Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Takes $3.31 Million Position in LYFT Inc (NASDAQ:LYFT)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of LYFT Inc (NASDAQ:LYFT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 76,600 shares of the ride-sharing company’s stock, valued at approximately $3,308,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYFT. Advisory Services Network LLC lifted its holdings in shares of LYFT by 41.4% during the 4th quarter. Advisory Services Network LLC now owns 976 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 286 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of LYFT by 37.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,097 shares of the ride-sharing company’s stock valued at $45,000 after acquiring an additional 300 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of LYFT by 1.3% during the 3rd quarter. Rhumbline Advisers now owns 27,750 shares of the ride-sharing company’s stock valued at $1,133,000 after acquiring an additional 345 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of LYFT during the 1st quarter valued at $39,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of LYFT by 19.9% during the 3rd quarter. Golden State Wealth Management LLC now owns 3,130 shares of the ride-sharing company’s stock valued at $128,000 after acquiring an additional 520 shares in the last quarter. 44.44% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. Canaccord Genuity restated a “buy” rating and set a $70.00 target price on shares of LYFT in a report on Wednesday. KeyCorp restated a “hold” rating on shares of LYFT in a report on Monday, December 23rd. Loop Capital upgraded shares of LYFT from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Monday, November 25th. MKM Partners lifted their target price on shares of LYFT to in a report on Wednesday. Finally, Piper Jaffray Companies reduced their target price on shares of LYFT from $79.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.55.

In other news, Director Mary Agnes Wilderotter sold 1,663 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $52.49, for a total value of $87,290.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Kristin Sverchek sold 3,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $52.51, for a total transaction of $157,530.00. The disclosure for this sale can be found here. Insiders sold a total of 178,072 shares of company stock valued at $7,950,163 in the last three months.

LYFT opened at $44.69 on Friday. The company has a 50-day moving average of $46.89 and a 200-day moving average of $47.00. LYFT Inc has a 1-year low of $37.07 and a 1-year high of $88.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.49 and a quick ratio of 1.49.

LYFT (NASDAQ:LYFT) last released its earnings results on Tuesday, February 11th. The ride-sharing company reported ($1.19) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.22) by $0.03. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $984.49 million. LYFT had a negative net margin of 71.96% and a negative return on equity of 279.94%. On average, sell-side analysts anticipate that LYFT Inc will post -4.47 earnings per share for the current fiscal year.

LYFT Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.

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Institutional Ownership by Quarter for LYFT (NASDAQ:LYFT)

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