Lyft, Inc. $LYFT Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,518,430 shares of the ride-sharing company’s stock after selling 155,790 shares during the quarter. Primecap Management Co. CA’s holdings in Lyft were worth $99,451,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of Lyft by 13.7% during the 1st quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock valued at $287,000 after acquiring an additional 2,921 shares during the last quarter. Focus Partners Wealth increased its position in Lyft by 44.0% during the first quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock worth $607,000 after purchasing an additional 15,621 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Lyft during the second quarter worth approximately $470,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Lyft during the second quarter worth approximately $384,000. Finally, AlphaQuest LLC boosted its holdings in shares of Lyft by 155.0% in the 2nd quarter. AlphaQuest LLC now owns 12,101 shares of the ride-sharing company’s stock valued at $191,000 after purchasing an additional 7,355 shares during the last quarter. 83.07% of the stock is owned by institutional investors and hedge funds.

Lyft Stock Up 5.3%

Shares of Lyft stock opened at $14.12 on Friday. Lyft, Inc. has a 1-year low of $9.66 and a 1-year high of $25.54. The company has a market capitalization of $5.62 billion, a PE ratio of 2.07, a P/E/G ratio of 0.81 and a beta of 1.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50-day moving average of $17.29 and a 200-day moving average of $18.97.

Lyft declared that its board has approved a share buyback program on Tuesday, February 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the ride-sharing company to repurchase up to 15.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

LYFT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Lyft from $25.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. Wedbush cut their price objective on Lyft from $16.00 to $13.00 and set an “underperform” rating on the stock in a report on Wednesday, February 11th. KeyCorp reaffirmed a “sector weight” rating on shares of Lyft in a research note on Wednesday, February 11th. TD Cowen reiterated a “buy” rating on shares of Lyft in a report on Wednesday, February 11th. Finally, Barclays cut their price target on shares of Lyft from $27.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Ten equities research 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 company’s stock. Based on data from MarketBeat.com, Lyft has a consensus rating of “Hold” and an average price target of $19.66.

Insiders Place Their Bets

In other Lyft news, CEO John David Risher bought 5,030 shares of Lyft stock in a transaction dated Wednesday, December 10th. The stock was bought at an average cost of $19.80 per share, for a total transaction of $99,594.00. Following the purchase, the chief executive officer owned 11,802,296 shares in the company, valued at $233,685,460.80. This represents a 0.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Prashant Aggarwal sold 96,900 shares of the firm’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 transaction of $2,160,870.00. Following the sale, the director directly owned 874,369 shares of the company’s stock, valued at $19,498,428.70. The trade was a 9.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 185,977 shares of company stock valued at $4,148,932. Company insiders own 3.07% of the company’s stock.

Lyft News Summary

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Analyst/investor bulls argue Lyft is materially cheaper after the recent selloff and see upside from reset expectations, European expansion and partnerships — a tactical “catch‑up” trade narrative supporting buying interest. Read More.
• Positive Sentiment: Several bullish writeups (e.g., “3 Reasons We Love This Stock”) highlight valuation, long‑term TAM and margin recovery potential — reinforcing investor conviction and helping lift sentiment. Read More.
• Positive Sentiment: Market commentary asks whether Lyft has “hit a floor,” suggesting limited downside and a base for recovery that attracts value-oriented buyers. Read More.
• Neutral Sentiment: Options-market flow coverage shows active positioning around LYFT (puts and calls), signaling heightened trader interest and volatility expectations but not a clear directional read for fundamentals. Read More.
• Neutral Sentiment: Analysis that combines Lyft’s FreeNow acquisition with new California driver unionization outlines both growth (geographic scale) and cost/structure risks — a mixed development that reshapes the company’s growth and valuation path without a clearly bullish or bearish immediate read. Read More.
• Neutral Sentiment: Industry moves (a former Lyft exec joining another company’s board) and broader tech/AI event coverage are peripheral to Lyft’s near‑term stock drivers. Read More.
• Negative Sentiment: Driver advocacy in Washington state and Seattle protests calling for companies to stop hiring new drivers highlight labor/market conflict and potential regulatory or operational constraints that could raise costs or slow supply-side scaling. Read More.
• Negative Sentiment: Safety incident coverage (passenger harmed during a ride) and local criticism of Lyft’s Citi Bike pricing/operations raise reputational and regulatory risk concerns that can pressure consumer trust and invite scrutiny. Read More. Read More.
• Negative Sentiment: Local worker actions and reports that many ride miles are empty (no passenger) underscore structural inefficiencies in supply utilization that could suppress per‑ride economics and margin recovery. Read More.

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.