Lyft, Inc. $LYFT Stock Sold by CenterBook Partners LP

CenterBook Partners LP trimmed its position in shares of Lyft, Inc. (NASDAQ:LYFT) by 32.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 60,426 shares of the ride-sharing company’s stock after selling 29,659 shares during the quarter. CenterBook Partners LP’s holdings in Lyft were worth $907,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Altshuler Shaham Ltd boosted its stake in Lyft by 51.6% in the first quarter. Altshuler Shaham Ltd now owns 7,662,027 shares of the ride-sharing company’s stock worth $101,905,000 after buying an additional 2,607,417 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lyft by 58.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,720,478 shares of the ride-sharing company’s stock valued at $89,360,000 after acquiring an additional 2,467,010 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Lyft by 250.0% during the first quarter. Principal Financial Group Inc. now owns 4,246,519 shares of the ride-sharing company’s stock worth $56,479,000 after acquiring an additional 3,033,333 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Lyft by 62.2% during the first quarter. Pacer Advisors Inc. now owns 3,189,313 shares of the ride-sharing company’s stock worth $42,418,000 after acquiring an additional 1,223,536 shares in the last quarter. Finally, Junto Capital Management LP purchased a new position in shares of Lyft during the second quarter worth approximately $36,926,000. Institutional investors own 83.07% of the company’s stock.

Insiders Place Their Bets

In other Lyft news, CFO Erin Brewer sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $14.64, for a total value of $219,600.00. Following the transaction, the chief financial officer owned 837,303 shares in the company, valued at approximately $12,258,115.92. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Llewellyn sold 13,204 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $16.64, for a total transaction of $219,714.56. Following the transaction, the insider directly owned 781,152 shares of the company’s stock, valued at approximately $12,998,369.28. This trade represents a 1.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 61,586 shares of company stock worth $1,024,326. 0.92% of the stock is currently owned by insiders.

Lyft Stock Performance

Shares of LYFT stock opened at $17.02 on Wednesday. The company has a market capitalization of $6.44 billion, a P/E ratio of 2.53, a PEG ratio of 1.04 and a beta of 2.06. Lyft, Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $25.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.60. The stock has a 50 day moving average price of $16.18 and a two-hundred day moving average price of $15.11.

Lyft (NASDAQ:LYFT) last issued its earnings results on Thursday, November 5th. The ride-sharing company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Lyft had a return on equity of 1.25% and a net margin of 40.67%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts expect that Lyft, Inc. will post 0.81 earnings per share for the current year.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft’s third-quarter revenue rose 8.1%, with record rides, higher gross bookings and improving adjusted EBITDA indicating operating momentum, despite an earnings setback. Zacks article
• Positive Sentiment: Lyft launched Lyft Go, a membership offering 8% back on rides and orders, which could support customer loyalty and spending. Lyft Go article
• Neutral Sentiment: Lyft’s CEO is scheduled to participate in a fireside chat at the 2026 RBC Capital Markets conference; no specific new business or financial guidance was reported. Conference announcement
• Negative Sentiment: The DOJ sued Lyft, alleging the company and its drivers routinely denied rides to people using stowable wheelchairs or traveling with service animals, in violation of the Americans with Disabilities Act. The government is seeking $53 million; Lyft disputes the allegations. The suit could bring legal costs, penalties and reputational damage. Department of Justice announcement
• Negative Sentiment: Analyst sentiment was mixed to cautious: Fox Advisors downgraded Lyft to “equal weight,” while Canaccord raised its price target to $17 from $16 but retained a “hold” rating. Recent coverage also noted Lyft’s quarterly earnings miss. Coverage of the lawsuit

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America raised shares of Lyft from an “underperform” rating to a “buy” rating in a research note on Friday, August 7th. Cantor Fitzgerald decreased their target price on shares of Lyft from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Canaccord Genuity Group lifted their target price on shares of Lyft from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday. Raymond James Financial reissued a “market perform” rating on shares of Lyft in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $17.00 price target on shares of Lyft in a research report on Monday, August 10th. Ten analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lyft has an average rating of “Hold” and a consensus price target of $18.89.

Lyft Profile

Lyft operates a mobile platform that connects people seeking transportation with drivers who provide rides. Through its app, customers can request on-demand trips, schedule rides in advance, and access other ride options where available. The company also offers Lyft Pink, a membership program with benefits for eligible rides and services. Lyft provides transportation programs for businesses and organizations through Lyft Business, including tools for arranging and managing rides. The company’s platform primarily serves markets in the United States and Canada.