PNC Financial Services Group Inc. Sells 19,602 Shares of Uber Technologies, Inc. $UBER

Key Points

• PNC Financial Services Group reduced its Uber stake by 3.9% in the fourth quarter, selling 19,602 shares and ending with 485,148 shares valued at about $39.6 million.
• Uber reported Q1 earnings of $0.72 per share, topping analyst expectations of $0.69, while revenue rose 14.5% year over year to $13.2 billion. The company also guided Q2 2026 EPS at $0.78-$0.82.
• Analyst sentiment remains constructive overall, with Uber carrying a Moderate Buy consensus and a target price of $105.11, even as some firms recently upgraded or downgraded the stock.

PNC Financial Services Group Inc. lessened its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UBER. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies in the third quarter valued at approximately $25,000. Ares Financial Consulting LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $28,000. Imprint Wealth LLC bought a new position in shares of Uber Technologies in the third quarter valued at approximately $32,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Uber Technologies in the third quarter valued at approximately $34,000. Finally, Hager Investment Management Services LLC lifted its holdings in shares of Uber Technologies by 276.2% in the fourth quarter. Hager Investment Management Services LLC now owns 489 shares of the ride-sharing company's stock valued at $40,000 after purchasing an additional 359 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER opened at $73.66 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $149.94 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 6.34 and a beta of 1.16. The stock has a 50 day moving average of $74.20 and a 200 day moving average of $79.41. Uber Technologies, Inc. has a 12 month low of $68.46 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. The company had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.Uber Technologies's revenue was up 14.5% on a year-over-year basis. During the same period last year, the business posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current 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

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm's stock in a transaction on 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 completion of the sale, the senior vice president directly owned 460,756 shares of the company's stock, valued at $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the firm's stock in a transaction on Tuesday, February 24th. The stock was purchased at an average cost of $71.25 per share, with a total value of $1,599,776.25. Following the completion of the transaction, the chief financial officer directly owned 28,742 shares of the company's stock, valued at approximately $2,047,867.50. The trade was a 357.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on UBER shares. DA Davidson raised their target price on Uber Technologies from $105.00 to $107.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. TD Cowen began coverage on Uber Technologies in a report on Monday, May 11th. They issued a "hold" rating on the stock. Fox Advisors raised Uber Technologies from a "hold" rating to an "outperform" rating in a research report on Monday, May 11th. UBS Group downgraded Uber Technologies from a "buy" rating to a "neutral" rating in a research report on Monday, May 11th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.11.

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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