BNP PARIBAS ASSET MANAGEMENT Holding S.A. Makes New $62,000 Investment in Lyft, Inc. $LYFT

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Lyft, Inc. (NASDAQ:LYFT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,929 shares of the ride-sharing company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Neuberger Berman Group LLC raised its holdings in shares of Lyft by 3.7% in the first quarter. Neuberger Berman Group LLC now owns 24,441 shares of the ride-sharing company’s stock worth $290,000 after buying an additional 868 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Lyft by 4.0% in the first quarter. Amalgamated Bank now owns 23,344 shares of the ride-sharing company’s stock worth $277,000 after buying an additional 892 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Lyft by 39.4% in the second quarter. Parallel Advisors LLC now owns 4,107 shares of the ride-sharing company’s stock worth $65,000 after buying an additional 1,160 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 worth $31,000 after acquiring an additional 1,203 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Lyft by 81.4% in the first quarter. GAMMA Investing LLC now owns 2,756 shares of the ride-sharing company’s stock worth $33,000 after acquiring an additional 1,237 shares during the period. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Lyft Stock Up 3.4%

LYFT stock opened at $20.08 on Thursday. The firm has a market cap of $8.16 billion, a PE ratio of 83.67, a P/E/G ratio of 3.40 and a beta of 2.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.70 and a current ratio of 0.70. The firm’s fifty day moving average is $20.07 and its 200 day moving average is $16.71. Lyft, Inc. has a one year low of $9.66 and a one year high of $23.50.

Lyft (NASDAQ:LYFT) last released 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). The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. Lyft had a net margin of 1.51% and a return on equity of 14.32%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS. On average, research analysts forecast that Lyft, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating on shares of Lyft in a research note on Tuesday, October 28th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $22.00 price objective on shares of Lyft in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lyft in a research note on Wednesday, October 8th. Mizuho assumed coverage on shares of Lyft in a research note on Tuesday, September 30th. They issued a “neutral” rating and a $24.00 price objective on the stock. Finally, Guggenheim upgraded shares of Lyft to a “strong-buy” rating in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.68.

Insider Activity at Lyft

In other Lyft news, CFO Erin Brewer sold 15,000 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $17.24, for a total transaction of $258,600.00. Following the transaction, the chief financial officer directly owned 525,759 shares of the company’s stock, valued at $9,064,085.16. This trade represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John David Risher acquired 5,926 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were bought at an average cost of $16.88 per share, for a total transaction of $100,030.88. Following the completion of the acquisition, the chief executive officer owned 11,797,266 shares of the company’s stock, valued at approximately $199,137,850.08. This represents a 0.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 74,427 shares of company stock worth $1,252,686. 3.07% of the stock is owned by company insiders.

About Lyft

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.