Virtu Financial LLC Has $940,000 Holdings in Lyft, Inc. $LYFT

Virtu Financial LLC boosted its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 352.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,530 shares of the ride-sharing company’s stock after acquiring an additional 37,810 shares during the period. Virtu Financial LLC’s holdings in Lyft were worth $940,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in shares of Lyft by 13.7% during the first quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock worth $287,000 after purchasing an additional 2,921 shares during the period. Focus Partners Wealth grew its position in shares of Lyft by 44.0% in the 1st quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock valued at $607,000 after purchasing an additional 15,621 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Lyft in the 2nd quarter valued at approximately $470,000. Invesco Ltd. grew its position in shares of Lyft by 87.5% in the 2nd quarter. Invesco Ltd. now owns 1,064,930 shares of the ride-sharing company’s stock valued at $16,783,000 after purchasing an additional 497,118 shares during the period. Finally, California Public Employees Retirement System increased its stake in Lyft by 12.6% during the 2nd quarter. California Public Employees Retirement System now owns 709,188 shares of the ride-sharing company’s stock worth $11,177,000 after purchasing an additional 79,634 shares in the last quarter. 83.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on LYFT shares. William Blair downgraded shares of Lyft to a “market perform” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Lyft in a research report on Wednesday, May 6th. Guggenheim reissued a “buy” rating on shares of Lyft in a research report on Wednesday, June 10th. Citigroup initiated coverage on shares of Lyft in a report on Wednesday. They set a “buy” rating on the stock. Finally, Oppenheimer began coverage on shares of Lyft in a research report on Wednesday. They issued an “outperform” rating on the stock. Twelve analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.93.

Lyft Price Performance

Shares of Lyft stock opened at $14.28 on Monday. The firm has a market cap of $5.42 billion, a PE ratio of 2.08, a P/E/G ratio of 0.85 and a beta of 1.82. The business’s 50 day simple moving average is $13.97 and its 200 day simple moving average is $15.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. Lyft, Inc. has a 52-week low of $12.46 and a 52-week high of $25.54.

Lyft (NASDAQ:LYFT) last released its quarterly earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company earned $0.01 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. On average, analysts predict that Lyft, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Lyft

In related news, insider Lindsay Catherine Llewellyn sold 11,491 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $15.00, for a total value of $172,365.00. Following the completion of the transaction, the insider owned 853,731 shares of the company’s stock, valued at approximately $12,805,965. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of Lyft 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 in the company, valued at $414,065.92. The trade was a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 69,196 shares of company stock worth $992,371. Company insiders own 0.92% of the company’s stock.

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.