Lyft, Inc. $LYFT Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp grew its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 35.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,267 shares of the ride-sharing company’s stock after purchasing an additional 33,400 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Lyft were worth $1,693,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its stake in Lyft by 23.2% in the third quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock valued at $75,000 after buying an additional 639 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Lyft by 5.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock worth $248,000 after purchasing an additional 681 shares during the period. Allegiance Financial Group Advisory Services LLC lifted its holdings in 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 purchasing an additional 756 shares during the period. Public Employees Retirement System of Ohio increased its stake in Lyft by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock valued at $3,684,000 after buying an additional 771 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Lyft by 34.7% during the 4th quarter. GAMMA Investing LLC now owns 3,279 shares of the ride-sharing company’s stock worth $64,000 after buying an additional 845 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft is renaming its Bay Wheels bike-rental service Lyft Bike, expanding the system and extending its operating contract. The move strengthens Lyft’s multimodal transportation offerings and could create additional usage and partnership opportunities. Lyft changes name of bike-rental service to Lyft Bike while expanding system and extending contract
• Positive Sentiment: Lyft and Baidu have begun testing autonomous vehicles in London through Lyft’s partnership with Baidu and Freenow. The tests position Lyft for potential future robotaxi deployments and give the company exposure to a major emerging mobility market. Lyft and Baidu enter London’s robotaxi battleground as testing begins
• Positive Sentiment: Alaska Airlines CEO Ben Minicucci has joined Lyft’s board, potentially supporting future collaboration between ride-hailing and air-travel services, including airport transportation. Alaska Airlines CEO appointed to Lyft’s board of directors
• Neutral Sentiment: RiverStone completed a loss-portfolio-transfer transaction with a Lyft unit. The deal may reduce insurance-related exposure, although its direct effect on Lyft’s earnings and valuation is unclear. RiverStone completes LPT deal with Lyft unit
• Neutral Sentiment: Director Benito Minicucci received 15,454 restricted stock units. The award aligns an executive with shareholders but represents equity compensation rather than an open-market purchase. Lyft Director Benito Minicucci Receives Restricted Stock Units
• Negative Sentiment: Analysts’ average recommendation remains “Hold,” suggesting limited conviction that Lyft will outperform in the near term. Lyft receives average Hold recommendation
• Negative Sentiment: Coverage highlights that Lyft’s recent trade has worked, but a broader valuation re-rating has not occurred, reflecting skepticism about catalysts and sustained upside. Lyft: The Trade Worked, But The Re-rating Has Yet To Arrive
• Negative Sentiment: Reports about new competitor Throo and efforts by Uber rivals to gain market share underscore continuing competitive pressure in ride-hailing. Can Throo Compete With Uber and Lyft?

Insider Buying and Selling

In related news, insider Lindsay Catherine Llewellyn sold 11,491 shares of Lyft stock in a transaction on Monday, June 1st. The stock was sold at an average price of $15.00, for a total value of $172,365.00. Following the transaction, the insider directly owned 853,731 shares in the company, valued at $12,805,965. The trade was a 1.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 business’s stock in a transaction 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 sale, the director directly owned 30,092 shares in the company, valued at $414,065.92. This trade represents 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. In the last 90 days, insiders sold 45,535 shares of company stock valued at $637,456. 0.92% of the stock is owned by insiders.

Lyft Stock Down 0.1%

LYFT stock opened at $15.44 on Thursday. Lyft, Inc. has a 12 month low of $12.46 and a 12 month high of $25.54. The firm has a market cap of $5.86 billion, a PE ratio of 2.25, a P/E/G ratio of 0.92 and a beta of 1.80. The firm has a 50 day simple moving average of $14.58 and a 200 day simple moving average of $14.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58.

Lyft (NASDAQ:LYFT) last posted its quarterly 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). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 EPS. Equities research analysts forecast that Lyft, Inc. will post 0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

LYFT has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price objective on shares of Lyft from $15.00 to $15.50 and gave the company a “hold” rating in a research note on Tuesday, July 14th. DA Davidson cut their target price on Lyft from $19.00 to $14.50 and set a “neutral” rating for the company in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lyft in a research note on Wednesday, May 6th. Royal Bank Of Canada lowered their price target on Lyft from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Lyft from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.40.

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.