Capstone Financial Advisors Inc. Increases Position in Lyft, Inc. $LYFT

Capstone Financial Advisors Inc. boosted its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 45.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,403 shares of the ride-sharing company’s stock after purchasing an additional 5,465 shares during the quarter. Capstone Financial Advisors Inc.’s holdings in Lyft were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LYFT. PNC Financial Services Group Inc. grew its stake in Lyft by 42.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,689 shares of the ride-sharing company’s stock valued at $115,000 after acquiring an additional 2,871 shares during the period. Maxi Investments CY Ltd lifted its holdings in Lyft by 320.4% during the first quarter. Maxi Investments CY Ltd now owns 945,933 shares of the ride-sharing company’s stock valued at $11,228,000 after purchasing an additional 720,933 shares in the last quarter. Joule Financial LLC acquired a new stake in shares of Lyft in the second quarter valued at about $760,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Lyft during the first quarter worth about $2,191,000. Finally, Kaufman Rossin Wealth LLC raised its position in shares of Lyft by 93.1% during the 2nd quarter. Kaufman Rossin Wealth LLC now owns 32,188 shares of the ride-sharing company’s stock worth $507,000 after purchasing an additional 15,518 shares during the last quarter. 83.07% of the stock is owned by institutional investors and hedge funds.

Lyft Stock Performance

Shares of Lyft stock opened at $23.80 on Friday. The business’s 50 day moving average price is $20.88 and its 200 day moving average price is $17.17. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 62.63, a PEG ratio of 2.44 and a beta of 2.36. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.72 and a current ratio of 0.72. Lyft, Inc. has a one year low of $9.66 and a one year high of $25.54.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LYFT. Canaccord Genuity Group lifted their price objective on Lyft from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday. Morgan Stanley raised their target price on Lyft from $19.00 to $20.50 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Wedbush boosted their price target on Lyft from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Lyft in a research note on Wednesday, October 8th. Finally, Evercore ISI lifted their target price on shares of Lyft from $15.00 to $30.00 and gave the stock an “in-line” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.72.

Insiders Place Their Bets

In other news, CEO John David Risher purchased 5,926 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was acquired at an average price of $16.88 per share, for a total transaction of $100,030.88. Following the acquisition, the chief executive officer directly owned 11,797,266 shares of the company’s stock, valued at approximately $199,137,850.08. This represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Erin Brewer sold 15,000 shares of Lyft stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $15.24, for a total transaction of $228,600.00. Following the sale, the chief financial officer directly owned 540,759 shares in the company, valued at approximately $8,241,167.16. The trade was a 2.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 74,427 shares of company stock valued at $1,252,686 over the last ninety days. Company insiders own 3.07% of the company’s stock.

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.