Legal & General Group Plc Purchases 867,719 Shares of Uber Technologies, Inc. $UBER

Key Points

• Legal & General Group Plc increased its Uber stake by 6.9%, buying 867,719 shares to own 13,386,313 shares (about 0.64% of the company) valued at roughly $1.31 billion.
• CFO Balaji Krishnamurthy purchased 22,453 shares (~$1.6M), boosting his holdings to 28,742 shares, while insider Tony West sold 3,125 shares; company insiders now own 3.70% of Uber.
• Uber missed quarterly EPS ($0.71 vs. $0.79 est.) on $14.37B revenue, set Q1 2026 guidance of $0.65–0.72 EPS, and carries a market-cap near $152B with a consensus "Moderate Buy" target around $104.53.

Legal & General Group Plc grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,386,313 shares of the ride-sharing company's stock after purchasing an additional 867,719 shares during the quarter. Legal & General Group Plc owned approximately 0.64% of Uber Technologies worth $1,311,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in UBER. Westend Capital Management LLC bought a new stake in Uber Technologies during the third quarter valued at approximately $27,000. Kilter Group LLC bought a new position in Uber Technologies in the second quarter worth approximately $26,000. Total Investment Management Inc. bought a new position in Uber Technologies in the second quarter worth approximately $32,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Uber Technologies during the 3rd quarter worth $34,000. Finally, True Wealth Design LLC boosted its stake in shares of Uber Technologies by 38.6% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company's stock worth $42,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies News Roundup

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

• Positive Sentiment: Nissan partnership on self‑driving technology reinforces Uber’s long‑term autonomous strategy and OEM relationships, which could lower vehicle costs and speed fleet deployments. Nissan to partner with Uber on self-driving technology
• Positive Sentiment: Uber outlined a strategic vision at the Morgan Stanley conference and benefits from large activist/hedge‑fund backing (Pershing Square/Ackman), which can provide credibility and a potential shareholder‑friendly focus. Uber Technologies, Inc. (UBER) Outlines Its Strategic Vision at Morgan Stanley Conference
• Positive Sentiment: Expansion of Uber Autonomous Solutions and planned Uber Air (Joby eVTOL partnerships) extends addressable market beyond human drivers and supports a multi-modal platform thesis. These initiatives underpin long‑term growth optionality. Uber Expands Autonomous And Air Taxi Services As Valuation Signals Upside
• Positive Sentiment: High‑profile bullish commentary (e.g., Jim Cramer) may support investor conviction for those focused on long‑term market share and platform scale. Jim Cramer on Uber
• Neutral Sentiment: Analyst/industry pieces note Uber’s cheap valuation versus industrial peers, but highlight robotaxi competition and regulatory uncertainty as offsets — a valuation story with clear risk factors. Is UBER's Cheap Valuation Reason Enough to Invest in the Stock?
• Neutral Sentiment: Coverage notes Uber is profitable but the stock hasn’t re‑rated, suggesting investors remain cautious and want clearer evidence growth will translate into sustained higher margins. Uber is finally profitable. So why is the stock still going nowhere?
• Negative Sentiment: Rapid robotaxi expansion by competitors like Waymo is accelerating and could compress Uber’s ride‑hailing margins and driver supply in key markets. How autonomous vehicles are disrupting the rideshare economy
• Negative Sentiment: Safety incidents and mounting assault cases are a reputational/regulatory risk; Uber’s rollout of a female‑driver option is a mitigation step but highlights ongoing liabilities that can pressure demand and invite scrutiny. Uber expands female driver option in the US amid mounting assault cases
• Negative Sentiment: Uber’s last quarterly EPS missed consensus (Feb. 4) and guidance is conservative for Q1 2026, which keeps near‑term expectations muted despite revenue growth. (Company reported the miss and set Q1 guidance publicly.)

Insider Activity at Uber Technologies

In related news, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the transaction, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. The trade was a 357.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of the firm's stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the transaction, the insider directly owned 176,584 shares of the company's stock, valued at $14,744,764. The trade was a 1.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UBER. Arete Research set a $125.00 price objective on Uber Technologies and gave the stock a "buy" rating in a research note on Wednesday, December 3rd. KeyCorp cut their price target on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, January 20th. Roth Mkm set a $105.00 price objective on Uber Technologies in a research note on Thursday, February 5th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Uber Technologies in a research note on Thursday, December 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $104.53.

Uber Technologies Stock Performance

NYSE UBER opened at $73.91 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a twelve month low of $60.63 and a twelve month high of $101.99. The business has a 50-day moving average price of $78.39 and a 200-day moving average price of $87.10. The firm has a market cap of $152.11 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 6.89 and a beta of 1.22.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The business had revenue of $14.37 billion for the quarter, compared to the consensus estimate of $14.32 billion. During the same period last year, the business posted $3.21 EPS. The firm's revenue for the quarter was up 20.1% compared to the same quarter last year. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

About Uber Technologies

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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