Lyft, Inc. (NASDAQ:LYFT – Get Free Report) insider Lindsay Catherine Llewellyn sold 4,243 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $12.00, for a total value of $50,916.00. Following the completion of the transaction, the insider now owns 760,089 shares in the company, valued at approximately $9,121,068. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Lindsay Catherine Llewellyn also recently made the following trade(s):
- On Tuesday, August 27th, Lindsay Catherine Llewellyn sold 8,486 shares of Lyft stock. The shares were sold at an average price of $11.76, for a total value of $99,795.36.
Lyft Stock Up 4.9 %
Shares of NASDAQ:LYFT opened at $12.25 on Wednesday. Lyft, Inc. has a 12-month low of $8.85 and a 12-month high of $20.82. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock’s 50-day moving average price is $11.59 and its 200-day moving average price is $14.77. The stock has a market capitalization of $4.94 billion, a P/E ratio of -26.06 and a beta of 2.04.
Institutional Investors Weigh In On Lyft
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of Lyft by 15.1% during the first quarter. Commonwealth Equity Services LLC now owns 39,613 shares of the ride-sharing company’s stock valued at $767,000 after acquiring an additional 5,184 shares during the last quarter. Swiss National Bank lifted its holdings in Lyft by 2.0% in the 1st quarter. Swiss National Bank now owns 683,100 shares of the ride-sharing company’s stock worth $13,218,000 after buying an additional 13,300 shares during the period. Corient Private Wealth LLC grew its position in shares of Lyft by 163.9% in the 4th quarter. Corient Private Wealth LLC now owns 100,826 shares of the ride-sharing company’s stock worth $1,511,000 after buying an additional 62,623 shares during the last quarter. Range Financial Group LLC purchased a new position in shares of Lyft during the first quarter valued at approximately $470,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Lyft during the first quarter valued at approximately $41,000. 83.07% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
LYFT has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Lyft from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Barclays dropped their price target on shares of Lyft from $20.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Fox Advisors upgraded shares of Lyft from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Friday, June 7th. Gordon Haskett raised Lyft from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.00 to $20.00 in a report on Friday, June 7th. Finally, Melius assumed coverage on Lyft in a research note on Monday, July 22nd. They set a “hold” rating and a $15.00 price objective on the stock. Twenty-six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lyft currently has an average rating of “Hold” and a consensus price target of $15.65.
About Lyft
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.
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