Vanguard Group Inc. Reduces Stock Position in Lyft, Inc. $LYFT

Vanguard Group Inc. decreased its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,970,185 shares of the ride-sharing company’s stock after selling 1,552,201 shares during the quarter. Vanguard Group Inc. owned about 9.10% of Lyft worth $813,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in LYFT. AQR Capital Management LLC grew its holdings in Lyft by 144.9% during the 2nd quarter. AQR Capital Management LLC now owns 24,009,925 shares of the ride-sharing company’s stock valued at $378,396,000 after buying an additional 14,205,143 shares in the last quarter. Geode Capital Management LLC increased its holdings in Lyft by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 6,633,591 shares of the ride-sharing company’s stock worth $104,561,000 after acquiring an additional 20,354 shares during the period. Marshall Wace LLP boosted its holdings in Lyft by 75.7% in the 2nd quarter. Marshall Wace LLP now owns 5,464,934 shares of the ride-sharing company’s stock valued at $86,127,000 after purchasing an additional 2,353,769 shares during the period. Los Angeles Capital Management LLC grew its position in shares of Lyft by 415.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,714,935 shares of the ride-sharing company’s stock valued at $58,547,000 after purchasing an additional 2,993,807 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Lyft by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,521,652 shares of the ride-sharing company’s stock valued at $55,501,000 after purchasing an additional 376,661 shares in the last quarter. 83.07% of the stock is owned by institutional investors.

Lyft Stock Up 0.4%

LYFT opened at $13.95 on Monday. Lyft, Inc. has a 12 month low of $9.66 and a 12 month high of $25.54. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $17.75 and its 200-day moving average price is $19.05. The company has a market cap of $5.55 billion, a P/E ratio of 2.05, a P/E/G ratio of 0.81 and a beta of 1.93.

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

Insiders Place Their Bets

In other news, CEO John David Risher acquired 5,030 shares of the stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of $19.80 per share, with a total value of $99,594.00. Following the completion of the purchase, the chief executive officer owned 11,802,296 shares in the company, valued at approximately $233,685,460.80. The trade was a 0.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Prashant Aggarwal sold 96,900 shares of Lyft stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $22.30, for a total value of $2,160,870.00. Following the completion of the sale, the director owned 874,369 shares in the company, valued at approximately $19,498,428.70. This represents a 9.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 187,443 shares of company stock worth $4,178,618. 3.07% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LYFT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Lyft from $25.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, February 11th. Evercore set a $21.00 price objective on Lyft in a report on Wednesday, February 11th. TD Cowen reaffirmed a “buy” rating on shares of Lyft in a research note on Wednesday, February 11th. Sanford C. Bernstein lifted their target price on shares of Lyft from $22.00 to $23.00 and gave the company a “market perform” rating in a research report on Monday, November 10th. Finally, Cantor Fitzgerald cut their price target on shares of Lyft from $21.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Ten equities research 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, Lyft currently has an average rating of “Hold” and an average price target of $19.66.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Bullish take arguing Lyft still has “incredible upside” despite autonomous‑vehicle fears, highlighting potential long‑term value if execution/monetization improves. Lyft: Incredible Upside Potential Despite AV Fears
• Neutral Sentiment: Lyft CFO Erin Brewer will appear at the Bernstein TMT forum next week; the fireside chat (webcast available) gives management a venue to address guidance, margin plans and cost discipline with investors. Lyft CFO to Participate in Fireside Chat at the Bernstein TMT Forum
• Neutral Sentiment: Comparisons between Uber and Lyft after Q4 suggest both firms missed, but analysts point to differences in valuation, buybacks and recent price performance when choosing which ride‑hailer might rebound faster. That framing leaves Lyft more exposed to sentiment shifts. UBER vs. LYFT: Which Ride‑Hailing Stock Is Better Placed Post Q4?
• Negative Sentiment: Q4 update: revenue growth missed expectations even though non‑GAAP profit topped forecasts — investors have punished the stock on growth concerns, contributing to sharp short‑term declines. Lyft (NasdaqGS:LYFT) Valuation Check After Q4 Miss On Revenue Growth But Beat On Non GAAP Profit
• Negative Sentiment: Analysts have trimmed Lyft’s fair value and nudged up required returns, lowering growth assumptions (fair value moved from ~$24.07 to ~$20.31 in one note) — a direct headwind for sentiment and target prices. How The Story Behind Lyft (LYFT) Is Changing As Analysts Reset Expectations
• Negative Sentiment: Local criminal case: two teens charged in a fatal shooting of a Lyft driver — a reputational and liability issue that can raise regulatory/safety scrutiny and insurance/legal costs. 2 teens charged for Lyft driver’s deadly shooting
• Negative Sentiment: Operational cost pressure at airports: reports say SFO is collecting record fees from Uber and Lyft, which can squeeze margins on key pickup/drop‑off locations and make unit economics tougher. SFO is taking your Uber and Lyft cash at a new record high

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.