WINTON GROUP Ltd Takes $825,000 Position in Lyft, Inc. $LYFT

WINTON GROUP Ltd purchased a new stake in shares of Lyft, Inc. (NASDAQ:LYFT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 42,600 shares of the ride-sharing company’s stock, valued at approximately $825,000.

Several other institutional investors also recently modified their holdings of LYFT. Norges Bank purchased a new stake in shares of Lyft during the fourth quarter valued at $109,987,000. Swedbank AB purchased a new position in Lyft in the 4th quarter worth approximately $108,472,000. Victory Capital Management Inc. lifted its holdings in Lyft by 479.1% in the 3rd quarter. Victory Capital Management Inc. now owns 3,580,564 shares of the ride-sharing company’s stock worth $78,808,000 after purchasing an additional 2,962,266 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Lyft by 7.4% in the 3rd quarter. AQR Capital Management LLC now owns 25,783,363 shares of the ride-sharing company’s stock worth $567,492,000 after purchasing an additional 1,773,438 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Lyft by 134.0% in the 3rd quarter. Invesco Ltd. now owns 2,491,790 shares of the ride-sharing company’s stock worth $54,844,000 after purchasing an additional 1,426,860 shares in the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lyft

In related news, insider Lindsay Catherine Llewellyn sold 23,661 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $15.00, for a total transaction of $354,915.00. Following the transaction, the insider directly owned 916,022 shares of the company’s stock, valued at $13,740,330. This represents a 2.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen W. Hope sold 5,460 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total value of $75,129.60. Following the transaction, the chief accounting officer directly owned 335,463 shares in the company, valued at $4,615,970.88. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 54,196 shares of company stock valued at $788,521. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

LYFT has been the topic of a number of research reports. Mizuho reduced their price objective on Lyft from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Lyft in a research note on Wednesday, February 11th. KeyCorp reissued a “sector weight” rating on shares of Lyft in a research report on Wednesday, February 11th. Susquehanna restated a “neutral” rating and set a $15.00 price objective on shares of Lyft in a report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Lyft from $25.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Lyft currently has an average rating of “Hold” and an average target price of $18.83.

Lyft Price Performance

Shares of LYFT stock opened at $13.87 on Wednesday. Lyft, Inc. has a twelve month low of $12.46 and a twelve month high of $25.54. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 2.02, a P/E/G ratio of 0.87 and a beta of 1.82. The stock has a fifty day simple moving average of $13.87 and a two-hundred day simple moving average of $16.01. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33.

Lyft (NASDAQ:LYFT) last released its quarterly earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.26). The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The company’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, analysts predict that Lyft, Inc. will post 0.66 EPS for the current fiscal year.

Lyft declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 10th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the ride-sharing company to purchase up to 15.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Lyft Company Profile

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.