1 week Ago By ABMN Staff
Pictet Asset Management Holding SA grew its holdings in shares of Lyft, Inc. ( NASDAQ:LYFT – Free Report ) by 26.2% in the fourth quarter, HoldingsChannel reports.
The fund owned 58,238 shares of the ride-sharing company’s stock after buying an additional 12,102 shares during the period. Pictet Asset Management Holding SA’s holdings in Lyft were worth $751,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds also recently modified their holdings of LYFT.
Van ECK Associates Corp lifted its holdings in Lyft by 14.0% in the fourth quarter. Van ECK Associates Corp now owns 398,880 shares of the ride-sharing company’s stock worth $5,146,000 after purchasing an additional 49,138 shares during the period.
Pacer Advisors Inc. lifted its stake in shares of Lyft by 32.4% in the 4th quarter.
Pacer Advisors Inc. now owns 9,408,466 shares of the ride-sharing company’s stock worth $121,369,000 after acquiring an additional 2,302,248 shares during the period. Paragon Capital Management Inc.
bought a new position in shares of Lyft in the fourth quarter valued at approximately $1,681,000. KBC Group NV increased its stake in shares of Lyft by 354.9% during the fourth quarter.
KBC Group NV now owns 266,185 shares of the ride-sharing company’s stock valued at $3,434,000 after acquiring an additional 207,672 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Lyft by 33.9% in the fourth quarter.
Bank of New York Mellon Corp now owns 3,878,369 shares of the ride-sharing company’s stock worth $50,031,000 after purchasing an additional 981,186 shares during the period. Institutional investors own 83.07% of the company’s stock.
Insiders Place Their Bets In other news, Director John Patrick Zimmer sold 2,424 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $12.52, for a total value of $30,348.
48. Following the completion of the sale, the director now directly owns 911,922 shares in the company, valued at approximately $11,417,263.44.
The trade was a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
Also, Director Logan Green sold 11,411 shares of Lyft stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $13.34, for a total transaction of $152,222.
74. Following the completion of the transaction, the director now owns 297,640 shares in the company, valued at $3,970,517.60.
This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold 15,407 shares of company stock valued at $203,778 over the last three months. 3.07% of the stock is currently owned by insiders.
Lyft Stock Down 3.4 % Lyft ( NASDAQ:LYFT – Get Free Report ) last posted its earnings results on Tuesday, February 11th. The ride-sharing company reported $0.
10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10).
Lyft had a return on equity of 8.03% and a net margin of 0.39%.
On average, equities research analysts expect that Lyft, Inc. will post 0.22 earnings per share for the current fiscal year.
Lyft declared that its board has approved a share repurchase program on Tuesday, February 11th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the ride-sharing company to purchase up to 8.
4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued. Analyst Ratings Changes Several brokerages have recently issued reports on LYFT.
Wells Fargo & Company lowered their price target on Lyft from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 3rd.
Loop Capital dropped their price target on shares of Lyft from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th.
KeyCorp restated a “sector weight” rating on shares of Lyft in a research report on Wednesday, March 26th. Evercore ISI dropped their target price on shares of Lyft from $19.00 to $15.
00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Finally, UBS Group reduced their target price on shares of Lyft from $16.00 to $15.
00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, twenty-seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.
com, Lyft currently has an average rating of “Hold” and an average price target of $16.66. View Our Latest Stock Report on LYFT Lyft Profile ( Free Report ) Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.
It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. See Also Want to see what other hedge funds are holding LYFT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Lyft, Inc. ( NASDAQ:LYFT – Free Report ). Receive News & Ratings for Lyft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lyft and related companies with MarketBeat.
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