Lyft, Inc. $LYFT Shares Bought by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB grew its stake in shares of Lyft, Inc. (NASDAQ:LYFT) by 162.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,943 shares of the ride-sharing company’s stock after acquiring an additional 1,203 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Lyft were worth $31,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC lifted its position in Lyft by 8.1% in the 4th quarter. Nuveen Asset Management LLC now owns 1,458,557 shares of the ride-sharing company’s stock valued at $18,815,000 after purchasing an additional 109,434 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Lyft during the fourth quarter valued at approximately $157,000. Toronto Dominion Bank purchased a new position in Lyft during the fourth quarter valued at approximately $279,000. Voloridge Investment Management LLC grew its position in Lyft by 722.6% during the fourth quarter. Voloridge Investment Management LLC now owns 211,161 shares of the ride-sharing company’s stock valued at $2,724,000 after purchasing an additional 185,490 shares in the last quarter. Finally, Forum Financial Management LP bought a new stake in Lyft in the fourth quarter worth approximately $132,000. Institutional investors own 83.07% of the company’s stock.

Insider Activity at Lyft

In other news, insider Lindsay Catherine Llewellyn sold 14,606 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $20.00, for a total transaction of $292,120.00. Following the completion of the sale, the insider directly owned 835,782 shares of the company’s stock, valued at $16,715,640. This trade represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John David Risher purchased 5,926 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were purchased at an average price of $16.88 per share, with a total value of $100,030.88. Following the purchase, the chief executive officer directly owned 11,797,266 shares in the company, valued at $199,137,850.08. This trade represents a 0.05% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 74,427 shares of company stock valued at $1,252,686. 3.07% of the stock is owned by insiders.

Lyft Stock Performance

Shares of LYFT stock opened at $22.58 on Monday. The stock has a market capitalization of $9.18 billion, a PE ratio of 94.09, a PEG ratio of 3.53 and a beta of 2.33. Lyft, Inc. has a one year low of $9.66 and a one year high of $23.50. The business’s 50 day simple moving average is $16.11 and its 200 day simple moving average is $14.56. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.70 and a quick ratio of 0.70.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. Lyft’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, research analysts forecast that Lyft, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on LYFT. Oppenheimer upped their price objective on shares of Lyft from $17.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Wells Fargo & Company increased their price objective on shares of Lyft from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. TD Cowen raised shares of Lyft from a “hold” rating to a “buy” rating and increased their price objective for the stock from $16.00 to $21.00 in a report on Tuesday, June 24th. UBS Group increased their price target on shares of Lyft from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Lyft from $16.00 to $21.00 and gave the stock a “hold” rating in a report on Thursday. Nine analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lyft currently has a consensus rating of “Hold” and an average target price of $18.30.

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.