Signaturefd LLC increased its holdings in LYFT Inc (NASDAQ:LYFT) by 99,900.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the ride-sharing company’s stock after acquiring an additional 2,997 shares during the quarter. Signaturefd LLC’s holdings in LYFT were worth $123,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Valeo Financial Advisors LLC lifted its stake in LYFT by 37.6% in the third quarter. Valeo Financial Advisors LLC now owns 1,097 shares of the ride-sharing company’s stock worth $45,000 after acquiring an additional 300 shares during the period. L & S Advisors Inc lifted its stake in LYFT by 2.4% in the second quarter. L & S Advisors Inc now owns 13,308 shares of the ride-sharing company’s stock worth $874,000 after acquiring an additional 313 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in LYFT in the first quarter worth about $39,000. RPG Investment Advisory LLC lifted its stake in LYFT by 500.0% in the second quarter. RPG Investment Advisory LLC now owns 600 shares of the ride-sharing company’s stock worth $38,000 after acquiring an additional 500 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in LYFT in the second quarter worth about $34,000. 34.55% of the stock is owned by institutional investors.
Shares of NASDAQ:LYFT opened at $40.79 on Monday. LYFT Inc has a twelve month low of $37.07 and a twelve month high of $88.60. The company’s 50 day moving average is $43.40 and its 200 day moving average is $55.64. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.09.
LYFT (NASDAQ:LYFT) last issued its quarterly earnings results on Wednesday, August 7th. The ride-sharing company reported ($0.68) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.66) by $0.98. The business had revenue of $867.30 million during the quarter, compared to analyst estimates of $809.64 million. The company’s revenue was up 71.8% on a year-over-year basis. As a group, research analysts expect that LYFT Inc will post -11.38 earnings per share for the current fiscal year.
In related news, EVP Ran I. Makavy sold 35,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $46.51, for a total value of $1,627,850.00. Also, EVP Ran I. Makavy sold 70,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $52.11, for a total transaction of $3,647,700.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,000 shares of company stock worth $5,563,370.
A number of analysts recently weighed in on LYFT shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price objective on shares of LYFT in a research note on Thursday, August 8th. Barclays boosted their target price on shares of LYFT from $55.00 to $63.00 and gave the stock a “positive” rating in a report on Thursday, August 8th. Wells Fargo & Co assumed coverage on shares of LYFT in a report on Thursday, September 26th. They issued an “outperform” rating and a $60.00 target price for the company. Zacks Investment Research upgraded shares of LYFT from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Monness Crespi & Hardt assumed coverage on shares of LYFT in a report on Monday, July 1st. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have assigned a buy rating to the stock. LYFT presently has an average rating of “Buy” and an average price target of $71.15.
LYFT Company Profile
Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.
See Also: Straddles
Want to see what other hedge funds are holding LYFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LYFT Inc (NASDAQ:LYFT).
Receive News & Ratings for LYFT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LYFT and related companies with MarketBeat.com's FREE daily email newsletter.