Illinois Municipal Retirement Fund Buys 128,212 Shares of Lyft, Inc. $LYFT

Illinois Municipal Retirement Fund raised its stake in Lyft, Inc. (NASDAQ:LYFT) by 65.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 323,527 shares of the ride-sharing company’s stock after purchasing an additional 128,212 shares during the period. Illinois Municipal Retirement Fund owned 0.08% of Lyft worth $7,121,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Empowered Funds LLC grew its stake in Lyft by 13.7% in the 1st quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock valued at $287,000 after buying an additional 2,921 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Lyft by 44.0% during the first quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock worth $607,000 after acquiring an additional 15,621 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Lyft in the second quarter valued at approximately $470,000. IFP Advisors Inc increased its stake in shares of Lyft by 316.8% during the second quarter. IFP Advisors Inc now owns 6,835 shares of the ride-sharing company’s stock worth $108,000 after purchasing an additional 5,195 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Lyft by 92.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 34,536 shares of the ride-sharing company’s stock worth $544,000 after purchasing an additional 16,570 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LYFT. Cantor Fitzgerald decreased their price objective on Lyft from $21.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday. Morgan Stanley set a $17.00 price target on shares of Lyft in a research report on Wednesday. DA Davidson cut their price objective on shares of Lyft from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Lyft in a report on Wednesday. Finally, Canaccord Genuity Group cut their price target on Lyft from $19.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Lyft presently has an average rating of “Hold” and a consensus price target of $19.98.

Insider Activity at Lyft

In other Lyft news, Director Prashant Aggarwal sold 96,900 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $22.30, for a total transaction of $2,160,870.00. Following the sale, the director directly owned 874,369 shares of the company’s stock, valued at $19,498,428.70. The trade was a 9.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Lawee sold 6,578 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $22.55, for a total transaction of $148,333.90. Following the completion of the transaction, the director owned 104,460 shares of the company’s stock, valued at approximately $2,355,573. This trade represents a 5.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 187,443 shares of company stock worth $4,178,618 in the last three months. Insiders own 3.07% of the company’s stock.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Company guided to up to ~20% gross bookings growth for Q1 and reported record active riders and a 37% jump in EBITDA, suggesting improving operating leverage despite a headline loss. Zacks: Lyft Earnings & Revenues Fall Short
• Positive Sentiment: Company authorized a material share‑buyback (reported at ~$1.0B), which can support the stock and is a common reason for short‑term upward moves after a sell‑off. American Banking News: Lyft to Repurchase $1.00B
• Positive Sentiment: Value investors/analysts argue the post‑earnings drop is overdone — highlighting cheap multiples (low P/E, low P/S) and suggesting the share price presents an entry point. Seeking Alpha: Lyft’s Earnings Crash Is Overdone
• Neutral Sentiment: Technical note: some traders flag LYFT as oversold and sitting near support, which can trigger short‑term bounces but is not fundamentally decisive. Benzinga: Stock Of The Day
• Neutral Sentiment: Management publicly pushed back as the stock tumbled; CEO commentary may be intended to calm investors but hasn’t removed uncertainty. MSN: Lyft CEO Responds
• Negative Sentiment: Earnings and revenue miss triggered a large sell‑off — investors punished weaker-than-expected top‑line growth and an operating loss despite bookings strength, causing steep recent volatility. Zacks: Earnings & Revenues Fall Short
• Negative Sentiment: Market concern over accounting and “masked” weak growth was highlighted in coverage that tied accounting treatment to the stock’s 16% crash, raising investor skepticism. Yahoo Finance: Accounting Concerns
• Negative Sentiment: Analysts cut ratings/targets (e.g., Mizuho lowered its target and set a neutral rating) and at least one notable downgrade spurred further downside pressure. Benzinga: Mizuho Lowers Target
• Negative Sentiment: Ongoing safety incidents, violent assaults on drivers/riders and litigation (attempted kidnapping claims, murder/shootings, and a lawsuit alleging a passenger was taken to an attacker) raise regulatory, reputational and legal risk that can hurt demand and increase costs. AOL: Driver Murder Yahoo: Kidnapping Allegation Detroit News: Lawsuit
• Negative Sentiment: Competitive/regulatory risk: a new NYC ride app claims lower fares vs. Uber/Lyft but the city says the app is operating illegally — highlights pricing pressure and regulatory complexity in core markets. Yahoo: NYC Ride App vs. Lyft

Lyft Stock Performance

Shares of NASDAQ:LYFT opened at $13.27 on Friday. Lyft, Inc. has a 1 year low of $9.66 and a 1 year high of $25.54. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 1.95, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.65 and a quick ratio of 0.72. The company’s 50 day simple moving average is $18.49 and its 200 day simple moving average is $19.00.

Lyft declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the ride-sharing company to repurchase up to 15.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Lyft 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.