SG Americas Securities LLC Grows Stock Position in Lyft, Inc. $LYFT

SG Americas Securities LLC raised its holdings in Lyft, Inc. (NASDAQ:LYFT) by 52.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 235,572 shares of the ride-sharing company’s stock after acquiring an additional 80,894 shares during the period. SG Americas Securities LLC’s holdings in Lyft were worth $5,185,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Earned Wealth Advisors LLC boosted its position in shares of Lyft by 4.8% in the third quarter. Earned Wealth Advisors LLC now owns 19,164 shares of the ride-sharing company’s stock worth $422,000 after acquiring an additional 881 shares during the last quarter. Main Street Financial Solutions LLC raised its stake in Lyft by 3.8% during the second quarter. Main Street Financial Solutions LLC now owns 24,688 shares of the ride-sharing company’s stock worth $389,000 after purchasing an additional 909 shares during the period. Kaufman Rossin Wealth LLC raised its stake in Lyft by 3.6% during the third quarter. Kaufman Rossin Wealth LLC now owns 33,342 shares of the ride-sharing company’s stock worth $734,000 after purchasing an additional 1,154 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Lyft by 39.4% in the 2nd quarter. Parallel Advisors LLC now owns 4,107 shares of the ride-sharing company’s stock valued at $65,000 after purchasing an additional 1,160 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Lyft by 162.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,943 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 1,203 shares during the period. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Lyft Trading Down 1.2%

NASDAQ:LYFT opened at $19.21 on Friday. The business’s 50-day moving average is $20.69 and its two-hundred day moving average is $18.69. The firm has a market capitalization of $7.67 billion, a PE ratio of 50.55, a price-to-earnings-growth ratio of 1.22 and a beta of 1.94. Lyft, Inc. has a 12 month low of $9.66 and a 12 month high of $25.54. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.72 and a quick ratio of 0.72.

Lyft (NASDAQ:LYFT) last issued its earnings results on Wednesday, November 5th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.17). The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Lyft had a return on equity of 18.29% and a net margin of 2.40%.Lyft’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. Research analysts predict that Lyft, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LYFT has been the topic of several research reports. Sanford C. Bernstein increased their target price on Lyft from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Monday, November 10th. Arete raised Lyft from a “sell” rating to a “neutral” rating and boosted their price target for the company from $10.00 to $20.00 in a research report on Wednesday, December 3rd. Zephirin Group raised their price objective on Lyft from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, November 6th. Morgan Stanley lifted their price objective on Lyft from $20.50 to $22.50 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Finally, Arete Research set a $20.00 target price on Lyft and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.67.

Insider Buying and Selling

In other Lyft news, Director Prashant Aggarwal sold 96,900 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $22.30, for a total value of $2,160,870.00. Following the completion of the sale, the director owned 874,369 shares of the company’s stock, valued at $19,498,428.70. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John David Risher bought 5,030 shares of Lyft stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of $19.80 per share, for a total transaction of $99,594.00. Following the completion of the transaction, the chief executive officer owned 11,802,296 shares of the company’s stock, valued at approximately $233,685,460.80. This represents a 0.04% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 187,443 shares of company stock valued at $4,178,618 over the last three months. Company insiders own 3.07% of the company’s stock.

Lyft Profile

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.