American Century Companies Inc. Has $15.80 Million Stake in Lyft, Inc. $LYFT

American Century Companies Inc. increased its position in Lyft, Inc. (NASDAQ:LYFT) by 140.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,002,652 shares of the ride-sharing company’s stock after purchasing an additional 586,080 shares during the period. American Century Companies Inc. owned approximately 0.24% of Lyft worth $15,802,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LYFT. CenterBook Partners LP raised its holdings in Lyft by 114.3% during the second quarter. CenterBook Partners LP now owns 502,574 shares of the ride-sharing company’s stock worth $7,921,000 after buying an additional 268,083 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Lyft during the second quarter worth about $793,000. Journey Strategic Wealth LLC raised its holdings in shares of Lyft by 19.9% in the 2nd quarter. Journey Strategic Wealth LLC now owns 19,295 shares of the ride-sharing company’s stock worth $304,000 after acquiring an additional 3,199 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Lyft by 6.2% in the 2nd quarter. Legal & General Group Plc now owns 640,244 shares of the ride-sharing company’s stock worth $10,090,000 after acquiring an additional 37,208 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in Lyft by 260.4% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 202,900 shares of the ride-sharing company’s stock valued at $3,198,000 after acquiring an additional 146,600 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.

Lyft Stock Up 3.7%

LYFT stock opened at $22.24 on Wednesday. The stock has a fifty day moving average of $21.08 and a 200-day moving average of $17.81. Lyft, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $25.54. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 58.53, a PEG ratio of 2.13 and a beta of 1.99. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.72 and a current ratio of 0.72.

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

Insider Activity at Lyft

In other Lyft news, insider Lindsay Catherine Llewellyn sold 14,606 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $20.00, for a total transaction of $292,120.00. Following the sale, the insider owned 835,782 shares of the company’s stock, valued at $16,715,640. The trade was a 1.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jill Beggs sold 1,466 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $20.25, for a total value of $29,686.50. Following the sale, the director owned 34,278 shares in the company, valued at approximately $694,129.50. This represents a 4.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LYFT shares. Cantor Fitzgerald boosted their price objective on Lyft from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. DA Davidson set a $22.00 target price on Lyft in a research report on Thursday, November 6th. Bank of America upped their price target on Lyft from $12.00 to $14.00 and gave the stock an “underperform” rating in a report on Thursday, September 18th. Morgan Stanley raised their price objective on Lyft from $19.00 to $20.50 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada lifted their price objective on shares of Lyft from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Lyft currently has a consensus rating of “Hold” and a consensus target price of $22.85.

Lyft 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.