Y Intercept Hong Kong Ltd Has $6.35 Million Stock Position in Lyft, Inc. $LYFT

Y Intercept Hong Kong Ltd cut its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 53.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 288,283 shares of the ride-sharing company’s stock after selling 336,587 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.07% of Lyft worth $6,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Quent Capital LLC acquired a new position in shares of Lyft in the 3rd quarter valued at approximately $34,000. Bogart Wealth LLC lifted its stake in Lyft by 1,242.2% in the second quarter. Bogart Wealth LLC now owns 2,161 shares of the ride-sharing company’s stock valued at $34,000 after buying an additional 2,000 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Lyft by 410.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,217 shares of the ride-sharing company’s stock valued at $51,000 after buying an additional 2,587 shares during the period. SRH Advisors LLC bought a new stake in shares of Lyft during the second quarter worth $62,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Lyft during the second quarter worth $62,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

Insider Buying and Selling

In related news, Director Jill Beggs sold 1,466 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $20.25, for a total value of $29,686.50. Following the completion of the sale, the director directly owned 34,278 shares in the company, valued at approximately $694,129.50. This trade represents a 4.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Prashant Aggarwal sold 96,900 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $22.30, for a total value of $2,160,870.00. Following the transaction, the director directly owned 874,369 shares in the company, valued at approximately $19,498,428.70. This trade represents a 9.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 187,443 shares of company stock worth $4,178,618 in the last 90 days. 3.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zephirin Group upped their target price on shares of Lyft from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, November 6th. Mizuho boosted their price target on Lyft from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Guggenheim increased their price objective on Lyft from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Benchmark restated a “buy” rating on shares of Lyft in a research note on Tuesday, October 28th. Finally, Barclays upped their price target on Lyft from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Lyft has a consensus rating of “Hold” and an average price target of $22.76.

Lyft Stock Down 1.6%

LYFT stock opened at $17.90 on Friday. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 47.11, a P/E/G ratio of 1.13 and a beta of 1.94. Lyft, Inc. has a twelve month low of $9.66 and a twelve month high of $25.54. The business has a 50 day moving average price of $19.95 and a two-hundred day moving average price of $18.88. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.76.

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 the consensus estimate of $0.30 by ($0.17). Lyft had a net margin of 2.40% and a return on equity of 18.29%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the business posted $0.29 earnings per share. Lyft’s quarterly revenue was up 11.6% compared to the same quarter last year. Analysts anticipate that Lyft, Inc. will post 0.22 EPS for the current fiscal year.

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.