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

Key Points

• PNC Financial Services increased its Uber stake by 6.1% in the first quarter, buying 29,587 more shares and bringing its total holdings to 514,735 shares valued at about $37.0 million.
• Uber continues to draw mixed analyst views, with most ratings still positive but some target cuts and downgrades. The stock’s consensus rating remains “Moderate Buy”, with an average price target of $104.65.
• Recent company headlines are broadly mixed: Uber won a court injunction in New York that protects driver deactivation flexibility, but it also cut 10% of customer service jobs as part of an AI-driven restructuring effort.

PNC Financial Services Group Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) 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 - Get Free Report) 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.

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