Virtu Financial LLC increased its stake in Lyft, Inc. (NASDAQ:LYFT – Free Report) by 352.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,530 shares of the ride-sharing company’s stock after purchasing an additional 37,810 shares during the period. Virtu Financial LLC’s holdings in Lyft were worth $940,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its position in Lyft by 9.4% in the 4th quarter. Invesco Ltd. now owns 2,724,969 shares of the ride-sharing company’s stock valued at $52,783,000 after buying an additional 233,179 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Lyft by 324.4% during the fourth quarter. Corient Private Wealth LLC now owns 121,857 shares of the ride-sharing company’s stock worth $2,360,000 after acquiring an additional 93,146 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Lyft by 10.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 274,844 shares of the ride-sharing company’s stock valued at $5,324,000 after acquiring an additional 26,664 shares during the period. Vident Advisory LLC acquired a new position in shares of Lyft during the fourth quarter valued at $217,000. Finally, Beacon Pointe Advisors LLC lifted its stake in shares of Lyft by 25.3% during the fourth quarter. Beacon Pointe Advisors LLC now owns 263,115 shares of the ride-sharing company’s stock valued at $5,097,000 after acquiring an additional 53,100 shares during the period. Institutional investors own 83.07% of the company’s stock.
Insider Buying and Selling
In related news, CAO Stephen W. Hope sold 5,460 shares of Lyft stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total transaction of $75,129.60. Following the transaction, the chief accounting officer owned 335,463 shares of the company’s stock, valued at $4,615,970.88. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Catherine Llewellyn sold 11,491 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 of the company’s stock, valued at approximately $12,805,965. This 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 69,196 shares of company stock valued at $992,371. Insiders own 0.92% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on LYFT
Lyft Price Performance
Shares of Lyft stock opened at $14.28 on Monday. The business has a fifty day simple moving average of $13.97 and a 200 day simple moving average of $15.66. The stock has a market cap of $5.42 billion, a PE ratio of 2.08, a price-to-earnings-growth ratio of 0.85 and a beta of 1.82. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. Lyft, Inc. has a 12 month low of $12.46 and a 12 month high of $25.54.
Lyft (NASDAQ:LYFT – Get Free Report) last released 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 net margin of 43.82% and a negative return on equity of 2.09%. The company 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 posted $0.01 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts predict that Lyft, Inc. will post 0.69 EPS for the current year.
About Lyft
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.
Read More
- Five stocks we like better than Lyft
- 3 Inflation-Fighting Stocks Built for Higher Oil Prices
- 3 Biotech Firms With Major Potential Catalysts in the Coming Months
- Applied Materials Stock Looks Pricey—Can AI Demand Justify the Rally?
- 3 Small-Cap Stocks Getting a Russell 2000 Rebalance Boost
Want to see what other hedge funds are holding LYFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lyft, Inc. (NASDAQ:LYFT – Free Report).
Receive News & Ratings for Lyft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lyft and related companies with MarketBeat.com's FREE daily email newsletter.
