Lyft (NASDAQ:LYFT) Insider Lindsay Catherine Llewellyn Sells 13,204 Shares of Stock

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Llewellyn sold 13,204 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $16.64, for a total value of $219,714.56. Following the transaction, the insider owned 781,152 shares of the company’s stock, valued at $12,998,369.28. The trade was a 1.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lindsay Catherine Llewellyn also recently made the following trade(s):

• On Monday, August 3rd, Lindsay Llewellyn sold 36,214 shares of Lyft stock. The shares were sold at an average price of $16.14, for a total transaction of $584,493.96.

Lyft Stock Performance

NASDAQ:LYFT traded down $0.07 on Thursday, reaching $17.28. 8,780,955 shares of the company’s stock were exchanged, compared to its average volume of 11,082,178. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 2.51, a P/E/G ratio of 1.07 and a beta of 1.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a fifty day simple moving average of $16.18 and a 200-day simple moving average of $14.61. Lyft, Inc. has a 52 week low of $12.46 and a 52 week high of $25.54.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, sell-side analysts predict that Lyft, Inc. will post 0.73 earnings per share for the current year.

Institutional Trading of Lyft

A number of hedge funds have recently bought and sold shares of LYFT. Brown Brothers Harriman & Co. lifted its holdings in shares of Lyft by 23.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock worth $75,000 after acquiring an additional 639 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Lyft by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock valued at $248,000 after buying an additional 681 shares during the last quarter. Allegiance Financial Group Advisory Services LLC increased its holdings in shares of Lyft by 4.3% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock worth $352,000 after buying an additional 756 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Lyft by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock worth $3,684,000 after buying an additional 771 shares during the period. Finally, AlphaQuest LLC boosted its holdings in Lyft by 1.0% during the 4th quarter. AlphaQuest LLC now owns 89,753 shares of the ride-sharing company’s stock valued at $1,739,000 after acquiring an additional 854 shares during the period. Institutional investors own 83.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup began coverage on Lyft in a research note on Wednesday, June 17th. They set a “buy” rating on the stock. BTIG Research raised shares of Lyft from a “neutral” rating to a “buy” rating in a report on Wednesday, June 17th. Morgan Stanley raised their price objective on shares of Lyft from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. upped their target price on shares of Lyft from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company upped their price target on shares of Lyft from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lyft currently has a consensus rating of “Hold” and an average target price of $19.77.

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.