PNC Financial Services Group Inc. Acquires 29,587 Shares of Uber Technologies, Inc. $UBER

PNC Financial Services Group Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 514,735 shares of the ride-sharing company’s stock after acquiring an additional 29,587 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Uber Technologies were worth $37,025,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UBER. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies in the third quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $25,000. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $25,000. Imprint Wealth LLC bought a new stake in shares of Uber Technologies during the 3rd quarter worth about $32,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several research analyst reports. KeyCorp lowered their price target on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. HSBC cut Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, April 28th. DA Davidson reiterated a “buy” rating and set a $107.00 target price on shares of Uber Technologies in a research note on Tuesday, May 26th. Finally, Truist Financial lifted their price target on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $104.65.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber won a court injunction blocking a New York City law that would have restricted how quickly it can deactivate drivers, preserving flexibility in a key market and reducing regulatory risk. Uber Wins Court Injunction Over New York Driver Deactivation Law
• Positive Sentiment: Bill Ackman said Tesla robotaxi fears may be creating a “very cheap” buying opportunity in Uber, which could support investor sentiment around Uber’s long-term valuation. Bill Ackman Says Tesla Robotaxi Fears Are Creating a Very Cheap Buying Opportunity for UBER
• Neutral Sentiment: Uber reportedly invested in former co-founder Travis Kalanick’s $1.7 billion Atoms funding round, a notable AI/robotics development but not a direct near-term operating catalyst for Uber. Travis Kalanick’s Atoms Secures Funding
• Negative Sentiment: Uber cut 10% of customer service jobs and asked some remote employees to return to the office, reinforcing concerns about restructuring disruption even as it touts AI efficiency gains. Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI
• Negative Sentiment: Multiple reports highlight that Uber is trimming staff for the second time in two months, which can signal slowing internal growth or pressure to control costs. Uber Cuts 10% of Customer Service Jobs to ‘Embrace’ AI

Uber Technologies Stock Down 1.9%

Shares of UBER opened at $68.97 on Friday. Uber Technologies, Inc. has a 12 month low of $67.19 and a 12 month high of $101.99. The firm’s 50 day moving average is $72.35 and its 200-day moving average is $74.78. The stock has a market capitalization of $140.39 billion, a PE ratio of 17.20, a P/E/G ratio of 5.91 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Uber Technologies, Inc. will post 2.98 EPS for the current year.

Uber Technologies Company 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.