Independent Financial Group LLC Acquires New Shares in Lyft, Inc. $LYFT

Posted by Geri Gentry on Jul 24th, 2026

Independent Financial Group LLC bought a new position in shares of Lyft, Inc. (NASDAQ:LYFT – Free Report) during the first quarter, HoldingsChannel.com reports. The firm bought 40,132 shares of the ride-sharing company’s stock, valued at approximately $534,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Lyft in the 4th quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new position in Lyft during the 4th quarter worth approximately $40,000. Huntington National Bank grew its holdings in Lyft by 171.8% during the fourth quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 1,374 shares during the period. Ascentis Independent Advisors bought a new stake in Lyft in the first quarter valued at approximately $43,000. Finally, Tower Research Capital LLC TRC increased its stake in Lyft by 410.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,217 shares of the ride-sharing company’s stock valued at $51,000 after purchasing an additional 2,587 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.

Insider Transactions at Lyft

In other news, insider Lindsay Catherine Llewellyn sold 11,491 shares of the business’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 directly owned 853,731 shares in the company, valued at $12,805,965. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $75,129.60. Following the transaction, the chief accounting officer directly owned 335,463 shares of the company’s stock, valued at $4,615,970.88. This represents a 1.60% 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. Insiders have sold a total of 45,535 shares of company stock worth $637,456 in the last 90 days. Company insiders own 0.92% of the company’s stock.

Lyft Stock Down 4.4%

Lyft stock opened at $14.02 on Friday. The stock has a market capitalization of $5.32 billion, a PE ratio of 2.05, a price-to-earnings-growth ratio of 0.87 and a beta of 1.80. Lyft, Inc. has a twelve month low of $12.46 and a twelve month 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 company has a 50 day moving average of $14.44 and a 200-day moving average of $14.77.

Lyft (NASDAQ:LYFT – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.63 billion. During the same quarter in the previous year, the business earned $0.01 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. On average, equities research analysts anticipate that Lyft, Inc. will post 0.69 EPS for the current fiscal year.

Analyst Ratings Changes

LYFT has been the topic of a number of recent analyst reports. Rothschild & Co Redburn raised shares of Lyft from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, June 17th. Sanford C. Bernstein began coverage on shares of Lyft in a research report on Wednesday, June 17th. They issued an “underperform” rating for the company. DA Davidson lowered their price objective on shares of Lyft from $19.00 to $14.50 and set a “neutral” rating for the company in a research report on Monday, May 18th. BTIG Research raised Lyft from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 17th. Finally, Guggenheim reiterated a “buy” rating on shares of Lyft in a report on Wednesday, June 10th. Thirteen investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.40.

Get Our Latest 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.