Harel Insurance Investments & Financial Services Ltd. Purchases 420,274 Shares of Lyft, Inc. (NASDAQ:LYFT)

Harel Insurance Investments & Financial Services Ltd. grew its stake in Lyft, Inc. (NASDAQ:LYFT) by 10,225.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 424,384 shares of the ride-sharing company’s stock after acquiring an additional 420,274 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Lyft were worth $5,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in Lyft in the 3rd quarter valued at $27,000. ORG Wealth Partners LLC acquired a new position in shares of Lyft during the fourth quarter worth $31,000. Capital Performance Advisors LLP bought a new position in Lyft in the third quarter valued at about $38,000. Quarry LP increased its stake in shares of Lyft by 4,032.6% in the second quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock valued at $50,000 after buying an additional 3,468 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in Lyft in the 3rd quarter valued at approximately $70,000. Institutional investors 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 stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $17.76, for a total transaction of $75,337.92. Following the transaction, the insider now directly owns 755,847 shares of the company’s stock, valued at $13,423,842.72. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lisa Blackwood-Kapral sold 9,081 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $18.02, for a total transaction of $163,639.62. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,242 shares of company stock worth $427,330 in the last three months. 3.07% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on LYFT. Susquehanna raised their price target on shares of Lyft from $10.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Morgan Stanley raised their price objective on Lyft from $16.50 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their target price on Lyft from $13.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Canaccord Genuity Group raised their price target on shares of Lyft from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Wedbush decreased their price objective on shares of Lyft from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Twenty-seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Lyft has an average rating of “Hold” and an average target price of $17.84.

Lyft Price Performance

Shares of NASDAQ:LYFT opened at $13.80 on Friday. The stock’s fifty day simple moving average is $14.84 and its 200-day simple moving average is $13.41. Lyft, Inc. has a 52-week low of $8.93 and a 52-week high of $20.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.44 billion. The firm’s quarterly revenue was up 31.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. On average, research analysts predict that Lyft, Inc. will post 0.06 EPS for the current year.

About Lyft

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.