WINTON GROUP Ltd Takes Position in Lyft, Inc. $LYFT

WINTON GROUP Ltd purchased a new stake in shares of Lyft, Inc. (NASDAQ:LYFT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 42,600 shares of the ride-sharing company’s stock, valued at approximately $825,000.

Several other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in shares of Lyft by 2.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 150,904 shares of the ride-sharing company’s stock valued at $2,923,000 after acquiring an additional 4,100 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Lyft by 22.2% in the fourth quarter. Sivia Capital Partners LLC now owns 42,776 shares of the ride-sharing company’s stock valued at $829,000 after buying an additional 7,768 shares during the period. Anchor Capital Advisors LLC acquired a new position in Lyft in the 4th quarter worth $695,000. AXQ Capital LP boosted its holdings in Lyft by 402.3% during the fourth quarter. AXQ Capital LP now owns 90,817 shares of the ride-sharing company’s stock worth $1,759,000 after purchasing an additional 72,738 shares during the last quarter. Finally, Mawer Investment Management Ltd. acquired a new position in Lyft during the fourth quarter worth $9,841,000. Institutional investors own 83.07% of the company’s stock.

Lyft Stock Down 1.1%

LYFT stock opened at $13.87 on Wednesday. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 2.02, a price-to-earnings-growth ratio of 0.87 and a beta of 1.82. The company’s 50 day moving average is $13.87 and its 200 day moving average is $16.01. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. Lyft, Inc. has a 1-year low of $12.46 and a 1-year high of $25.54.

Lyft (NASDAQ:LYFT) last issued its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.26). The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS. Sell-side analysts predict that Lyft, Inc. will post 0.66 EPS for the current fiscal year.

Lyft declared that its board has initiated a share repurchase 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 reacquire up to 15.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LYFT shares. Cantor Fitzgerald dropped their price objective on shares of Lyft from $21.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Needham & Company LLC reiterated a “hold” rating on shares of Lyft in a research note on Wednesday, February 11th. Zacks Research upgraded shares of Lyft from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lyft from $25.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. Finally, Barclays lowered their price objective on shares of Lyft from $27.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Eight analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Lyft presently has an average rating of “Hold” and a consensus target price of $18.83.

Insider Buying and Selling at Lyft

In other Lyft news, Director Jill Beggs sold 2,093 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total transaction of $28,799.68. Following the completion of the sale, the director owned 30,092 shares of the company’s stock, valued at $414,065.92. This represents a 6.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen W. Hope sold 5,460 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total transaction of $75,129.60. Following the sale, the chief accounting officer directly owned 335,463 shares of the company’s stock, valued at $4,615,970.88. The trade was a 1.60% 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 54,196 shares of company stock valued at $788,521 in the last quarter. Company insiders own 0.92% of the company’s stock.

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.