Focus Partners Advisor Solutions LLC Purchases 73,211 Shares of Lyft, Inc. $LYFT

Focus Partners Advisor Solutions LLC increased its position in Lyft, Inc. (NASDAQ:LYFT) by 259.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,482 shares of the ride-sharing company’s stock after acquiring an additional 73,211 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Lyft were worth $1,599,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Lyft by 162.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,943 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 1,203 shares during the period. Atwood & Palmer Inc. bought a new stake in Lyft during the second quarter valued at approximately $32,000. Bogart Wealth LLC lifted its position in Lyft by 1,242.2% during the second quarter. Bogart Wealth LLC now owns 2,161 shares of the ride-sharing company’s stock valued at $34,000 after purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC lifted its position in Lyft by 81.4% during the first quarter. GAMMA Investing LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $33,000 after purchasing an additional 1,237 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Lyft during the first quarter valued at approximately $35,000. 83.07% of the stock is currently owned by institutional investors.

Lyft Trading Down 0.5%

LYFT stock opened at $20.47 on Monday. The company has a market capitalization of $8.32 billion, a PE ratio of 85.30, a price-to-earnings-growth ratio of 3.68 and a beta of 2.40. Lyft, Inc. has a one year low of $9.66 and a one year high of $23.50. The company’s 50 day moving average price is $19.44 and its two-hundred day moving average price is $16.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.70 and a current ratio of 0.70.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.17). Lyft had a return on equity of 14.32% and a net margin of 1.51%.The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the business posted $0.24 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. As a group, analysts predict that Lyft, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Lindsay Catherine Llewellyn sold 28,356 shares of Lyft stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $15.85, for a total value of $449,442.60. Following the transaction, the insider directly owned 850,388 shares of the company’s stock, valued at $13,478,649.80. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Erin Brewer sold 15,000 shares of Lyft stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $15.24, for a total transaction of $228,600.00. Following the completion of the transaction, the chief financial officer directly owned 540,759 shares in the company, valued at approximately $8,241,167.16. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,427 shares of company stock valued at $1,252,686 over the last three months. 3.07% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LYFT shares. Cowen reiterated a “buy” rating on shares of Lyft in a research report on Wednesday, September 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lyft in a research report on Saturday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lyft from $16.00 to $21.00 and gave the company a “hold” rating in a research report on Thursday, September 18th. Oppenheimer lifted their target price on shares of Lyft from $17.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Finally, Canaccord Genuity Group lifted their target price on shares of Lyft from $11.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.25.

Lyft Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.