Readystate Asset Management LP Has $3.08 Million Stock Holdings in Lyft, Inc. $LYFT

Posted by George Bondi on Jul 29th, 2026

Readystate Asset Management LP raised its stake in Lyft, Inc. (NASDAQ:LYFT – Free Report) by 45.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,292 shares of the ride-sharing company’s stock after purchasing an additional 71,892 shares during the quarter. Readystate Asset Management LP’s holdings in Lyft were worth $3,076,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LYFT. Norges Bank bought a new stake in shares of Lyft during the 4th quarter worth approximately $109,987,000. Swedbank AB acquired a new position in Lyft during the fourth quarter worth $108,472,000. Contour Asset Management LLC acquired a new position in Lyft during the fourth quarter worth $75,870,000. Principal Financial Group Inc. raised its position in Lyft by 250.0% during the first quarter. Principal Financial Group Inc. now owns 4,246,519 shares of the ride-sharing company’s stock worth $56,479,000 after acquiring an additional 3,033,333 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Lyft by 58.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,720,478 shares of the ride-sharing company’s stock valued at $89,360,000 after acquiring an additional 2,467,010 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft Price Performance

Shares of LYFT opened at $15.45 on Wednesday. The company’s 50-day moving average is $14.54 and its 200-day moving average is $14.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $5.87 billion, a PE ratio of 2.26, a PEG ratio of 0.90 and a beta of 1.80. Lyft, Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $25.54.

Lyft (NASDAQ:LYFT – Get Free Report) last announced its earnings results 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). Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm posted $0.01 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts forecast that Lyft, Inc. will post 0.69 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial lifted their price objective on shares of Lyft from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Sanford C. Bernstein initiated coverage on shares of Lyft in a report on Wednesday, June 17th. They issued an “underperform” rating on the stock. BTIG Research upgraded Lyft from a “neutral” rating to a “buy” rating in a report on Wednesday, June 17th. Morgan Stanley raised Lyft from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. upped their price objective on Lyft from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lyft presently has a consensus rating of “Hold” and an average price target of $19.40.

Check Out Our Latest Analysis on LYFT

More Lyft News

Here are the key news stories impacting Lyft this week:

Positive Sentiment: Robotaxi testing expands internationally: Lyft and Baidu have begun testing autonomous vehicles in London through Lyft’s partnership with Baidu and Freenow, which Lyft owns. The initiative strengthens Lyft’s positioning in the emerging robotaxi market and could create long-term growth opportunities, although commercial deployment and financial benefits remain uncertain. Lyft and Baidu enter London’s robotaxi battleground as testing begins
Positive Sentiment: New board appointment adds operating experience: Alaska Air Group CEO Ben Minicucci joined Lyft’s board, bringing public-company, transportation and international operating expertise as Lyft develops its mobility and autonomous-driving strategy. Lyft Welcomes Ben Minicucci to Board of Directors
Neutral Sentiment: Insurance transaction completed: RiverStone completed a loss portfolio transfer involving a Lyft unit. Such a deal may reduce legacy insurance exposure and improve risk management, but the articles provide no financial terms to determine the effect on earnings or cash flow. RiverStone completes LPT deal with Lyft unit
Neutral Sentiment: Valuation rerating has not materialized: A market commentary article argues that Lyft’s earlier investment thesis has worked operationally but that investors have yet to assign the company a higher valuation, highlighting continued skepticism despite improved fundamentals. Lyft: The Trade Worked, But The Re-Rating Has Yet To Arrive
Negative Sentiment: Legal and competitive risks remain prominent: A short seller warned that alleged sexual-assault-related claims could create multibillion-dollar liabilities, while coverage of new competitor Throo underscores pressure from rival ride-hailing platforms. These claims are allegations, but they could increase litigation costs and weigh on investor confidence. Lyft legal-liability short-seller warning
Negative Sentiment: AI pricing practices may attract scrutiny: Consumer Reports’ review of how Uber and Lyft use AI to determine fares could raise concerns about pricing transparency, customer trust and possible regulatory oversight. Consumer Reports: How Uber and Lyft use AI to set what you pay

Insider Activity at Lyft

In other news, insider Lindsay Catherine Llewellyn sold 11,491 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $15.00, for a total transaction of $172,365.00. Following the transaction, the insider owned 853,731 shares in the company, valued at approximately $12,805,965. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of Lyft stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total value of $28,799.68. Following the sale, the director directly owned 30,092 shares of the company’s stock, valued at approximately $414,065.92. The trade was a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 45,535 shares of company stock valued at $637,456. 0.92% of the stock is currently owned by insiders.

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.