Allianz Asset Management GmbH Has $1.41 Million Stake in Lyft, Inc. $LYFT

Allianz Asset Management GmbH trimmed its position in shares of Lyft, Inc. (NASDAQ:LYFT) by 94.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,053 shares of the ride-sharing company’s stock after selling 1,169,054 shares during the period. Allianz Asset Management GmbH’s holdings in Lyft were worth $1,410,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Lyft by 144.9% during the second quarter. AQR Capital Management LLC now owns 24,009,925 shares of the ride-sharing company’s stock valued at $378,396,000 after buying an additional 14,205,143 shares in the last quarter. Geode Capital Management LLC boosted its position in Lyft by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 6,633,591 shares of the ride-sharing company’s stock worth $104,561,000 after acquiring an additional 20,354 shares during the period. Marshall Wace LLP boosted its position in 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 acquiring an additional 2,353,769 shares during the period. Los Angeles Capital Management LLC grew its stake in 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 valued at $58,547,000 after acquiring an additional 2,993,807 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Lyft by 12.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,521,652 shares of the ride-sharing company’s stock valued at $55,501,000 after purchasing an additional 376,661 shares during the period. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on LYFT. Arete Research set a $20.00 price target on shares of Lyft and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. BMO Capital Markets increased their target price on shares of Lyft from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Canaccord Genuity Group lowered their price target on shares of Lyft from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of Lyft in a research note on Wednesday. Finally, Cantor Fitzgerald reduced their price objective on Lyft from $21.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday. Ten analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.98.

Key Headlines Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Company guided to up to ~20% gross bookings growth for Q1 and reported record active riders and a 37% jump in EBITDA, suggesting improving operating leverage despite a headline loss. Zacks: Lyft Earnings & Revenues Fall Short
• Positive Sentiment: Company authorized a material share‑buyback (reported at ~$1.0B), which can support the stock and is a common reason for short‑term upward moves after a sell‑off. American Banking News: Lyft to Repurchase $1.00B
• Positive Sentiment: Value investors/analysts argue the post‑earnings drop is overdone — highlighting cheap multiples (low P/E, low P/S) and suggesting the share price presents an entry point. Seeking Alpha: Lyft’s Earnings Crash Is Overdone
• Neutral Sentiment: Technical note: some traders flag LYFT as oversold and sitting near support, which can trigger short‑term bounces but is not fundamentally decisive. Benzinga: Stock Of The Day
• Neutral Sentiment: Management publicly pushed back as the stock tumbled; CEO commentary may be intended to calm investors but hasn’t removed uncertainty. MSN: Lyft CEO Responds
• Negative Sentiment: Earnings and revenue miss triggered a large sell‑off — investors punished weaker-than-expected top‑line growth and an operating loss despite bookings strength, causing steep recent volatility. Zacks: Earnings & Revenues Fall Short
• Negative Sentiment: Market concern over accounting and “masked” weak growth was highlighted in coverage that tied accounting treatment to the stock’s 16% crash, raising investor skepticism. Yahoo Finance: Accounting Concerns
• Negative Sentiment: Analysts cut ratings/targets (e.g., Mizuho lowered its target and set a neutral rating) and at least one notable downgrade spurred further downside pressure. Benzinga: Mizuho Lowers Target
• Negative Sentiment: Ongoing safety incidents, violent assaults on drivers/riders and litigation (attempted kidnapping claims, murder/shootings, and a lawsuit alleging a passenger was taken to an attacker) raise regulatory, reputational and legal risk that can hurt demand and increase costs. AOL: Driver Murder Yahoo: Kidnapping Allegation Detroit News: Lawsuit
• Negative Sentiment: Competitive/regulatory risk: a new NYC ride app claims lower fares vs. Uber/Lyft but the city says the app is operating illegally — highlights pricing pressure and regulatory complexity in core markets. Yahoo: NYC Ride App vs. Lyft

Insider Transactions at Lyft

In other Lyft news, Director Jill Beggs sold 1,466 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 34,278 shares of the company’s stock, valued at $694,129.50. The trade was a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Prashant Aggarwal sold 96,900 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $22.30, for a total value of $2,160,870.00. Following the completion of the sale, the director directly owned 874,369 shares in the company, valued at approximately $19,498,428.70. This represents a 9.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 187,443 shares of company stock worth $4,178,618. Corporate insiders own 3.07% of the company’s stock.

Lyft Price Performance

Shares of Lyft stock opened at $13.27 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.72 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $18.49 and a 200-day simple moving average of $19.00. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 1.95, a PEG ratio of 0.81 and a beta of 1.93. Lyft, Inc. has a 1-year low of $9.66 and a 1-year high of $25.54.

Lyft announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 10th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the ride-sharing company to repurchase up to 15.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Lyft Profile

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.