Richard Bernstein Advisors Sells Uber Shares

Institutional investor reduces stake in ride-sharing company

Published on Mar. 10, 2026

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Richard Bernstein Advisors LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 58.0% in the third quarter, according to a recent 13F filing with the Securities & Exchange Commission. The institutional investor now owns 24,338 shares of the ride-sharing company's stock, down from 57,962 shares previously.

Why it matters

Uber has faced challenges in recent years, including regulatory hurdles and increased competition, which have impacted its stock price. The sale by Richard Bernstein Advisors, a prominent institutional investor, could signal broader concerns about the company's long-term prospects.

The details

According to the 13F filing, Richard Bernstein Advisors sold 33,624 shares of Uber, reducing its stake in the company to $2.38 million at the end of the third quarter. The move comes as Uber has struggled to achieve profitability and faces ongoing regulatory scrutiny in various markets.

  • The sale occurred in the third quarter of the year.

The players

Richard Bernstein Advisors LLC

An institutional investment management firm that previously held a larger 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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The takeaway

The sale by Richard Bernstein Advisors highlights the ongoing challenges facing Uber as it navigates a competitive and regulatory landscape. Investors will be closely watching the company's performance and strategy as it seeks to achieve long-term profitability.