2,393 Shares in Lyft, Inc. (NASDAQ:LYFT) Bought by ORG Wealth Partners LLC

ORG Wealth Partners LLC acquired a new stake in Lyft, Inc. (NASDAQ:LYFT) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,393 shares of the ride-sharing company’s stock, valued at approximately $31,000.

A number of other large investors have also modified their holdings of the company. True Wealth Design LLC acquired a new stake in shares of Lyft during the 3rd quarter valued at about $27,000. Brown Brothers Harriman & Co. acquired a new stake in Lyft in the second quarter valued at approximately $35,000. Capital Performance Advisors LLP purchased a new stake in shares of Lyft in the third quarter valued at approximately $38,000. Quarry LP raised its stake in shares of Lyft by 4,032.6% during the 2nd quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock worth $50,000 after buying an additional 3,468 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of Lyft during the 3rd quarter valued at approximately $70,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

Insider Buying and Selling

In other Lyft news, insider Lindsay Catherine Llewellyn sold 4,242 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $17.76, for a total transaction of $75,337.92. Following the sale, the insider now owns 755,847 shares in the company, valued at $13,423,842.72. This represents a 0.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lisa Blackwood-Kapral sold 9,081 shares of Lyft stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $18.02, for a total value of $163,639.62. Following the completion of the transaction, the chief accounting officer now owns 332,243 shares of the company’s stock, valued at $5,987,018.86. The trade was a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,242 shares of company stock valued at $427,330 in the last ninety days. Company insiders own 3.07% of the company’s stock.

Analyst Ratings Changes

LYFT has been the subject of several recent analyst reports. BMO Capital Markets boosted their price target on shares of Lyft from $13.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Roth Mkm upped their price target on shares of Lyft from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Truist Financial raised their price target on shares of Lyft from $13.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Loop Capital boosted their price objective on Lyft from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, TD Cowen raised their target price on Lyft from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Twenty-seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.78.

Lyft Stock Down 2.8 %

NASDAQ:LYFT opened at $12.98 on Friday. Lyft, Inc. has a 52 week low of $8.93 and a 52 week high of $20.82. The stock’s fifty day moving average is $15.43 and its two-hundred day moving average is $13.42. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of -81.13, a price-to-earnings-growth ratio of 4.10 and a beta of 2.14. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88.

Lyft (NASDAQ:LYFT) last posted its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.09. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.44 billion. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. Lyft’s revenue was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. Research analysts anticipate that Lyft, Inc. will post 0.08 EPS for the current year.

Lyft Company 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.