PNC Financial Services Group Inc. Grows Stock Holdings in Uber Technologies, Inc. $UBER

PNC Financial Services Group Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 9.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 504,750 shares of the ride-sharing company’s stock after buying an additional 42,075 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Uber Technologies were worth $49,450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Uber Technologies by 3.4% in the 4th 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 raised its holdings in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Bison Wealth LLC boosted its position in Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares in the last quarter. Caxton Associates LLP acquired a new stake in Uber Technologies in the first quarter valued at $304,000. Finally, Koshinski Asset Management Inc. grew its holdings in Uber Technologies by 5.8% in the second quarter. Koshinski Asset Management Inc. now owns 8,856 shares of the ride-sharing company’s stock valued at $826,000 after purchasing an additional 482 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total transaction of $260,937.50. Following the sale, the insider owned 176,584 shares in the company, valued at $14,744,764. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. TD Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research report on Monday, December 29th. BNP Paribas Exane assumed coverage on shares of Uber Technologies in a report on Wednesday, January 14th. They issued an “outperform” rating and a $108.00 price target on the stock. Wolfe Research lowered their price target on shares of Uber Technologies from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, UBS Group set a $111.00 price objective on shares of Uber Technologies in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.89.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $69.83 on Tuesday. The company has a 50-day simple moving average of $80.86 and a 200-day simple moving average of $88.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.15. The company has a market cap of $145.09 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 6.40 and a beta of 1.21. Uber Technologies, Inc. has a 12 month low of $60.63 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The firm had revenue of $14.37 billion for the quarter, compared to analyst estimates of $14.32 billion. Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The firm’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.21 EPS. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

About Uber Technologies

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.