Legal & General Group Plc Boosts Uber Stake by 6.9%

Institutional investor increases holdings in ride-sharing company to over 13 million shares

Published on Mar. 10, 2026

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Legal & General Group Plc, a major institutional investor, grew its stake in Uber Technologies, Inc. by 6.9% in the third quarter of 2026, according to a recent 13F filing with the Securities & Exchange Commission. The fund now owns 13,386,313 shares of the ride-sharing company's stock, representing approximately 0.64% of Uber's total outstanding shares.

Why it matters

Uber's stock performance and institutional ownership are closely watched as indicators of the company's long-term growth potential. Legal & General's increased investment suggests confidence in Uber's business model and future prospects, despite some recent volatility in the stock price.

The details

According to the 13F filing, Legal & General Group Plc purchased an additional 867,719 shares of Uber during the third quarter. This brings the firm's total holdings in Uber to over 13.3 million shares, worth approximately $1.31 billion based on Uber's current stock price.

  • Legal & General Group Plc filed the 13F report disclosing the increased Uber stake in the third quarter of 2026.

The players

Legal & General Group Plc

A major global financial services company that provides investment management services and owns a significant stake in Uber Technologies.

Uber Technologies, Inc.

A technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers.

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What they’re saying

“We must continue to monitor Uber's performance and growth as the company navigates the evolving mobility landscape.”

— Analyst (MarketBeat)

What’s next

Investors will be closely watching Uber's upcoming quarterly earnings report and any further updates on institutional ownership of the stock.

The takeaway

Legal & General's increased stake in Uber is a vote of confidence in the company's long-term potential, despite recent stock price fluctuations. This highlights the continued interest from major institutional investors in the ride-sharing industry.