Savant Capital LLC Acquires 187,625 Shares of Lyft, Inc. $LYFT

Savant Capital LLC boosted its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 78.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 427,813 shares of the ride-sharing company’s stock after buying an additional 187,625 shares during the quarter. Savant Capital LLC owned about 0.10% of Lyft worth $6,742,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LYFT. Vanguard Group Inc. increased its holdings in shares of Lyft by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 38,049,250 shares of the ride-sharing company’s stock valued at $451,645,000 after acquiring an additional 2,046,639 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Lyft by 26.3% in the 1st quarter. Ameriprise Financial Inc. now owns 24,849,205 shares of the ride-sharing company’s stock worth $294,978,000 after purchasing an additional 5,178,118 shares during the last quarter. Rakuten Group Inc. bought a new stake in Lyft during the first quarter worth approximately $130,434,000. AQR Capital Management LLC grew its holdings in Lyft by 103.3% during the first quarter. AQR Capital Management LLC now owns 9,804,782 shares of the ride-sharing company’s stock valued at $110,598,000 after purchasing an additional 4,980,876 shares during the last quarter. Finally, Invenomic Capital Management LP grew its holdings in Lyft by 75.2% during the first quarter. Invenomic Capital Management LP now owns 3,587,553 shares of the ride-sharing company’s stock valued at $42,584,000 after purchasing an additional 1,539,388 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LYFT has been the subject of a number of analyst reports. Zephirin Group boosted their price objective on shares of Lyft from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday. Wedbush lifted their target price on shares of Lyft from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday. Susquehanna boosted their target price on shares of Lyft from $14.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday. Cowen restated a “buy” rating on shares of Lyft in a report on Thursday. Finally, Canaccord Genuity Group raised their price target on Lyft from $11.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.55.

Insider Activity at Lyft

In other news, CEO John David Risher acquired 5,926 shares of Lyft stock in a transaction on Wednesday, September 3rd. The stock was bought at an average price of $16.88 per share, for a total transaction of $100,030.88. Following the transaction, the chief executive officer owned 11,797,266 shares of the company’s stock, valued at $199,137,850.08. The trade was a 0.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Erin Brewer sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $17.24, for a total value of $258,600.00. Following the sale, the chief financial officer owned 525,759 shares in the company, valued at approximately $9,064,085.16. This represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 74,427 shares of company stock worth $1,252,686. Company insiders own 3.07% of the company’s stock.

Lyft Price Performance

NASDAQ:LYFT opened at $22.04 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.72 and a quick ratio of 0.70. Lyft, Inc. has a one year low of $9.66 and a one year high of $23.50. The company has a fifty day moving average price of $20.29 and a 200 day moving average price of $16.86. The stock has a market cap of $8.96 billion, a P/E ratio of 58.00, a PEG ratio of 3.86 and a beta of 2.36.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings results on Wednesday, November 5th. The ride-sharing company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.17). Lyft had a return on equity of 18.29% and a net margin of 2.40%.The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts anticipate that Lyft, Inc. will post 0.22 earnings per share for the current year.

Lyft Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.