Havemeyer Place LP Makes New Investment in Lyft, Inc. $LYFT

Posted by Geri Gentry on Jun 8th, 2026

Havemeyer Place LP purchased a new position in Lyft, Inc. (NASDAQ:LYFT – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 66,561 shares of the ride-sharing company’s stock, valued at approximately $1,289,000.

A number of other hedge funds have also recently added to or reduced their stakes in LYFT. Empowered Funds LLC lifted its stake in shares of Lyft by 13.7% in the 1st quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock valued at $287,000 after purchasing an additional 2,921 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Lyft by 44.0% in the 1st quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock valued at $607,000 after purchasing an additional 15,621 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Lyft in the 2nd quarter valued at about $470,000. Invesco Ltd. lifted its position in Lyft by 87.5% during the 2nd quarter. Invesco Ltd. now owns 1,064,930 shares of the ride-sharing company’s stock worth $16,783,000 after acquiring an additional 497,118 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Lyft by 12.6% during the second quarter. California Public Employees Retirement System now owns 709,188 shares of the ride-sharing company’s stock valued at $11,177,000 after purchasing an additional 79,634 shares during the period. 83.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lyft

In other news, CAO Stephen W. Hope sold 5,460 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total transaction of $75,129.60. Following the completion of the sale, the chief accounting officer owned 335,463 shares in the company, valued at approximately $4,615,970.88. This represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Catherine Llewellyn sold 11,491 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $15.00, for a total value of $172,365.00. Following the sale, the insider owned 853,731 shares of the company’s stock, valued at approximately $12,805,965. This trade represents a 1.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 54,196 shares of company stock worth $788,521. 0.92% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank Of Canada reduced their target price on Lyft from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company lowered their price target on Lyft from $26.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. Oppenheimer set a $20.00 price objective on Lyft in a research note on Friday, May 8th. Needham & Company LLC restated a “hold” rating on shares of Lyft in a research note on Wednesday, February 11th. Finally, Morgan Stanley set a $17.00 price target on Lyft in a research report on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Lyft currently has an average rating of “Hold” and a consensus price target of $18.83.

Get Our Latest Analysis on Lyft

Lyft Price Performance

NASDAQ:LYFT opened at $13.65 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. Lyft, Inc. has a 1-year low of $12.46 and a 1-year high of $25.54. The business’s fifty day moving average price is $13.83 and its 200 day moving average price is $16.12. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 1.99, a PEG ratio of 0.85 and a beta of 1.82.

Lyft (NASDAQ:LYFT – Get Free Report) last issued its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.26). Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the company earned $0.01 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, sell-side analysts forecast that Lyft, Inc. will post 0.66 earnings per share for the current fiscal year.

Lyft announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 10th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the ride-sharing company to reacquire up to 15.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Lyft Company Profile

(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.