State of Michigan Retirement System Sells 20,000 Shares of Uber Technologies, Inc. $UBER

Key Points

• State of Michigan Retirement System trimmed its stake in Uber by 3.5%, selling 20,000 shares and leaving it with 544,000 shares valued at about $44.45 million at quarter-end.
• Notable insider activity: SVP Nikki Krishnamurthy sold 30,000 shares at $74.45 (a 6.11% reduction in her holding), while CFO Balaji (A) Krishnamurthy purchased 22,453 shares at $71.25 (a 357% increase in his position).
• Wall Street consensus rates Uber as a Moderate Buy with an average price target of $105.14, though several firms have recently adjusted their targets and ratings.

State of Michigan Retirement System trimmed its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 544,000 shares of the ride-sharing company's stock after selling 20,000 shares during the period. State of Michigan Retirement System's holdings in Uber Technologies were worth $44,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sage Rhino Capital LLC increased its position in shares of Uber Technologies by 4.2% during the 3rd quarter. Sage Rhino Capital LLC now owns 2,740 shares of the ride-sharing company's stock valued at $268,000 after purchasing an additional 110 shares during the last quarter. Quent Capital LLC lifted its position in Uber Technologies by 3.3% in the third quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company's stock worth $343,000 after buying an additional 111 shares during the last quarter. Advisors Capital Management LLC lifted its position in Uber Technologies by 1.8% in the third quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company's stock worth $627,000 after buying an additional 111 shares during the last quarter. Emergent Wealth Advisors LLC boosted its stake in Uber Technologies by 0.7% during the third quarter. Emergent Wealth Advisors LLC now owns 17,361 shares of the ride-sharing company's stock worth $1,701,000 after buying an additional 114 shares during the period. Finally, Dumont & Blake Investment Advisors LLC boosted its stake in Uber Technologies by 1.3% during the third quarter. Dumont & Blake Investment Advisors LLC now owns 8,975 shares of the ride-sharing company's stock worth $879,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the transaction, the senior vice president directly owned 460,756 shares of the company's stock, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were bought 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 of the company's stock, valued at approximately $2,047,867.50. This represents a 357.02% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UBER. Needham & Company LLC reissued a "buy" rating and issued a $109.00 target price on shares of Uber Technologies in a research note on Tuesday, February 3rd. Guggenheim cut their price target on shares of Uber Technologies from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, February 18th. Royal Bank Of Canada reissued an "outperform" rating and issued a $105.00 price objective on shares of Uber Technologies in a research report on Thursday, February 5th. Mizuho decreased their price objective on shares of Uber Technologies from $130.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, February 5th. Finally, Wedbush dropped their target price on Uber Technologies from $78.00 to $75.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $105.14.

Uber Technologies News Roundup

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

• Positive Sentiment: Bill Ackman remains bullish on Uber, keeping a large Pershing Square stake that can support share demand and signal long-term institutional confidence. Uber Technologies Inc. (UBER): Bill Ackman Continues to Be Bullish
• Positive Sentiment: Uber and Joby Aviation confirmed an air-taxi launch in Dubai by 2026, advancing Uber’s urban air mobility strategy and expanding its addressable market beyond rideshare and delivery over time. This is a strategic growth signal, though commercialization and economics remain multi-year. Uber and Joby Aviation Confirm Air Taxis Launch in Dubai by 2026 -- Time to Buy?
• Positive Sentiment: Uber’s expanded partnership with Block (Square/Cash App) to add Cash App Pay on Uber and Uber Eats can boost payment convenience, reduce friction, and open new monetization avenues across payments and merchant integrations. Block And Uber Tie Up Connects Cash App And Square To Everyday Spending
• Neutral Sentiment: Uber holds an ~11.5% stake in Lucid (LCID). That backing supports Uber’s robotaxi narrative but leaves Uber exposed to LCID’s execution and dilution risk as Lucid faces sharp share declines. Impact on Uber depends on how Lucid performs operationally. Uber Has an 11.52% Stake in Lucid. Does That Make LCID Stock a Buy?
• Neutral Sentiment: Commentary on Uber’s autonomous-vehicle (AV) pivot highlights both long-term growth potential and near-term margin/execution risk — a reminder that AV exposure can be a source of volatility for investors. Uber's AV pivot: Growth opportunity or margin risk?
• Negative Sentiment: Viral rider complaints about higher charges when paying with Amex have drawn negative consumer headlines; recurring payment frictions or perceived price surcharges can hurt demand and invite regulatory or PR follow-up. Uber riders complain they were charged more for paying with Amex cards—one viral video shows a $13 difference

Uber Technologies Trading Up 0.0%

NYSE UBER opened at $74.66 on Monday. The company's 50-day moving average price is $73.64 and its 200-day moving average price is $81.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a market cap of $152.53 billion, a PE ratio of 15.85, a PEG ratio of 6.83 and a beta of 1.21. Uber Technologies, Inc. has a 12 month low of $68.46 and a 12 month high of $101.99.

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 for the quarter, missing analysts' consensus estimates of $0.79 by ($0.08). The company had revenue of $14.37 billion for the quarter, compared to the consensus estimate of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The company's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.21 EPS. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 3.34 earnings per share for the current 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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