Diversified Trust Co Decreases Stock Holdings in Lyft, Inc. $LYFT

Diversified Trust Co decreased its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 35.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,314 shares of the ride-sharing company’s stock after selling 8,458 shares during the period. Diversified Trust Co’s holdings in Lyft were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LYFT. MassMutual Private Wealth & Trust FSB lifted its holdings in Lyft by 162.6% during 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 purchasing an additional 1,203 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in Lyft in the 2nd quarter valued at about $32,000. GAMMA Investing LLC lifted its stake in Lyft by 81.4% in the 1st quarter. GAMMA Investing LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $33,000 after buying an additional 1,237 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Lyft in the 1st quarter valued at about $35,000. Finally, FNY Investment Advisers LLC purchased a new position in Lyft in the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Lyft Stock Down 0.1%

LYFT stock opened at $22.06 on Thursday. Lyft, Inc. has a one year low of $9.66 and a one year high of $23.50. 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 has a market cap of $8.97 billion, a PE ratio of 91.92, a PEG ratio of 3.46 and a beta of 2.33. The firm’s 50 day moving average price is $16.55 and its 200-day moving average price is $14.73.

Lyft (NASDAQ:LYFT) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.17). Lyft had a net margin of 1.51% and a return on equity of 14.32%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. Lyft’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that Lyft, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

LYFT has been the topic of several research reports. Sanford C. Bernstein raised their target price on Lyft from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Oppenheimer raised their price objective on Lyft from $17.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Wall Street Zen lowered shares of Lyft from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Citigroup restated a “hold” rating and set a $14.00 price target (down from $22.00) on shares of Lyft in a research report on Friday, June 27th. Finally, Bank of America raised their target price on shares of Lyft from $12.00 to $14.00 and gave the stock an “underperform” rating in a research note on Thursday, September 18th. Ten research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.84.

Insider Activity at Lyft

In other news, insider Lindsay Catherine Llewellyn sold 14,606 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $20.00, for a total value of $292,120.00. Following the sale, the insider directly owned 835,782 shares of the company’s stock, valued at approximately $16,715,640. The trade was a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John David Risher purchased 5,926 shares of Lyft stock in a transaction dated Wednesday, September 3rd. The stock was bought at an average cost of $16.88 per share, for a total transaction of $100,030.88. Following the completion of the purchase, the chief executive officer directly owned 11,797,266 shares in the company, valued at approximately $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 ninety days, insiders have sold 74,427 shares of company stock worth $1,252,686. Company insiders own 3.07% of the company’s stock.

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.