Tiger Global Management LLC Cuts Share Stake In Uber Technologies Inc By 40.6% To 3.05M Shares; Dissolves Share Stake In KKR & Co; Dissolves Share Stake In Peloton Interactive; Takes Share Stake Of 182,300 Common Shares In Broadcom; Raises Share Stake In DoorDash By 79.1% To 2.2M Class A Shares, As Of December 31, 2023 And Compared With The Previous Quarter Ended As Of September 30, 2023
Portfolio Pulse from Benzinga Newsdesk
Tiger Global Management LLC has made significant changes to its investment portfolio as of December 31, 2023, compared to the previous quarter. The firm reduced its stake in Uber Technologies Inc by 40.6% to 3.05 million shares and dissolved its stakes in KKR & Co and Peloton Interactive. Additionally, Tiger Global took a new position in Broadcom with 182,300 common shares and increased its stake in DoorDash by 79.1% to 2.2 million Class A shares.
February 14, 2024 | 6:16 pm
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NEGATIVE IMPACT
Tiger Global Management LLC dissolved its share stake in KKR & Co.
Dissolving its stake in KKR & Co indicates a complete exit by Tiger Global, which could be perceived negatively by the market, potentially leading to a short-term decrease in KKR's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tiger Global Management LLC dissolved its share stake in Peloton Interactive.
The exit of a significant investor like Tiger Global could lead to negative market sentiment towards Peloton Interactive, potentially causing a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tiger Global Management LLC reduced its stake in Uber Technologies Inc by 40.6% to 3.05 million shares.
A significant reduction in stake by a major investment firm like Tiger Global could lead to negative sentiment among investors, potentially impacting Uber's stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tiger Global Management LLC took a new share stake in Broadcom with 182,300 common shares.
Entering a new position in Broadcom with a significant number of shares shows Tiger Global's confidence in the company, which could positively influence Broadcom's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tiger Global Management LLC raised its stake in DoorDash by 79.1% to 2.2 million Class A shares.
The significant increase in Tiger Global's stake in DoorDash could be seen as a strong vote of confidence, potentially leading to a positive impact on DoorDash's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80