Cwm LLC Grows Holdings in Lyft, Inc. (NASDAQ:LYFT)

Cwm LLC raised its position in shares of Lyft, Inc. (NASDAQ:LYFT) by 15.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,190 shares of the ride-sharing company’s stock after purchasing an additional 1,093 shares during the quarter. Cwm LLC’s holdings in Lyft were worth $123,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LYFT. SG Americas Securities LLC lifted its stake in shares of Lyft by 11.3% during the 3rd quarter. SG Americas Securities LLC now owns 55,465 shares of the ride-sharing company’s stock valued at $585,000 after buying an additional 5,653 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Lyft by 5.1% in the third quarter. Commonwealth Equity Services LLC now owns 31,886 shares of the ride-sharing company’s stock worth $336,000 after acquiring an additional 1,535 shares during the period. Xponance Inc. boosted its stake in shares of Lyft by 10.9% in the third quarter. Xponance Inc. now owns 49,200 shares of the ride-sharing company’s stock worth $519,000 after acquiring an additional 4,821 shares during the period. Bank of New York Mellon Corp grew its position in shares of Lyft by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 2,459,043 shares of the ride-sharing company’s stock worth $25,918,000 after purchasing an additional 27,928 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Lyft by 16.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,727 shares of the ride-sharing company’s stock worth $703,000 after purchasing an additional 9,663 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors.

Lyft Trading Up 2.1 %

Shares of NASDAQ LYFT opened at $17.20 on Monday. Lyft, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $20.82. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $6.88 billion, a price-to-earnings ratio of -19.33 and a beta of 2.05. The business’s 50 day moving average price is $17.72 and its 200-day moving average price is $14.48.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings data on Tuesday, February 13th. The ride-sharing company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.14. Lyft had a negative return on equity of 54.80% and a negative net margin of 7.73%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. On average, sell-side analysts expect that Lyft, Inc. will post -0.35 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Lyft from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. TD Cowen boosted their price target on shares of Lyft from $10.00 to $12.00 and gave the stock a “market perform” rating in a research note on Monday, January 22nd. Wedbush reissued a “neutral” rating and set a $15.00 price objective (up previously from $14.00) on shares of Lyft in a report on Wednesday, February 14th. Royal Bank of Canada raised Lyft from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $17.00 to $23.00 in a report on Monday, March 4th. Finally, Wells Fargo & Company increased their price target on Lyft from $15.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.05.

Insider Buying and Selling

In other Lyft news, President Kristin Sverchek sold 3,500 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $17.50, for a total value of $61,250.00. Following the transaction, the president now directly owns 60,778 shares in the company, valued at approximately $1,063,615. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Kristin Sverchek sold 3,500 shares of Lyft stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $17.50, for a total transaction of $61,250.00. Following the completion of the sale, the president now owns 60,778 shares of the company’s stock, valued at $1,063,615. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Logan Green sold 11,867 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $15.69, for a total value of $186,193.23. Following the completion of the transaction, the director now directly owns 346,341 shares in the company, valued at approximately $5,434,090.29. The disclosure for this sale can be found here. Insiders have sold 280,526 shares of company stock valued at $5,358,031 in the last 90 days. Company insiders own 3.16% of the company’s stock.

Lyft Company 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.