Lyft, Inc. $LYFT Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its holdings in Lyft, Inc. (NASDAQ:LYFT) by 35.2% during the third quarter, Holdings Channel reports. The firm owned 117,300 shares of the ride-sharing company’s stock after selling 63,600 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lyft were worth $1,761,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Lyft by 250.0% during the first quarter. Principal Financial Group Inc. now owns 4,246,519 shares of the ride-sharing company’s stock valued at $56,479,000 after purchasing an additional 3,033,333 shares during the last quarter. Altshuler Shaham Ltd grew its position in Lyft by 51.6% in the first quarter. Altshuler Shaham Ltd now owns 7,662,027 shares of the ride-sharing company’s stock worth $101,905,000 after buying an additional 2,607,417 shares during the last quarter. Junto Capital Management LP bought a new position in shares of Lyft in the second quarter valued at $36,926,000. Dimensional Fund Advisors LP increased its holdings in shares of Lyft by 58.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,720,478 shares of the ride-sharing company’s stock valued at $89,360,000 after buying an additional 2,467,010 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Lyft by 62.2% in the first quarter. Pacer Advisors Inc. now owns 3,189,313 shares of the ride-sharing company’s stock valued at $42,418,000 after buying an additional 1,223,536 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors.

Lyft Stock Performance

Lyft stock opened at $16.67 on Wednesday. Lyft, Inc. has a 52 week low of $12.46 and a 52 week high of $25.54. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $16.17 and a 200 day moving average price of $15.14.

Lyft (NASDAQ:LYFT) last announced its earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm earned $0.10 earnings per share. Lyft’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, equities analysts forecast that Lyft, Inc. will post 0.81 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jill Beggs sold 2,307 shares of Lyft stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $17.34, for a total transaction of $40,003.38. Following the transaction, the director owned 46,238 shares in the company, valued at approximately $801,766.92. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Lawee sold 4,613 shares of Lyft stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $17.33, for a total value of $79,943.29. Following the transaction, the director owned 119,124 shares in the company, valued at $2,064,418.92. This represents a 3.73% 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. Insiders have sold a total of 75,806 shares of company stock valued at $1,266,066 over the last quarter. 0.92% of the stock is owned by insiders.

Key Headlines Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft moved above its 20-day and 50-day moving averages, which Zacks characterized as a short-term bullish signal. 20-day moving average article 50-day moving average article
• Positive Sentiment: UBS raised its Lyft price target to $18 from $17, while keeping a neutral rating. The higher target signals improved valuation expectations, though the rating indicates the analyst is not calling for a strong near-term move. UBS rating and price target
• Neutral Sentiment: Lyft offered 50% off rides to polling locations on Election Day, with separate coverage noting up to $50 in ride credits for older voters while funds lasted. The promotion may encourage rides and civic engagement, but it is temporary and discounted fares could limit revenue per trip. Election Day ride discounts Ride credits for voters
• Neutral Sentiment: Investors were also directed to Lyft’s key operating metrics ahead of its third-quarter 2026 results. The preview provides no specific estimates or results, so it offers little new evidence about the quarter’s performance. Q3 earnings metrics preview

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LYFT shares. TD Cowen cut their price objective on Lyft from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, October 21st. Piper Sandler restated an “overweight” rating and issued a $21.00 target price (up from $20.00) on shares of Lyft in a report on Friday, August 7th. UBS Group lifted their price target on Lyft from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday. BTIG Research reissued a “neutral” rating on shares of Lyft in a research note on Friday, September 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lyft in a report on Friday. Ten investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.23.

Lyft Company Profile

Lyft, Inc is a technology company that operates a transportation network platform in the United States and Canada. Its platform connects passengers with drivers through a mobile application and website, primarily offering on-demand rides in private vehicles, taxis and other transportation options.

The company also provides access to bicycles and scooters in select markets, as well as vehicle rentals and transportation solutions for businesses, healthcare organizations and other institutions.