Hsbc Holdings PLC Has $12.28 Million Stock Holdings in Lyft, Inc. $LYFT

Hsbc Holdings PLC boosted its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 161.0% in the fourth quarter, Holdings Channel reports. The firm owned 635,593 shares of the ride-sharing company’s stock after purchasing an additional 392,053 shares during the quarter. Hsbc Holdings PLC’s holdings in Lyft were worth $12,280,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in shares of Lyft by 13.7% in the 1st quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock worth $287,000 after buying an additional 2,921 shares in the last quarter. Focus Partners Wealth boosted its stake in Lyft by 44.0% in the 1st quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock valued at $607,000 after buying an additional 15,621 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Lyft in the 2nd quarter valued at $470,000. Invesco Ltd. grew its position in Lyft by 87.5% in the second quarter. Invesco Ltd. now owns 1,064,930 shares of the ride-sharing company’s stock valued at $16,783,000 after acquiring an additional 497,118 shares during the period. Finally, California Public Employees Retirement System grew its position in Lyft by 12.6% in the second quarter. California Public Employees Retirement System now owns 709,188 shares of the ride-sharing company’s stock valued at $11,177,000 after acquiring an additional 79,634 shares during the period. 83.07% of the stock is owned by institutional investors and hedge funds.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft shares got a lift after reports that strong Prime Day sales data and falling Treasury yields improved sentiment toward digital platforms, helping push the stock higher intraday. Why Is Lyft (LYFT) Stock Rocketing Higher Today
• Positive Sentiment: Tigress Financial reaffirmed its Buy rating on Lyft and set a $28 price target, signaling meaningful upside from current levels. Benzinga report on Tigress Financial rating
• Positive Sentiment: Lyft announced new multi-sensor safety standards for autonomous vehicles, which could improve its positioning with regulators and AV partners over the long term. Lyft Sets New Multi Sensor Safety Rules For Autonomous Vehicles
• Positive Sentiment: Boston’s new pilot program allowing taxi drivers to accept Uber and Lyft ride requests may modestly support ride availability and network usage in that market. Boston taxi drivers can now accept Uber, Lyft ride requests under terms of new pilot program, city says
• Neutral Sentiment: Lyft is expanding a local transit-related presence in El Dorado, but the near-term financial impact is unclear. Lyft driving coming to El Dorado
• Neutral Sentiment: Short-interest data showed no meaningful change because reported shares were zero, so it does not provide a clear trading signal.
• Negative Sentiment: Lyft underperformed the broader market in the latest session, reflecting selling pressure and a weaker short-term trading tone. Lyft Suffers a Larger Drop Than the General Market: Key Insights

Insider Activity at Lyft

In other Lyft news, Director Jill Beggs sold 2,093 shares of the business’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 $28,799.68. Following the completion of the transaction, the director directly owned 30,092 shares of the company’s stock, valued at approximately $414,065.92. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 that occurred on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total transaction of $75,129.60. Following the transaction, the chief accounting officer owned 335,463 shares in the company, valued at $4,615,970.88. The trade was 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. Insiders have sold 69,196 shares of company stock worth $992,371 in the last 90 days. Corporate insiders own 0.92% of the company’s stock.

Lyft Price Performance

Lyft stock opened at $14.08 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $5.35 billion, a P/E ratio of 2.06, a P/E/G ratio of 0.85 and a beta of 1.82. The business’s fifty day moving average is $14.02 and its two-hundred day moving average is $15.42. Lyft, Inc. has a 52 week low of $12.46 and a 52 week high of $25.54.

Lyft (NASDAQ:LYFT) last announced its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business posted $0.01 earnings per share. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. Equities research analysts forecast that Lyft, Inc. will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LYFT shares. Truist Financial boosted their target price on shares of Lyft from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Oppenheimer began coverage on shares of Lyft in a research report on Wednesday, June 17th. They set an “outperform” rating for the company. DA Davidson cut their price target on shares of Lyft from $19.00 to $14.50 and set a “neutral” rating for the company in a report on Monday, May 18th. Guggenheim restated a “buy” rating on shares of Lyft in a research report on Wednesday, June 10th. Finally, Morgan Stanley raised shares of Lyft from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 17th. Thirteen investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Lyft currently has an average rating of “Hold” and a consensus price target of $19.23.

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.