Vestcor Inc Has $2.35 Million Stock Position in Lyft, Inc. $LYFT

Posted by Brian Himes on Jun 8th, 2026

Vestcor Inc grew its position in Lyft, Inc. (NASDAQ:LYFT – Free Report) by 819.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 121,336 shares of the ride-sharing company’s stock after acquiring an additional 108,134 shares during the period. Vestcor Inc’s holdings in Lyft were worth $2,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LYFT. Heartland Advisors Inc. grew its stake in shares of Lyft by 68.2% during the 3rd quarter. Heartland Advisors Inc. now owns 594,800 shares of the ride-sharing company’s stock worth $13,092,000 after acquiring an additional 241,250 shares in the last quarter. Strs Ohio grew its stake in shares of Lyft by 4,527.6% during the 4th quarter. Strs Ohio now owns 440,405 shares of the ride-sharing company’s stock worth $8,531,000 after acquiring an additional 430,888 shares in the last quarter. Nierenberg Investment Management Company Inc. lifted its position in Lyft by 1,811.8% during the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 813,555 shares of the ride-sharing company’s stock worth $17,906,000 after buying an additional 771,000 shares in the last quarter. American Century Companies Inc. lifted its position in Lyft by 56.8% during the 3rd quarter. American Century Companies Inc. now owns 1,571,726 shares of the ride-sharing company’s stock worth $34,594,000 after buying an additional 569,074 shares in the last quarter. Finally, Neo Ivy Capital Management lifted its position in Lyft by 331.4% during the 3rd quarter. Neo Ivy Capital Management now owns 117,646 shares of the ride-sharing company’s stock worth $2,589,000 after buying an additional 90,376 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Piper Sandler reissued an “overweight” rating on shares of Lyft in a research report on Wednesday, February 11th. Royal Bank Of Canada cut their price target on shares of Lyft from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Wells Fargo & Company cut their price target on shares of Lyft from $26.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Jefferies Financial Group cut their price target on shares of Lyft from $20.00 to $15.50 and set a “hold” rating on the stock in a research report on Wednesday, February 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lyft in a report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.83.

View Our Latest Report on LYFT

Lyft Price Performance

Shares of LYFT stock opened at $13.65 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s 50-day moving average is $13.83 and its 200-day moving average is $16.12. The stock has a market cap 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, Inc. has a 52-week low of $12.46 and a 52-week high of $25.54.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share. Sell-side analysts predict that Lyft, Inc. will post 0.66 EPS for the current year.

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

Insider Buying and Selling at Lyft

In other Lyft news, insider Lindsay Catherine Llewellyn sold 23,661 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $15.00, for a total value of $354,915.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen W. Hope sold 5,460 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total transaction of $75,129.60. Following the completion of the transaction, the chief accounting officer directly owned 335,463 shares in the company, valued at approximately $4,615,970.88. This represents a 1.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 54,196 shares of company stock valued at $788,521 in the last three months. 0.92% of the stock is currently owned by company insiders.

Lyft 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.