Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 130.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,061 shares of the ride-sharing company’s stock after acquiring an additional 82,002 shares during the period. PNC Financial Services Group Inc.’s holdings in Uber Technologies were worth $8,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $30,000. Highlander Capital Management LLC increased its position in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the period. Bfsg LLC purchased a new stake in Uber Technologies during the 4th quarter valued at approximately $31,000. Blue Bell Private Wealth Management LLC lifted its position in Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Uber Technologies by 82.9% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after purchasing an additional 262 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. Royal Bank of Canada cut their target price on shares of Uber Technologies from $85.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. KeyCorp upped their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. JMP Securities reiterated a “market outperform” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, May 16th. UBS Group cut their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, DA Davidson reiterated a “buy” rating and set a $81.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Uber Technologies Trading Up 2.4 %

Shares of UBER opened at $65.48 on Thursday. The company’s fifty day moving average is $72.14 and its 200 day moving average is $67.39. Uber Technologies, Inc. has a fifty-two week low of $37.07 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $136.82 billion, a PE ratio of 105.61, a P/E/G ratio of 1.35 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same quarter in the previous year, the firm earned ($0.08) EPS. Uber Technologies’s revenue was up 14.8% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies, Inc. will post 0.88 earnings per share for the current fiscal year.

About Uber Technologies

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.