Wesbanco Bank Inc. Increases Stock Position in Uber Technologies, Inc. $UBER

Wesbanco Bank Inc. grew its position in Uber Technologies, Inc. (NYSE:UBER) by 6.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 209,767 shares of the ride-sharing company’s stock after acquiring an additional 13,155 shares during the period. Wesbanco Bank Inc.’s holdings in Uber Technologies were worth $15,089,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in Uber Technologies during the third quarter worth approximately $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $25,000. Imprint Wealth LLC purchased a new stake in Uber Technologies in the 3rd quarter worth $32,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Uber Technologies during the fourth quarter worth $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UBER. TD Cowen assumed coverage on shares of Uber Technologies in a research note on Monday, May 11th. They issued a “hold” rating on the stock. HSBC downgraded Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a research note on Monday, May 11th. The Goldman Sachs Group set a $115.00 target price on shares of Uber Technologies in a research note on Thursday, May 7th. Finally, Wells Fargo & Company raised their price target on shares of Uber Technologies from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.97.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber avoided a costly California ballot fight after Gov. Gavin Newsom signed a deal with trial lawyers, reducing a major legal overhang and limiting the chance of a $50 million campaign battle. Uber Scores Last-Minute Win As Gavin Newsom Signs Deal That Ends $50 Million California Ballot Showdown
• Positive Sentiment: BTIG reaffirmed its buy rating on Uber and raised its price target to $100, signaling confidence in further upside from current levels. Benzinga report on BTIG rating
• Positive Sentiment: Recent coverage highlights Uber’s expanding food-delivery and retail push, including non-food categories that could help broaden transaction volume and support growth beyond rides. UBER Expands Its Food Delivery Business: Is it a Growth Catalyst?
• Neutral Sentiment: Analysts say Uber’s robotaxi strategy could take years to pay off, and Waymo remains dominant in U.S. autonomous ride-hailing, which tempers near-term enthusiasm. Uber’s Robotaxi Vision Could Take Years To Play Out: Analyst
• Neutral Sentiment: Uber enacted stricter driver background checks after reporting by The New York Times, a move that may improve safety optics but also underscores ongoing scrutiny around platform trust and compliance. Uber Enacts Stricter Background Checks for Drivers
• Neutral Sentiment: OpenAI hiring Uber’s India chief is a talent-related headline, but it does not appear to have a direct near-term impact on Uber’s business or stock. OpenAI poaches Uber India chief
• Negative Sentiment: Some coverage is still focused on the long timeline and uncertainty around Uber’s autonomous-vehicle ambitions, which can weigh on sentiment even when core ride and delivery businesses are performing well. Uber’s robotaxi vision could take years to play out: Analyst

Uber Technologies Trading Up 5.3%

Shares of UBER stock opened at $76.09 on Friday. Uber Technologies, Inc. has a fifty-two week low of $67.19 and a fifty-two week high of $101.99. The company has a 50 day moving average price of $73.40 and a 200 day moving average price of $76.11. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $154.90 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 6.14 and a beta of 1.12.

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, topping 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 net margin of 15.91% and a return on equity of 41.40%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities research analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal 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.