2 weeks Ago By ABMN Staff
Private Advisor Group LLC raised its holdings in shares of Lyft, Inc. ( NASDAQ:LYFT – Free Report ) by 300.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 69,697 shares of the ride-sharing company’s stock after acquiring an additional 52,311 shares during the quarter. Private Advisor Group LLC’s holdings in Lyft were worth $983,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors and hedge funds have also modified their holdings of the business.
Vanguard Group Inc. lifted its stake in shares of Lyft by 2.4% during the 1st quarter.
Vanguard Group Inc. now owns 32,899,391 shares of the ride-sharing company’s stock valued at $636,603,000 after buying an additional 782,736 shares in the last quarter. Norges Bank purchased a new position in shares of Lyft during the 4th quarter valued at $94,687,000.
Jacobs Levy Equity Management Inc. lifted its stake in shares of Lyft by 1.1% during the 1st quarter.
Jacobs Levy Equity Management Inc. now owns 5,846,287 shares of the ride-sharing company’s stock valued at $113,126,000 after buying an additional 63,461 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Lyft by 39.
5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,870,599 shares of the ride-sharing company’s stock valued at $40,475,000 after buying an additional 812,926 shares in the last quarter. Finally, Kodai Capital Management LP purchased a new position in shares of Lyft during the 4th quarter valued at $26,069,000.
Hedge funds and other institutional investors own 83.07% of the company’s stock. Analysts Set New Price Targets A number of research analysts recently weighed in on LYFT shares.
TD Cowen lowered their target price on shares of Lyft from $18.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th.
Cantor Fitzgerald began coverage on shares of Lyft in a report on Thursday, September 5th. They issued a “neutral” rating and a $13.00 price target on the stock.
Needham & Company LLC reiterated a “hold” rating on shares of Lyft in a report on Wednesday, August 7th. Evercore ISI reduced their price target on shares of Lyft from $18.00 to $17.
00 and set an “in-line” rating on the stock in a report on Thursday, August 8th. Finally, Bank of America upgraded shares of Lyft from an “underperform” rating to a “buy” rating and lifted their price target for the company from $15.00 to $20.
00 in a report on Friday, June 7th. Twenty-six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.
65. Lyft Stock Up 2.9 % Shares of NASDAQ LYFT opened at $11.
68 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.
74 and a quick ratio of 0.74. The company has a market cap of $4.
71 billion, a P/E ratio of -24.85 and a beta of 2.04.
Lyft, Inc. has a 1 year low of $8.85 and a 1 year high of $20.
82. The firm has a 50-day simple moving average of $11.61 and a two-hundred day simple moving average of $14.
80. Lyft ( NASDAQ:LYFT – Get Free Report ) last issued its earnings results on Wednesday, August 7th. The ride-sharing company reported $0.
24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05.
The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion.
Lyft had a negative net margin of 1.27% and a negative return on equity of 8.57%.
The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the company posted ($0.
14) earnings per share. Research analysts anticipate that Lyft, Inc. will post -0.
16 earnings per share for the current year. Insider Transactions at Lyft In other news, Director John Patrick Zimmer sold 7,188 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $11.
40, for a total transaction of $81,943.20. Following the transaction, the director now directly owns 932,062 shares of the company’s stock, valued at $10,625,506.
80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink . In other news, Director John Patrick Zimmer sold 7,188 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th.
The shares were sold at an average price of $11.40, for a total transaction of $81,943.20.
Following the transaction, the director now directly owns 932,062 shares of the company’s stock, valued at $10,625,506.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink .
Also, insider Lindsay Catherine Llewellyn sold 4,243 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $12.00, for a total transaction of $50,916.
00. Following the transaction, the insider now directly owns 760,089 shares in the company, valued at $9,121,068. The disclosure for this sale can be found here .
Over the last three months, insiders have sold 36,740 shares of company stock valued at $443,073. 3.07% of the stock is currently owned by company insiders.
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.
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