Nordea Investment Management AB Sells 74,971 Shares of Lyft, Inc. $LYFT

Nordea Investment Management AB lessened its position in shares of Lyft, Inc. (NASDAQ:LYFT) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 519,327 shares of the ride-sharing company’s stock after selling 74,971 shares during the period. Nordea Investment Management AB owned 0.13% of Lyft worth $10,010,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LYFT. Amalgamated Bank raised its holdings in shares of Lyft by 2.5% during the third quarter. Amalgamated Bank now owns 21,652 shares of the ride-sharing company’s stock valued at $477,000 after purchasing an additional 534 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Lyft by 23.2% in the third quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock worth $75,000 after purchasing an additional 639 shares during the last quarter. CI Investments Inc. lifted its stake in Lyft by 39.1% during the 3rd quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock valued at $51,000 after acquiring an additional 653 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Lyft by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock valued at $3,684,000 after purchasing an additional 771 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Lyft by 2.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 35,372 shares of the ride-sharing company’s stock worth $779,000 after buying an additional 836 shares in the last quarter. 83.07% of the stock is owned by institutional investors and hedge funds.

Lyft Stock Performance

Lyft stock opened at $13.26 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.65. Lyft, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $25.54. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 1.94, a PEG ratio of 0.79 and a beta of 1.92. The stock’s 50 day simple moving average is $14.99 and its two-hundred day simple moving average is $18.66.

Lyft declared that its board has authorized a stock buyback program on Tuesday, February 10th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the ride-sharing company to repurchase up to 15.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Key Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft rolled out a temporary driver-relief/cashback program to offset rising U.S. fuel costs — extra 2% cashback for Elite drivers and 1% for Gold/Platinum on Lyft Direct card for 60 days. This should help protect driver supply, reduce churn, and support trip availability and service levels. Read More.
• Positive Sentiment: Multiple outlets covered the driver relief program, increasing visibility and investor attention to Lyft’s cost-of-living support measures for gig workers. Broader coverage may temper investor concerns about driver earnings. Read More.
• Positive Sentiment: Lyft extended a six-year strategic partnership with MapUp to power toll intelligence (upfront pricing and automated toll reimbursements). Operational tools that reduce surprise fees and automate reimbursements can improve driver economics and user experience, supporting margin and retention. Read More.
• Neutral Sentiment: Consumer stocks were generally higher late in the session, offering a supportive market backdrop for Lyft as a consumer-facing mobility play; sector breadth may provide temporary tailwinds but isn’t company-specific. Read More.
• Neutral Sentiment: Coverage and longer-form pieces on ridesharing’s societal effects and competitors (e.g., Wheely expanding in NYC) provide context on market dynamics and niche competition but are unlikely to move LYFT materially in the near term. Read More.
• Neutral Sentiment: Automated data points about short interest in March appear anomalous/zeroed in reporting; treat that data as unreliable until clarified. This reduces clarity on positioning risk for the stock. (Multiple March filings referenced)
• Negative Sentiment: Local regulatory proposals (coverage noting Lyft and Uber say costs would be passed to customers under Mayor Parker’s proposal) highlight potential for higher fares or regulatory complexity; higher end prices can dampen demand and hurt volume over time. Read More.
• Negative Sentiment: Recent market commentary and tape shows LYFT lagging the broader market with a modest dip in recent sessions; near-term sentiment appears cautious as investors weigh rising fuel costs, competitive moves, and profitability path. Read More.

Insider Activity

In other Lyft news, insider Lindsay Catherine Llewellyn sold 23,661 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $13.30, for a total transaction of $314,691.30. Following the completion of the sale, the insider directly owned 696,850 shares in the company, valued at approximately $9,268,105. This trade represents a 3.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 5,284 shares of Lyft stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $13.83, for a total value of $73,077.72. Following the completion of the sale, the chief accounting officer owned 300,570 shares of the company’s stock, valued at $4,156,883.10. The trade was a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 31,038 shares of company stock worth $416,841 over the last three months. 3.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on LYFT. Mizuho lowered their price objective on shares of Lyft from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Roth Mkm set a $22.00 price objective on Lyft in a report on Wednesday, February 11th. Cantor Fitzgerald lowered their target price on shares of Lyft from $21.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Arete Research set a $20.00 price target on Lyft and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Lyft in a report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.62.

About Lyft

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.