Migdal Insurance & Financial Holdings Ltd. Takes Position in Uber Technologies, Inc. $UBER

Key Points

• Migdal Insurance & Financial Holdings opened a new position of 475,000 Uber shares (~$38.8 million) in 4Q, and institutional investors now hold about 80.24% of the company.
• Uber disclosed roughly a 11.5% stake in Lucid and increased investment (reported near $500M) plus expanded robo‑taxi fleet arrangements, signaling a strategic push into autonomous vehicles that could be a long‑term revenue catalyst.
• Insider activity is mixed — SVP Nikki Krishnamurthy sold 30,000 shares while CFO Balaji Krishnamurthy bought 22,453 shares (a 357% increase) — and analysts maintain a Moderate Buy consensus with an average target of $105.14, even as Uber recently missed EPS estimates while revenue rose 20.1% year‑over‑year.

Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 475,000 shares of the ride-sharing company's stock, valued at approximately $38,812,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spirepoint Private Client LLC increased its holdings in Uber Technologies by 21.9% during the 3rd quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company's stock worth $7,331,000 after acquiring an additional 13,454 shares during the period. Econ Financial Services Corp purchased a new position in Uber Technologies in the 3rd quarter worth approximately $1,538,000. Transcendent Capital Group LLC purchased a new position in Uber Technologies in the 3rd quarter worth approximately $1,859,000. Mawer Investment Management Ltd. purchased a new position in Uber Technologies in the 3rd quarter worth approximately $74,107,000. Finally, FFG Partners LLC grew its stake in Uber Technologies by 17.4% in the 3rd quarter. FFG Partners LLC now owns 144,159 shares of the ride-sharing company's stock worth $14,123,000 after buying an additional 21,315 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the company's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the sale, the senior vice president owned 460,756 shares of the company's stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was acquired at an average cost of $71.25 per share, with a total value of $1,599,776.25. Following the purchase, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. This represents a 357.02% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $109.00 price target on shares of Uber Technologies in a research note on Tuesday, February 3rd. BNP Paribas Exane assumed coverage on shares of Uber Technologies in a research note on Wednesday, January 14th. They issued an "outperform" rating and a $108.00 price target for the company. Truist Financial set a $108.00 price target on shares of Uber Technologies in a research note on Monday, February 9th. Citigroup reissued a "buy" rating on shares of Uber Technologies in a research note on Tuesday, March 17th. Finally, KeyCorp cut their price target on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $105.14.

Key Uber Technologies News

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

• Positive Sentiment: Uber disclosed a now-material ownership position (~11.5%) in Lucid and an expanded robo‑taxi vehicle arrangement, which traders view as a strong signal of strategic commitment to AV commercialization and a catalyst for long‑term revenue from autonomy. Lucid jumps as Uber stake disclosure refocuses attention on expanded robotaxi partnership and fresh funding
• Positive Sentiment: Multiple reports show Uber increasing total investment in Lucid (now cited around $500M) and expanding fleet purchase plans (large unit orders cited), reinforcing the funding + future demand narrative for robotaxi rollout. That can boost investor confidence about Uber’s AV roadmap and future margin mix. Lucid (LCID) Stock Surges as Uber Increases Stake to $500M and Expands Autonomous Fleet Order
• Positive Sentiment: TD Cowen published a bullish note projecting ~47% upside for UBER (price target $114), citing strong booking trends, growth in Delivery, and AV partnerships — analyst optimism can support share price and attract flows. Uber (UBER) Stock: Analyst Projects 47% Rally on Strong Booking Trends
• Positive Sentiment: Uber is reported to be acquiring a ~4.5% stake in Delivery Hero from Prosus (expanding its footprint and strategic exposure in food-delivery markets), a deal that can support Delivery segment scale and cross-market opportunities. Prosus to offload Delivery Hero stake to Uber for €270m
• Neutral Sentiment: CEO Dara Khosrowshahi commented publicly that many executives overstate AI impacts — notable for framing management’s realistic stance on AV/AI timelines but unlikely to move stock materially by itself. ‘Executives Are Lying about AI,’ Says Uber CEO
• Neutral Sentiment: Brokerages’ consensus remains around a “Moderate Buy,” which provides a base of institutional support but also shows varied analyst conviction. Uber Technologies, Inc. NYSE: UBER Given Consensus Recommendation of "Moderate Buy" by Brokerages
• Negative Sentiment: Legal risk: a California drivers’ group has filed suits alleging Uber is bypassing state protections and not providing proper appeals for terminated drivers — these suits raise regulatory and potential financial risk in a major market. Uber flouting California law that shields it from driver lawsuits, group claims
• Negative Sentiment: Additional coverage from Bloomberg Law and the LA Times highlights similar litigation themes in California — increased headlines can pressure the stock if they lead to regulatory actions, fines, or operational changes. Uber is Bypassing California Employee Carve-Out Law, Suit Says

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $77.24 on Wednesday. Uber Technologies, Inc. has a 52-week low of $68.46 and a 52-week high of $101.99. The stock has a market capitalization of $157.80 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 7.09 and a beta of 1.21. The company has a fifty day moving average of $73.37 and a 200-day moving average of $82.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.14.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $14.32 billion. During the same period last year, the company posted $3.21 EPS. Uber Technologies's revenue for the quarter was up 20.1% on a year-over-year basis. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 3.35 EPS for the current year.

Uber Technologies 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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

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.