100,952 Shares in Lyft, Inc. $LYFT Purchased by Carrera Capital Advisors

Carrera Capital Advisors acquired a new stake in Lyft, Inc. (NASDAQ:LYFT) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 100,952 shares of the ride-sharing company’s stock, valued at approximately $2,222,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Amalgamated Bank boosted its stake in shares of Lyft by 2.5% in the third quarter. Amalgamated Bank now owns 21,652 shares of the ride-sharing company’s stock valued at $477,000 after buying an additional 534 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Lyft by 2.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 35,372 shares of the ride-sharing company’s stock valued at $779,000 after acquiring an additional 836 shares during the period. Earned Wealth Advisors LLC boosted its position in shares of Lyft by 4.8% during the 3rd quarter. Earned Wealth Advisors LLC now owns 19,164 shares of the ride-sharing company’s stock worth $422,000 after purchasing an additional 881 shares in the last quarter. Main Street Financial Solutions LLC grew its stake in shares of Lyft by 3.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 24,688 shares of the ride-sharing company’s stock worth $389,000 after purchasing an additional 909 shares during the period. Finally, Bogart Wealth LLC grew its stake in shares of Lyft by 46.3% during the 3rd quarter. Bogart Wealth LLC now owns 3,161 shares of the ride-sharing company’s stock worth $70,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft Price Performance

Shares of NASDAQ:LYFT opened at $16.87 on Friday. The business’s fifty day moving average price is $19.62 and its two-hundred day moving average price is $18.96. The stock has a market cap of $6.74 billion, a PE ratio of 44.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.94. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.72 and a current ratio of 0.72. Lyft, Inc. has a one year low of $9.66 and a one year high of $25.54.

Lyft (NASDAQ:LYFT) last released its quarterly 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). Lyft had a return on equity of 18.29% and a net margin of 2.40%.The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm earned $0.29 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. On average, analysts forecast that Lyft, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on LYFT. UBS Group raised their price objective on shares of Lyft from $15.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lyft in a research report on Thursday, January 22nd. Wall Street Zen lowered Lyft from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Sanford C. Bernstein upped their price target on Lyft from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Monday, November 10th. Finally, DA Davidson set a $22.00 price objective on Lyft in a research note on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.76.

Insider Transactions at Lyft

In other news, CEO John David Risher bought 5,030 shares of Lyft stock in a transaction on Wednesday, December 10th. The shares were bought at an average cost of $19.80 per share, for a total transaction of $99,594.00. Following the acquisition, the chief executive officer owned 11,802,296 shares in the company, valued at approximately $233,685,460.80. This trade represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $22.30, for a total transaction of $2,160,870.00. Following the sale, the director directly owned 874,369 shares in the company, valued at $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. Insiders have sold a total of 187,443 shares of company stock worth $4,178,618 in the last ninety days. Company insiders own 3.07% of the company’s stock.

Lyft Company 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.