PNC Financial Services Group Inc. Has $37.02 Million Stock Holdings in Uber Technologies, Inc. $UBER

PNC Financial Services Group Inc. boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 6.1% during the first quarter, HoldingsChannel.com reports. The fund owned 514,735 shares of the ride-sharing company’s stock after buying an additional 29,587 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Uber Technologies were worth $37,025,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Mach 1 Financial Group LLC purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $1,220,000. Teacher Retirement System of Texas boosted its stake in shares of Uber Technologies by 17.6% during the 4th quarter. Teacher Retirement System of Texas now owns 554,154 shares of the ride-sharing company’s stock valued at $45,280,000 after purchasing an additional 82,851 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Uber Technologies during the 4th quarter valued at about $17,336,000. Finally, Robinhood Asset Management LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at about $10,884,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UBER. US Capital Advisors set a $95.00 price target on shares of Uber Technologies in a research note on Monday, May 11th. Truist Financial lifted their price objective on Uber Technologies from $108.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Guggenheim reissued a “buy” rating on shares of Uber Technologies in a research report on Tuesday, June 9th. Finally, KeyCorp lowered their target price on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus 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 Price Performance

Shares of UBER opened at $68.97 on Friday. The stock has a market cap of $140.39 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 5.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. Uber Technologies, Inc. has a fifty-two week low of $67.19 and a fifty-two week high of $101.99. The firm’s 50-day simple moving average is $72.35 and its two-hundred day simple moving average is $74.78.

Uber Technologies (NYSE:UBER) last released its 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 net margin of 15.91% and a return on equity of 41.40%. The firm had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. During the same period last year, the business earned $0.83 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts anticipate that Uber Technologies, Inc. will post 2.98 earnings per share for the current fiscal year.

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.