29,659 Lyft, Inc. $LYFT Shares Sold by CenterBook Partners LP

CenterBook Partners LP lowered its position in shares of Lyft, Inc. (NASDAQ:LYFT) by 32.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,426 shares of the ride-sharing company’s stock after selling 29,659 shares during the period. CenterBook Partners LP’s holdings in Lyft were worth $907,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Lyft by 250.0% during the 1st quarter. Principal Financial Group Inc. now owns 4,246,519 shares of the ride-sharing company’s stock valued at $56,479,000 after purchasing an additional 3,033,333 shares during the period. Altshuler Shaham Ltd boosted its stake in Lyft by 51.6% in the 1st quarter. Altshuler Shaham Ltd now owns 7,662,027 shares of the ride-sharing company’s stock worth $101,905,000 after purchasing an additional 2,607,417 shares during the period. Junto Capital Management LP bought a new position in Lyft in the 2nd quarter worth about $36,926,000. Dimensional Fund Advisors LP boosted its stake in 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 worth $89,360,000 after purchasing an additional 2,467,010 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Lyft by 62.2% during the 1st quarter. Pacer Advisors Inc. now owns 3,189,313 shares of the ride-sharing company’s stock valued at $42,418,000 after buying an additional 1,223,536 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.

Insider Buying and Selling

In other Lyft news, CAO Stephen W. Hope sold 5,982 shares of Lyft stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $17.34, for a total transaction of $103,727.88. Following the completion of the sale, the chief accounting officer directly owned 299,974 shares in the company, valued at $5,201,549.16. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Llewellyn sold 13,204 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $16.64, for a total transaction of $219,714.56. Following the completion of the transaction, the insider directly owned 781,152 shares of the company’s stock, valued at approximately $12,998,369.28. This represents a 1.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 61,586 shares of company stock valued at $1,024,326 in the last 90 days. 0.92% of the stock is owned by company insiders.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft’s third-quarter revenue rose 8.1%, with record rides, higher gross bookings and improving adjusted EBITDA indicating operating momentum, despite an earnings setback. Zacks article
• Positive Sentiment: Lyft launched Lyft Go, a membership offering 8% back on rides and orders, which could support customer loyalty and spending. Lyft Go article
• Neutral Sentiment: Lyft’s CEO is scheduled to participate in a fireside chat at the 2026 RBC Capital Markets conference; no specific new business or financial guidance was reported. Conference announcement
• Negative Sentiment: The DOJ sued Lyft, alleging the company and its drivers routinely denied rides to people using stowable wheelchairs or traveling with service animals, in violation of the Americans with Disabilities Act. The government is seeking $53 million; Lyft disputes the allegations. The suit could bring legal costs, penalties and reputational damage. Department of Justice announcement
• Negative Sentiment: Analyst sentiment was mixed to cautious: Fox Advisors downgraded Lyft to “equal weight,” while Canaccord raised its price target to $17 from $16 but retained a “hold” rating. Recent coverage also noted Lyft’s quarterly earnings miss. Coverage of the lawsuit

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LYFT shares. Wells Fargo & Company decreased their price target on Lyft from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Canaccord Genuity Group raised their price objective on shares of Lyft from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Monday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Lyft in a research note on Friday. Jefferies Financial Group upped their target price on shares of Lyft from $15.00 to $15.50 and gave the stock a “hold” rating in a report on Tuesday, July 14th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of Lyft in a report on Monday. Ten investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.89.

Lyft Price Performance

Shares of NASDAQ LYFT opened at $17.02 on Wednesday. The firm has a market capitalization of $6.44 billion, a P/E ratio of 2.53, a P/E/G ratio of 1.04 and a beta of 2.06. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $16.18 and its two-hundred day simple moving average is $15.11. Lyft, Inc. has a twelve month low of $12.46 and a twelve month high of $25.54.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings results on Thursday, November 5th. The ride-sharing company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Lyft had a net margin of 40.67% and a return on equity of 1.25%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the business posted $0.11 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Lyft, Inc. will post 0.81 EPS for the current fiscal year.

Lyft Profile

Lyft operates a mobile platform that connects people seeking transportation with drivers who provide rides. Through its app, customers can request on-demand trips, schedule rides in advance, and access other ride options where available. The company also offers Lyft Pink, a membership program with benefits for eligible rides and services. Lyft provides transportation programs for businesses and organizations through Lyft Business, including tools for arranging and managing rides. The company’s platform primarily serves markets in the United States and Canada.