13,070,492 Shares in Uber Technologies, Inc. $UBER Acquired by Legal & General Group Plc

Key Points

• Legal & General Group Plc acquired 13.07 million Uber shares worth approximately $943.2 million, giving it a roughly 0.64% stake. Institutional investors and hedge funds collectively own 80.24% of Uber.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $104.25, compared with Uber’s reported share price of $79.27.
• Uber slightly exceeded quarterly EPS expectations and reported 12.2% year-over-year revenue growth, while its robotaxi expansion supports long-term growth prospects; however, a potential €824.99 million Dutch GDPR fine presents a significant regulatory and financial risk.

Legal & General Group Plc bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,070,492 shares of the ride-sharing company's stock, valued at approximately $943,167,000. Legal & General Group Plc owned approximately 0.64% of Uber Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Uber Technologies during the 4th quarter valued at $25,000. Portus Wealth Advisors LLC acquired a new position in shares of Uber Technologies during the 1st quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in Uber Technologies during the third quarter worth $25,000. Finally, Lloyd Advisory Services LLC. bought a new position in Uber Technologies during the fourth quarter worth $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Uber Technologies in a research note on Monday, May 11th. They issued an "outperform" rating for the company. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research report on Monday, July 20th. HSBC cut shares of Uber Technologies to a "reduce" rating in a research report on Monday, May 11th. The Goldman Sachs Group set a $100.00 target price on Uber Technologies in a research report on Monday, June 29th. Finally, Jefferies Financial Group upped their price target on Uber Technologies from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.25.

Uber Technologies Stock Performance

Shares of UBER stock opened at $79.27 on Tuesday. The firm has a market capitalization of $161.92 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 6.35 and a beta of 1.13. The firm has a fifty day simple moving average of $73.19 and a two-hundred day simple moving average of $73.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business's revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Analysts forecast that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Uber Technologies News Roundup

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

• Positive Sentiment: Robotaxi expansion in Dubai: Fully driverless Baidu Apollo Go vehicles have begun operating in Dubai under Uber’s multi-year strategic partnership. The launch strengthens Uber’s autonomous-vehicle strategy and could eventually improve service availability and long-term margins. Uber's Robotaxi Push Gains Pace in Dubai: Baidu's Vehicles Debut
• Positive Sentiment: PGA TOUR partnership: Uber became the PGA TOUR’s official rideshare sponsor, while Uber Eats was named its official on-demand food-delivery sponsor. The agreement provides brand visibility and potential demand from events and fans. PGA TOUR taps Uber as official sponsor
• Positive Sentiment: India road-trip partnership: Zoomcar users can now compare and book Uber Intercity chauffeur-driven rides alongside self-drive rentals. The arrangement may expand Uber’s travel-related customer acquisition and booking opportunities in India. Zoomcar and Uber partner to give travelers more ways to plan road trips
• Neutral Sentiment: Analyst and institutional support: Uber retains a broadly favorable analyst view, with a reported median price target of $109.50. Bill Ackman’s Pershing Square also accumulated a large Uber position in the second quarter, though institutional ownership changes were mixed.
• Negative Sentiment: €824.99 million Dutch GDPR fine: The Dutch data-protection regulator said Uber used automated systems to suspend or permanently deactivate drivers based on conduct and customer-feedback data. The penalty—reported at roughly $966 million—could pressure earnings, raise compliance costs, and increase regulatory scrutiny across Europe. Dutch regulator fines Uber €824.99m

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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