PNC Financial Services Group Inc. Decreases Stock Position in Uber Technologies, Inc. $UBER

PNC Financial Services Group Inc. reduced its position in Uber Technologies, Inc. (NYSE:UBER) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 485,148 shares of the ride-sharing company’s stock after selling 19,602 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Uber Technologies were worth $39,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in UBER. Brighton Jones LLC boosted its holdings in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC boosted its holdings in shares of Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after acquiring an additional 641 shares during the period. Caxton Associates LLP bought a new position in shares of Uber Technologies in the first quarter worth $304,000. Finally, Schnieders Capital Management LLC. bought a new position in shares of Uber Technologies in the second quarter worth $842,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

UBER stock opened at $73.66 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. Uber Technologies, Inc. has a one year low of $68.46 and a one year high of $101.99. The stock has a market cap of $149.94 billion, a PE ratio of 18.37, a P/E/G ratio of 6.34 and a beta of 1.16. The firm has a 50 day simple moving average of $74.20 and a two-hundred day simple moving average of $79.41.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The business had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Trending Headlines about Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Uber’s self-driving strategy got a boost after Nvidia CEO Jensen Huang said the partnership will help power robotaxis in nearly 30 cities across 4 continents by 2028, reinforcing the long-term growth case for Uber’s autonomy efforts. Jensen Huang Says Nvidia Is Powering Uber’s Push Into Trillion-Dollar Self-Driving Opportunity Across 30 Cities
• Positive Sentiment: Uber was named Delivery Hero’s top shareholder and is part of a $5.3 billion bid for Baemin, which could expand its strategic influence in international delivery markets. Uber Becomes Delivery Hero’s Top Shareholder, Joins Naver in $5.3B Bid for Baemin
• Positive Sentiment: A Barchart report said SoftBank’s stock sales may look alarming, but Uber’s Q1 results indicate the underlying business is still accelerating, which supports the bull case for fundamentals. SoftBank Dumps Uber Stock, But Uber’s Growth Is Accelerating
• Neutral Sentiment: One article argued investors are still waiting for Uber’s new “Eats for the Way” feature to restore confidence, suggesting the market wants more proof that recent product efforts can reignite momentum. Your Morning Coffee, on Uber: Investors Counting on an UBER Stock Turnaround Are Hoping that ‘Eats for the Way’ Pays Off
• Negative Sentiment: Competitor pressure remains a concern, with a report saying Empower is pricing rides about 30% below Uber and Lyft in New York City, highlighting ongoing fare competition in rideshare. 30% Cheaper and Growing Fast: New Obi Research Reveals Empower’s Surge in New York City

Insider Activity

In other news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the completion of the purchase, the chief financial officer directly owned 28,742 shares in the company, valued at approximately $2,047,867.50. This trade represents a 357.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.45, for a total value of $2,233,500.00. Following the sale, the senior vice president directly owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on UBER. Roth Mkm set a $105.00 price target on Uber Technologies in a report on Thursday, February 5th. BNP Paribas Exane lowered Uber Technologies to an “underweight” rating in a report on Monday, May 11th. Wedbush cut their price target on Uber Technologies from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Needham & Company LLC reissued a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research note on Thursday, May 7th. Finally, Weiss Ratings lowered Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.11.

Uber Technologies Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.