Swedbank AB Invests $108.47 Million in Lyft, Inc. $LYFT

Posted by Francis Steltz on May 24th, 2026

Swedbank AB bought a new position in Lyft, Inc. (NASDAQ:LYFT – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 5,600,000 shares of the ride-sharing company’s stock, valued at approximately $108,472,000.

Several other institutional investors have also recently made changes to their positions in LYFT. International Assets Investment Management LLC bought a new stake in shares of Lyft in the 4th quarter worth $40,000. Abich Financial Wealth Management LLC bought a new stake in shares of Lyft in the 3rd quarter worth $50,000. CI Investments Inc. grew its stake in shares of Lyft by 39.1% in the 3rd quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock worth $51,000 after acquiring an additional 653 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Lyft by 410.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,217 shares of the ride-sharing company’s stock worth $51,000 after acquiring an additional 2,587 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new position in shares of Lyft in the 3rd quarter worth about $54,000. Institutional investors own 83.07% of the company’s stock.

Key Lyft News

Here are the key news stories impacting Lyft this week:

Positive Sentiment: Zacks Research upgraded Lyft from “strong sell” to “hold,” suggesting improving analyst sentiment around the stock. Zacks.com
Positive Sentiment: Valuation-focused coverage highlighted Lyft as still undervalued, with articles pointing to a low share price relative to fundamentals and a favorable GF Score, which can attract value-oriented investors. GuruFocus article
Neutral Sentiment: Consumer testing content comparing Uber and Lyft may influence rider perception, but it does not appear to be a direct business or financial catalyst for the stock. MSN article
Neutral Sentiment: Several news items about a Lyft driver allegedly using AI-generated damage photos could raise reputational concerns, but the incident appears isolated and its financial impact is unclear. ABC7 Chicago article

Lyft Price Performance

NASDAQ LYFT opened at $13.90 on Friday. The company has a market cap of $5.28 billion, a PE ratio of 2.03, a price-to-earnings-growth ratio of 0.87 and a beta of 1.84. Lyft, Inc. has a 52 week low of $12.46 and a 52 week high of $25.54. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is $13.70 and its two-hundred day simple moving average is $16.74.

Lyft (NASDAQ:LYFT – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.26). The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. Lyft’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. Research analysts predict that Lyft, Inc. will post 0.66 earnings per share for the current year.

Lyft announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the ride-sharing company to purchase up to 15.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Lyft

In other Lyft news, insider Lindsay Catherine Llewellyn sold 23,661 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $15.00, for a total transaction of $354,915.00. Following the sale, the insider directly owned 916,022 shares of the company’s stock, valued at $13,740,330. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen W. Hope sold 5,284 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $13.83, for a total transaction of $73,077.72. Following the sale, the chief accounting officer directly owned 300,570 shares in the company, valued at approximately $4,156,883.10. This trade represents a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,699 shares of company stock valued at $771,756 over the last three months. 0.92% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LYFT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lyft from $25.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, February 11th. Barclays cut their price target on shares of Lyft from $27.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Susquehanna reissued a “neutral” rating and issued a $15.00 price target on shares of Lyft in a report on Thursday, February 12th. KeyCorp reissued a “sector weight” rating on shares of Lyft in a report on Wednesday, February 11th. Finally, Roth Mkm reissued a “buy” rating and issued a $23.00 price target on shares of Lyft in a report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.83.

View Our Latest Stock Report on Lyft

About Lyft

(Free Report)

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.