Uber Investor Sells $1.6M in Stock

Long Corridor Asset Management Ltd reduces stake in ride-sharing company

Published on Mar. 8, 2026

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Long Corridor Asset Management Ltd, a hedge fund that owns a significant stake in Uber Technologies, Inc., has sold 156,800 shares of the company's stock, reducing its position by 48.4%. The sale was worth approximately $1.6 million based on Uber's current stock price.

Why it matters

Uber's stock price has been volatile in recent months, and this sale by a major investor could signal concerns about the company's long-term prospects. However, Uber remains one of the dominant players in the ride-sharing market, and the company has been working to diversify its business into areas like freight logistics and autonomous vehicles.

The details

According to a recent SEC filing, Long Corridor Asset Management Ltd sold 156,800 shares of Uber stock during the third quarter of 2025. The fund now owns 167,200 shares of the company, worth approximately $16.4 million. Uber's stock price has fluctuated between $60 and $102 over the past year, and the company has faced challenges related to regulation, labor issues, and competition from rivals like Lyft.

  • Long Corridor Asset Management Ltd sold the shares during the third quarter of 2025.
  • Uber's stock price has ranged from $60 to $102 over the past 12 months.

The players

Long Corridor Asset Management Ltd

A hedge fund that owns a significant stake in Uber Technologies, Inc.

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 not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This sale by a major Uber investor highlights the ongoing challenges facing the ride-sharing company, including regulatory hurdles, labor issues, and competition from rivals. However, Uber remains a dominant player in the industry and is working to diversify its business model, suggesting that the company may still have significant growth potential in the long run.