Lyft, Inc. $LYFT Stock Sold by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC reduced its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 44.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,000 shares of the ride-sharing company’s stock after selling 125,500 shares during the period. Hohimer Wealth Management LLC’s holdings in Lyft were worth $2,402,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Wedmont Private Capital lifted its stake in shares of Lyft by 5.0% in the 3rd quarter. Wedmont Private Capital now owns 13,517 shares of the ride-sharing company’s stock valued at $218,000 after purchasing an additional 642 shares during the period. BOKF NA increased its holdings in Lyft by 4.7% in the third quarter. BOKF NA now owns 15,360 shares of the ride-sharing company’s stock worth $231,000 after purchasing an additional 695 shares in the last quarter. Nicollet Investment Management Inc. increased its holdings in Lyft by 2.0% in the third quarter. Nicollet Investment Management Inc. now owns 50,501 shares of the ride-sharing company’s stock worth $758,000 after purchasing an additional 999 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Lyft by 5.8% in the third quarter. Evergreen Capital Management LLC now owns 19,742 shares of the ride-sharing company’s stock valued at $296,000 after buying an additional 1,077 shares during the period. Finally, SBI Securities Co. Ltd. lifted its stake in Lyft by 3.2% in the third quarter. SBI Securities Co. Ltd. now owns 35,758 shares of the ride-sharing company’s stock valued at $537,000 after buying an additional 1,104 shares during the period. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Stephen W. Hope sold 5,982 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $17.34, for a total value of $103,727.88. Following the transaction, the chief accounting officer directly owned 299,974 shares in the company, valued at $5,201,549.16. This trade represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,307 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $17.34, for a total value of $40,003.38. Following the completion of the transaction, the director owned 46,238 shares in the company, valued at approximately $801,766.92. This represents a 4.75% 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. Over the last 90 days, insiders have sold 61,586 shares of company stock valued at $1,024,326. Corporate insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Lyft from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $17.00 price objective on shares of Lyft in a research note on Monday, August 10th. Evercore set a $23.00 target price on shares of Lyft in a research report on Friday. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 target price on shares of Lyft in a research report on Friday. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Lyft in a research note on Friday. Ten equities research 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.89.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft introduced Lyft Go, a membership program offering 8% back on rides and orders. The offer could encourage repeat use and increase customer engagement. Lyft launches Lyft Go membership
• Positive Sentiment: Another analyst price-target update raised its target to $18, which may signal some confidence in Lyft’s valuation, though the article headline does not identify the analyst. Lyft price target raised to $18
• Neutral Sentiment: Lyft’s third-quarter 2026 revenue rose 8.1%, with record rides, higher gross bookings and improving EBITDA indicating operating momentum. However, earnings and revenue missed analyst estimates, and shares were reported down 4.2% since the release. LYFT shares decline since third-quarter earnings
• Neutral Sentiment: Canaccord Genuity raised its price target from $16 to $17 but maintained a “hold” rating, suggesting limited near-term upside in its view. Canaccord Genuity recommendations
• Negative Sentiment: The U.S. government sued Lyft, alleging it denied rides to passengers with service dogs and wheelchairs. The case could bring legal costs, reputational damage or other consequences; these are allegations, not established findings. U.S. sues Lyft over alleged denial of rides U.S. sues Lyft over alleged discrimination
• Negative Sentiment: Fox Advisors downgraded Lyft from “overweight” to “equal weight,” while Scotiabank cut its price target, adding to analyst concerns. Fox Advisors recommendations Scotiabank cuts Lyft price target

Lyft Price Performance

Shares of Lyft stock opened at $16.76 on Tuesday. Lyft, Inc. has a one year low of $12.46 and a one year high of $25.54. The business has a 50-day simple moving average of $16.18 and a 200 day simple moving average of $15.12. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.33.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings results on Thursday, November 5th. The ride-sharing company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.92 billion. Lyft had a negative return on equity of 1.20% and a net margin of 42.32%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. As a group, analysts anticipate that Lyft, Inc. will post 0.81 earnings per share for the current fiscal year.

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.

Lyft was founded in 2012 by Logan Green and John Zimmer.