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

State of Michigan Retirement System lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 544,000 shares of the ride-sharing company’s stock after selling 20,000 shares during the quarter. State of Michigan Retirement System’s holdings in Uber Technologies were worth $44,450,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Measured Wealth Private Client Group LLC purchased a new position in Uber Technologies during the third quarter valued at approximately $25,000. Westend Capital Management LLC bought a new position in Uber Technologies in the third quarter worth approximately $27,000. Imprint Wealth LLC purchased a new stake in Uber Technologies during the third quarter worth $32,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Uber Technologies during the 3rd quarter valued at $34,000. Finally, True Wealth Design LLC boosted its position in Uber Technologies by 38.6% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

More Uber Technologies News

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

Analysts Set New Price Targets

Several research analysts have recently commented on UBER shares. Weiss Ratings lowered Uber Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Cantor Fitzgerald dropped their price objective on Uber Technologies from $99.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Jefferies Financial Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, January 7th. BNP Paribas Exane initiated coverage on shares of Uber Technologies in a report on Wednesday, January 14th. They issued an “outperform” rating and a $108.00 target price for the company. Finally, KeyCorp decreased 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 report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $105.14.

Insider Transactions at Uber Technologies

In related news, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average cost of $71.25 per share, with a total value of $1,599,776.25. Following the transaction, the chief financial officer directly owned 28,742 shares of the company’s stock, valued at $2,047,867.50. This trade represents a 357.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction 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 $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.81% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $74.66 on Monday. 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 firm has a market cap of $152.53 billion, a PE ratio of 15.85, a P/E/G 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. The stock has a fifty day moving average price of $73.64 and a 200-day moving average price of $81.71.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The business had revenue of $14.37 billion for the quarter, compared to analysts’ expectations of $14.32 billion. During the same quarter last year, the firm earned $3.21 earnings per share. The firm’s quarterly revenue 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. Equities research analysts predict that Uber Technologies, Inc. will post 3.34 earnings per share for the current fiscal 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.