12,885 Shares in Lyft, Inc. $LYFT Bought by Northwest Wealth Management LLC

Northwest Wealth Management LLC purchased a new stake in Lyft, Inc. (NASDAQ:LYFT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,885 shares of the ride-sharing company’s stock, valued at approximately $203,000.

A number of other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Lyft by 162.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,943 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 1,203 shares in the last quarter. Atwood & Palmer Inc. acquired a new position in Lyft during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC boosted its position in Lyft by 81.4% during the 1st quarter. GAMMA Investing LLC now owns 2,756 shares of the ride-sharing company’s stock worth $33,000 after acquiring an additional 1,237 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Lyft during the 1st quarter worth approximately $35,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Lyft in the first quarter valued at approximately $35,000. 83.07% of the stock is currently owned by institutional investors.

Insider Activity at Lyft

In other Lyft news, insider Lindsay Catherine Llewellyn sold 14,606 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $20.00, for a total transaction of $292,120.00. Following the completion of the sale, the insider owned 835,782 shares of the company’s stock, valued at $16,715,640. This trade represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John David Risher acquired 5,926 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was bought at an average price of $16.88 per share, for a total transaction of $100,030.88. Following the completion of the acquisition, the chief executive officer owned 11,797,266 shares of the company’s stock, valued at approximately $199,137,850.08. The trade was a 0.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 74,427 shares of company stock worth $1,252,686. Company insiders own 3.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Lyft from $19.00 to $20.50 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Mizuho began coverage on shares of Lyft in a research note on Tuesday. They set a “neutral” rating and a $24.00 price objective for the company. Wells Fargo & Company lifted their target price on Lyft from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, September 5th. UBS Group increased their price target on Lyft from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Finally, Cowen restated a “buy” rating on shares of Lyft in a research note on Wednesday, September 24th. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lyft presently has a consensus rating of “Hold” and an average target price of $19.02.

Lyft Stock Down 4.0%

Shares of LYFT stock opened at $22.01 on Wednesday. Lyft, Inc. has a 52-week low of $9.66 and a 52-week high of $23.50. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 91.71, a PEG ratio of 3.59 and a beta of 2.33. The firm’s 50-day moving average is $17.14 and its 200-day moving average is $15.05. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.70 and a current ratio of 0.70.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.17). The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. Lyft had a return on equity of 14.32% and a net margin of 1.51%.Lyft’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Sell-side analysts predict that Lyft, Inc. will post 0.22 EPS for the current year.

Lyft Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.