Nordea Investment Management AB Sells 74,971 Shares of Lyft, Inc. $LYFT

Nordea Investment Management AB reduced its holdings in Lyft, Inc. (NASDAQ:LYFT) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 519,327 shares of the ride-sharing company’s stock after selling 74,971 shares during the period. Nordea Investment Management AB’s holdings in Lyft were worth $10,010,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LYFT. Quent Capital LLC purchased a new stake in Lyft in the 3rd quarter worth about $34,000. Abich Financial Wealth Management LLC purchased a new position in Lyft during the 3rd quarter worth $50,000. CI Investments Inc. raised its holdings in shares of Lyft by 39.1% in the third quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock valued at $51,000 after acquiring an additional 653 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of Lyft in the 3rd quarter valued at about $54,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Lyft in the third quarter worth approximately $55,000. Institutional investors own 83.07% of the company’s stock.

Lyft Trading Up 0.8%

Shares of Lyft stock opened at $13.26 on Thursday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 1.94, a PEG ratio of 0.79 and a beta of 1.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.65. Lyft, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $25.54. The stock has a 50 day moving average of $14.99 and a 200 day moving average of $18.66.

Lyft declared that its board has initiated 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 an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley set a $17.00 target price on shares of Lyft in a research report on Wednesday, February 11th. Susquehanna reiterated a “neutral” rating and issued a $15.00 target price on shares of Lyft in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft cut their price target on Lyft from $25.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, February 11th. Wedbush cut their target price on shares of Lyft from $16.00 to $13.00 and set an “underperform” rating for the company in a report on Wednesday, February 11th. Finally, Guggenheim cut their price target on Lyft from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Lyft has a consensus rating of “Hold” and a consensus price target of $19.62.

Key Stories Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft rolled out a temporary driver-relief/cashback program to offset rising U.S. fuel costs — extra 2% cashback for Elite drivers and 1% for Gold/Platinum on Lyft Direct card for 60 days. This should help protect driver supply, reduce churn, and support trip availability and service levels. Read More.
• Positive Sentiment: Multiple outlets covered the driver relief program, increasing visibility and investor attention to Lyft’s cost-of-living support measures for gig workers. Broader coverage may temper investor concerns about driver earnings. Read More.
• Positive Sentiment: Lyft extended a six-year strategic partnership with MapUp to power toll intelligence (upfront pricing and automated toll reimbursements). Operational tools that reduce surprise fees and automate reimbursements can improve driver economics and user experience, supporting margin and retention. Read More.
• Neutral Sentiment: Consumer stocks were generally higher late in the session, offering a supportive market backdrop for Lyft as a consumer-facing mobility play; sector breadth may provide temporary tailwinds but isn’t company-specific. Read More.
• Neutral Sentiment: Coverage and longer-form pieces on ridesharing’s societal effects and competitors (e.g., Wheely expanding in NYC) provide context on market dynamics and niche competition but are unlikely to move LYFT materially in the near term. Read More.
• Neutral Sentiment: Automated data points about short interest in March appear anomalous/zeroed in reporting; treat that data as unreliable until clarified. This reduces clarity on positioning risk for the stock. (Multiple March filings referenced)
• Negative Sentiment: Local regulatory proposals (coverage noting Lyft and Uber say costs would be passed to customers under Mayor Parker’s proposal) highlight potential for higher fares or regulatory complexity; higher end prices can dampen demand and hurt volume over time. Read More.
• Negative Sentiment: Recent market commentary and tape shows LYFT lagging the broader market with a modest dip in recent sessions; near-term sentiment appears cautious as investors weigh rising fuel costs, competitive moves, and profitability path. Read More.

Insider Buying and Selling at Lyft

In other news, Director Jill Beggs sold 2,093 shares of the firm’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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen W. Hope sold 5,284 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $13.83, for a total value of $73,077.72. Following the sale, the chief accounting officer owned 300,570 shares of the company’s stock, valued at approximately $4,156,883.10. The trade was a 1.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 31,038 shares of company stock valued at $416,841 in the last three months. 3.07% of the stock is owned by corporate insiders.

Lyft 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.