Uber Technologies, Inc. (NYSE:UBER) is Boyar Asset Management Inc.'s 5th Largest Position

Boyar Asset Management Inc. decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,766 shares of the ride-sharing company's stock after selling 5,253 shares during the period. Uber Technologies comprises approximately 4.8% of Boyar Asset Management Inc.'s holdings, making the stock its 5th largest holding. Boyar Asset Management Inc.'s holdings in Uber Technologies were worth $6,613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Transce3nd LLC purchased a new position in Uber Technologies during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies during the 4th quarter worth $27,000. Kozak & Associates Inc. increased its stake in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies in the first quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies in the fourth quarter valued at about $28,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock traded up $2.19 during mid-day trading on Thursday, reaching $93.09. The stock had a trading volume of 23,563,190 shares, compared to its average volume of 20,993,421. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $94.24. The firm has a market cap of $194.67 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.17 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The business's fifty day moving average is $84.48 and its 200-day moving average is $74.83.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the company earned ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price objective for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Citigroup boosted their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. TD Cowen dropped their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, KeyCorp upped their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $95.18.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.