Harel Insurance Investments & Financial Services Ltd. Has $8.14 Million Stake in Lyft, Inc. $LYFT

Harel Insurance Investments & Financial Services Ltd. reduced its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 14.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 370,636 shares of the ride-sharing company’s stock after selling 63,827 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.09% of Lyft worth $8,143,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Lyft by 144.9% during the 2nd quarter. AQR Capital Management LLC now owns 24,009,925 shares of the ride-sharing company’s stock valued at $378,396,000 after purchasing an additional 14,205,143 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Lyft by 0.3% in the second quarter. Geode Capital Management LLC now owns 6,633,591 shares of the ride-sharing company’s stock valued at $104,561,000 after purchasing an additional 20,354 shares during the period. Marshall Wace LLP lifted its stake in shares of Lyft by 75.7% during the 2nd quarter. Marshall Wace LLP now owns 5,464,934 shares of the ride-sharing company’s stock worth $86,127,000 after buying an additional 2,353,769 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Lyft by 415.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,714,935 shares of the ride-sharing company’s stock worth $58,547,000 after buying an additional 2,993,807 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Lyft by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,521,652 shares of the ride-sharing company’s stock worth $55,501,000 after buying an additional 376,661 shares during the period. Institutional investors own 83.07% of the company’s stock.

Lyft Trading Down 2.9%

Shares of NASDAQ:LYFT opened at $18.33 on Friday. The business’s 50 day simple moving average is $20.52 and its 200 day simple moving average is $18.80. Lyft, Inc. has a 1 year low of $9.66 and a 1 year 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. The company has a market capitalization of $7.32 billion, a P/E ratio of 48.24, a P/E/G ratio of 1.17 and a beta of 1.94.

Lyft (NASDAQ:LYFT) last released its earnings results on Wednesday, November 5th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). The company had revenue of $1.69 billion for 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 business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, research analysts anticipate that Lyft, Inc. will post 0.22 EPS for the current fiscal year.

Insider Transactions at Lyft

In related news, Director Jill Beggs sold 1,466 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $20.25, for a total transaction of $29,686.50. Following the sale, the director owned 34,278 shares in the company, valued at approximately $694,129.50. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Lawee sold 6,578 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $22.55, for a total transaction of $148,333.90. Following the transaction, the director owned 104,460 shares of the company’s stock, valued at approximately $2,355,573. This represents a 5.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 187,443 shares of company stock worth $4,178,618. Corporate insiders own 3.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on LYFT. Barclays increased their price target on shares of Lyft from $20.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Arete Research set a $20.00 target price on Lyft and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. UBS Group lifted their price target on Lyft from $15.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Morgan Stanley upped their price objective on Lyft from $20.50 to $22.50 and gave the company an “equal weight” rating in a report on Monday, December 8th. Finally, DA Davidson set a $22.00 price objective on Lyft in a research report on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Lyft currently has an average rating of “Hold” and an average target price of $22.67.

About Lyft

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.