Uber Technologies, Inc. $UBER Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 21.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,675 shares of the ride-sharing company’s stock after buying an additional 82,676 shares during the period. PNC Financial Services Group Inc.’s holdings in Uber Technologies were worth $43,168,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at approximately $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. Truvestments Capital LLC lifted its stake in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Uber Technologies in the 2nd quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd acquired a new stake in Uber Technologies during the 1st quarter valued at $31,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE UBER opened at $91.73 on Friday. The business’s 50-day moving average price is $95.49 and its 200 day moving average price is $91.56. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a market capitalization of $190.59 billion, a PE ratio of 11.79 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 EPS. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UBER shares. Truist Financial boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wells Fargo & Company dropped their price objective on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Stifel Nicolaus set a $122.00 target price on shares of Uber Technologies in a report on Tuesday, November 4th. Finally, Raymond James Financial raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. This trade represents a 13.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 598,875 shares of company stock valued at $58,407,848 in the last ninety days. 3.84% of the stock is owned by company insiders.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.