Nicollet Investment Management Inc. acquired a new stake in shares of Lyft, Inc. (NASDAQ:LYFT – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,853 shares of the ride-sharing company’s stock, valued at approximately $927,000.
Several other large investors have also recently made changes to their positions in LYFT. AQR Capital Management LLC boosted its stake in Lyft by 7.4% during the third quarter. AQR Capital Management LLC now owns 25,783,363 shares of the ride-sharing company’s stock valued at $567,492,000 after buying an additional 1,773,438 shares during the last quarter. Norges Bank bought a new position in shares of Lyft during the 4th quarter valued at approximately $109,987,000. Swedbank AB purchased a new position in shares of Lyft in the fourth quarter valued at $108,472,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Lyft by 1.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,914,553 shares of the ride-sharing company’s stock valued at $108,169,000 after purchasing an additional 84,375 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Lyft by 9.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,336,110 shares of the ride-sharing company’s stock worth $95,459,000 after purchasing an additional 381,461 shares during the last quarter. 83.07% of the stock is owned by institutional investors.
Key Headlines Impacting Lyft
Here are the key news stories impacting Lyft this week:
- Positive Sentiment: Lyft and Baidu plan to begin testing robotaxis in London, a sign the company is continuing to invest in autonomous-vehicle partnerships that could support future growth. Lyft, Baidu to start testing robotaxis in London
- Positive Sentiment: Analysts continue to characterize Lyft as a “Hold,” and one value-focused piece suggested the stock may be undervalued after recent weakness, indicating some investors see potential upside from the current valuation. Is Lyft Inc (LYFT) a Bargain After 3.4% Drop? GF Value Says Undervalued
Analyst Ratings Changes
Get Our Latest Stock Analysis on Lyft
Lyft Trading Down 3.5%
LYFT stock opened at $13.39 on Thursday. 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 $5.08 billion, a price-to-earnings ratio of 1.95, a price-to-earnings-growth ratio of 0.86 and a beta of 1.82. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $13.88 and its two-hundred day simple moving average is $15.96.
Lyft (NASDAQ:LYFT – Get Free Report) last released its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.26). Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the business posted $0.01 EPS. Lyft’s revenue was up 17.2% compared to the same quarter last year. As a group, analysts anticipate that Lyft, Inc. will post 0.66 earnings per share for the current year.
Insider Buying and Selling
In other news, insider Lindsay Catherine Llewellyn sold 11,491 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $15.00, for a total transaction of $172,365.00. Following the transaction, the insider owned 853,731 shares of the company’s stock, valued at approximately $12,805,965. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total value of $28,799.68. Following the completion of the sale, the director owned 30,092 shares in the company, valued at approximately $414,065.92. The trade was a 6.50% 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. Insiders have sold 54,196 shares of company stock valued at $788,521 in the last ninety days. 0.92% of the stock is owned by company insiders.
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.
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