Uber Shares Sold by Jericho Capital Asset Management

Institutional investor cuts stake in ride-sharing company by over 25%

Mar. 16, 2026 at 11:52am by Ben Kaplan

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Jericho Capital Asset Management L.P. has reduced its holdings in Uber Technologies, Inc. (NYSE:UBER) by 25.4% in the third quarter, according to a recent SEC filing. The fund now owns 3,150,000 shares of the ride-sharing company's stock, down from 4,222,221 shares previously.

Why it matters

Uber's stock performance and institutional ownership are closely watched as indicators of the company's overall health and future prospects. This sale by a major investor could signal concerns about Uber's growth or profitability outlook.

The details

Jericho Capital Asset Management, an investment management firm, sold 1,072,221 Uber shares in the third quarter, reducing its stake to about 3.2% of the company's total shares outstanding. Uber Technologies accounts for a significant portion of Jericho's overall portfolio.

  • Jericho Capital Asset Management reduced its Uber stake in the third quarter of 2026.

The players

Jericho Capital Asset Management L.P.

An investment management firm that previously held a sizable 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

This sale by a major institutional investor could signal potential concerns about Uber's future performance, though the company's overall stock ownership and analyst ratings remain positive. Investors will likely continue to closely monitor Uber's financial results and growth trajectory.