Knollwood Investment Advisory LLC Decreases Stock Position in Lyft, Inc. $LYFT

Knollwood Investment Advisory LLC trimmed its position in shares of Lyft, Inc. (NASDAQ:LYFT) by 11.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 400,000 shares of the ride-sharing company’s stock after selling 50,000 shares during the quarter. Lyft makes up approximately 0.8% of Knollwood Investment Advisory LLC’s investment portfolio, making the stock its 27th largest position. Knollwood Investment Advisory LLC owned about 0.10% of Lyft worth $8,804,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Lyft by 144.9% during the 2nd quarter. AQR Capital Management LLC now owns 24,009,925 shares of the ride-sharing company’s stock worth $378,396,000 after purchasing an additional 14,205,143 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Lyft by 479.1% in the third quarter. Victory Capital Management Inc. now owns 3,580,564 shares of the ride-sharing company’s stock valued at $78,808,000 after buying an additional 2,962,266 shares during the last quarter. Norges Bank purchased a new position in shares of Lyft in the second quarter worth about $44,209,000. Marshall Wace LLP lifted its stake in shares of Lyft by 75.7% in the second quarter. Marshall Wace LLP now owns 5,464,934 shares of the ride-sharing company’s stock worth $86,127,000 after buying an additional 2,353,769 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in Lyft during the third quarter worth about $41,381,000. 83.07% of the stock is owned by institutional investors and hedge funds.

Lyft News Summary

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft announced a major AI/AV tie-up with NVIDIA to use Agentic AI, NVIDIA DRIVE Hyperion and other NVIDIA technologies to upgrade mapping, machine‑learning systems and accelerate Level‑4 autonomous fleet plans — a strategic tech partnership that can improve long‑term margins and credibility in autonomous mobility. Lyft to make rides smarter and more efficient through Agentic AI
• Positive Sentiment: S&P Dow Jones announced Lyft will be added to the S&P SmallCap 600 effective before market open on March 23 — index inclusion typically creates pre‑rebalance buying from passive and benchmarked funds, which can lift shares in the run‑up to the effective date. Lyft jumps as traders position for upcoming S&P SmallCap 600 addition
• Neutral Sentiment: Local promotions and partnerships (free rides/home‑safe programs for St. Patrick’s Day in some cities; extended discounted rides at the Houston Livestock Show & Rodeo) boost near‑term trip volume and PR but are unlikely to move fundamentals materially. Free Lyft rides home available on St. Patrick’s Day Houston law firm extends discounted offer for Lyft rides
• Negative Sentiment: Lyft agreed to a nationwide settlement over alleged driver discrimination against riders with service animals; the deal requires policy changes, driver training and three years of external compliance oversight — a potential recurring cost and reputational risk that investors should factor into legal/compliance expense outlooks. Lyft Settlement Over Service Animals Reshapes Compliance And Investor Risk View
• Negative Sentiment: Lyft was among companies questioned by the U.S. House Oversight Committee about possible AI‑driven surveillance and pricing practices — increased regulatory scrutiny of AI and pricing models could lead to oversight, fines or business restrictions over time. Lyft among companies questioned by US House Oversight Committee

Insider Activity

In other Lyft news, insider Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $13.30, for a total value of $314,691.30. Following the sale, the insider owned 696,850 shares in the company, valued at $9,268,105. The trade was a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jill Beggs sold 2,093 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $13.89, for a total value of $29,071.77. Following the completion of the transaction, the director directly owned 32,185 shares in the company, valued at approximately $447,049.65. This trade represents a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 31,038 shares of company stock valued at $416,841. 3.07% of the stock is currently owned by company insiders.

Lyft Stock Performance

NASDAQ:LYFT opened at $13.55 on Tuesday. The company’s 50-day moving average is $15.83 and its two-hundred day moving average is $18.83. Lyft, Inc. has a 1-year low of $9.66 and a 1-year high of $25.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 1.99, a PEG ratio of 0.79 and a beta of 1.92.

Lyft declared that its board has approved a share buyback plan on Tuesday, February 10th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the ride-sharing company to reacquire up to 15.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on LYFT shares. Evercore set a $21.00 price objective on shares of Lyft in a research note on Wednesday, February 11th. KeyCorp restated a “sector weight” rating on shares of Lyft in a report on Wednesday, February 11th. Piper Sandler restated an “overweight” rating on shares of Lyft in a research report on Wednesday, February 11th. Truist Financial cut their price target on Lyft from $23.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. Finally, Jefferies Financial Group reduced their price objective on Lyft from $20.00 to $15.50 and set a “hold” rating on the stock in a research report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.63.

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.