Quantinno Capital Management LP Grows Stock Holdings in Lyft, Inc. $LYFT

Quantinno Capital Management LP raised its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 50.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 342,430 shares of the ride-sharing company’s stock after buying an additional 114,582 shares during the quarter. Quantinno Capital Management LP’s holdings in Lyft were worth $4,554,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LYFT. Strs Ohio increased its stake in Lyft by 4,527.6% during the fourth quarter. Strs Ohio now owns 440,405 shares of the ride-sharing company’s stock worth $8,531,000 after acquiring an additional 430,888 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lyft by 58.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,720,478 shares of the ride-sharing company’s stock valued at $89,360,000 after purchasing an additional 2,467,010 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Lyft by 36.6% in the 1st quarter. Bank of New York Mellon Corp now owns 2,289,671 shares of the ride-sharing company’s stock worth $30,453,000 after purchasing an additional 613,494 shares during the period. West Tower Group LLC boosted its holdings in shares of Lyft by 207.6% in the 1st quarter. West Tower Group LLC now owns 138,432 shares of the ride-sharing company’s stock worth $1,841,000 after purchasing an additional 93,432 shares during the period. Finally, OP Asset Management Ltd bought a new position in shares of Lyft during the 1st quarter valued at approximately $992,000. 83.07% of the stock is currently owned by institutional investors.

Insider Transactions at Lyft

In other news, insider Lindsay Catherine Llewellyn sold 36,214 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $16.14, for a total transaction of $584,493.96. Following the transaction, the insider owned 817,517 shares of the company’s stock, valued at approximately $13,194,724.38. This represents a 4.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total value of $28,799.68. Following the transaction, the director owned 30,092 shares in the company, valued at approximately $414,065.92. This represents a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 81,749 shares of company stock valued at $1,221,950 over the last 90 days. 0.92% of the stock is owned by corporate insiders.

Lyft Stock Performance

Lyft stock opened at $16.30 on Friday. The company has a 50 day moving average price of $14.88 and a 200-day moving average price of $14.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. Lyft, Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $25.54. The company has a market capitalization of $6.19 billion, a PE ratio of 2.38, a P/E/G ratio of 0.98 and a beta of 1.80.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings data on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. As a group, equities analysts forecast that Lyft, Inc. will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Canaccord Genuity Group lowered their price target on Lyft from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Jefferies Financial Group boosted their price objective on shares of Lyft from $15.00 to $15.50 and gave the company a “hold” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. increased their target price on shares of Lyft from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Morgan Stanley raised their target price on shares of Lyft from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $28.00 price target on shares of Lyft in a research note on Wednesday, June 24th. Twelve investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.43.

Key Headlines Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft reported second-quarter revenue of approximately $1.84 billion, up 16.1% year over year and ahead of the $1.81 billion analyst estimate. The company also reported record active riders, supported by demand for higher-value rides, international expansion, and partnerships. Lyft signals steady demand as second-quarter revenue tops estimates
• Positive Sentiment: Second-quarter gross bookings climbed to about $5.5 billion. Lyft’s outlook for the current quarter calls for bookings growth that is slightly above Wall Street expectations, potentially signaling continued demand despite a more cautious growth trajectory. Lyft signals steady demand as second-quarter revenue tops estimates
• Neutral Sentiment: Lyft highlighted record quarterly growth and profitability gains, but reported metrics were mixed. Investors will likely focus on whether higher-value rides and international operations can sustain growth while the company expands its platform. Lyft Reports Record Q2 Growth and Profitability Gains
• Negative Sentiment: Adjusted second-quarter earnings fell short of expectations. Zacks cited EPS of $0.29 versus a $0.39 consensus estimate; another report cited $0.13 versus $0.14. Although earnings improved from the prior year, the miss raises concerns about cost control and profit growth. Lyft Misses Q2 Earnings Estimates
• Negative Sentiment: Management expects current-quarter bookings growth of roughly 15% to 19%, indicating a slowdown from the recent pace. That moderation may limit enthusiasm despite the revenue beat and slightly favorable bookings outlook. Lyft’s Bookings Climb, But Expects Growth to Moderate
• Negative Sentiment: Insider Lindsay Catherine Llewellyn sold 36,214 shares worth approximately $584,494 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and the insider retained more than 817,000 shares, its impact is likely limited, but it may add modest sentiment pressure. Lyft Insider Sale

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.