Ensign Peak Advisors Inc Raises Stake in Lyft, Inc. (NASDAQ:LYFT)

Ensign Peak Advisors Inc increased its stake in shares of Lyft, Inc. (NASDAQ:LYFT – Get Rating) by 3.2% during the third quarter, HoldingsChannel.com reports. The firm owned 77,760 shares of the ride-sharing company’s stock after buying an additional 2,420 shares during the period. Ensign Peak Advisors Inc’s holdings in Lyft were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LYFT. Geneos Wealth Management Inc. increased its stake in Lyft by 4.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 13,303 shares of the ride-sharing company’s stock worth $510,000 after acquiring an additional 530 shares during the last quarter. Castleview Partners LLC increased its stake in Lyft by 1,228.0% in the 2nd quarter. Castleview Partners LLC now owns 664 shares of the ride-sharing company’s stock worth $50,000 after acquiring an additional 614 shares during the last quarter. Clearstead Advisors LLC increased its stake in Lyft by 58.9% in the 2nd quarter. Clearstead Advisors LLC now owns 1,845 shares of the ride-sharing company’s stock worth $25,000 after acquiring an additional 684 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Lyft by 1.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 47,604 shares of the ride-sharing company’s stock worth $626,000 after acquiring an additional 831 shares during the last quarter. Finally, Krilogy Financial LLC increased its stake in Lyft by 2.5% in the 3rd quarter. Krilogy Financial LLC now owns 34,532 shares of the ride-sharing company’s stock worth $455,000 after acquiring an additional 853 shares during the last quarter. Hedge funds and other institutional investors own 79.44% of the company’s stock.

Analysts Set New Price Targets

LYFT has been the topic of a number of research analyst reports. Cowen decreased their target price on Lyft from $14.00 to $11.00 and set a “market perform” rating on the stock in a research note on Friday, February 10th. Atlantic Securities reduced their price objective on Lyft to $14.00 in a research report on Tuesday, November 15th. Jefferies Financial Group started coverage on Lyft in a report on Monday, January 9th. They set a “hold” rating and a $12.00 target price for the company. Morgan Stanley dropped their target price on Lyft from $17.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, February 10th. Finally, Roth Capital restated a “neutral” rating on shares of Lyft in a report on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, twenty-eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Lyft presently has a consensus rating of “Hold” and an average price target of $17.54.

Insiders Place Their Bets

In other Lyft news, Director Mary Agnes Wilderotter sold 1,826 shares of Lyft stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $16.65, for a total value of $30,402.90. Following the completion of the sale, the director now owns 36,904 shares of the company’s stock, valued at approximately $614,451.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.31% of the company’s stock.

Lyft Stock Down 2.4 %

Lyft stock opened at $8.71 on Monday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of -1.95 and a beta of 1.75. The stock has a fifty day simple moving average of $12.89 and a two-hundred day simple moving average of $12.96. Lyft, Inc. has a 12 month low of $8.46 and a 12 month high of $40.46. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.07.

About Lyft

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Lyft, Inc engages in the provision and management of an online social rideshare community platform. It provides access to a network of shared bikes and scooters for shorter rides and first-mile and last-mile legs of multimodal trips, information about nearby public transit routes, and Lyft Rentals to offer riders a view of transportation options when planning any trip.