Healthcare of Ontario Pension Plan Trust Fund Has $1.73 Million Holdings in Lyft, Inc. (NASDAQ:LYFT)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Lyft, Inc. (NASDAQ:LYFT) by 54.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,366 shares of the ride-sharing company’s stock after buying an additional 47,566 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Lyft were worth $1,726,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LYFT. International Assets Investment Management LLC bought a new position in shares of Lyft during the second quarter valued at $35,000. Brown Brothers Harriman & Co. bought a new position in Lyft during the 2nd quarter valued at about $35,000. Capital Performance Advisors LLP acquired a new position in Lyft in the third quarter valued at about $38,000. Quarry LP boosted its position in Lyft by 4,032.6% in the second quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock valued at $50,000 after buying an additional 3,468 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in Lyft during the second quarter worth about $72,000. 83.07% of the stock is currently owned by institutional investors.

Lyft Trading Up 1.0 %

NASDAQ:LYFT opened at $17.36 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. Lyft, Inc. has a twelve month low of $8.93 and a twelve month high of $20.82. The company has a market cap of $7.20 billion, a P/E ratio of -108.50, a price-to-earnings-growth ratio of 5.04 and a beta of 2.04. The business has a 50 day moving average price of $14.70 and a two-hundred day moving average price of $13.56.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted ($0.02) EPS. The company’s quarterly revenue was up 31.6% on a year-over-year basis. As a group, analysts expect that Lyft, Inc. will post 0.08 EPS for the current fiscal year.

Insider Activity

In other Lyft news, CAO Lisa Blackwood-Kapral sold 9,081 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $18.02, for a total value of $163,639.62. Following the transaction, the chief accounting officer now directly owns 332,243 shares of the company’s stock, valued at $5,987,018.86. This represents a 2.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lindsay Catherine Llewellyn sold 4,243 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $12.00, for a total transaction of $50,916.00. Following the completion of the transaction, the insider now owns 760,089 shares in the company, valued at $9,121,068. This trade represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,990 shares of company stock valued at $317,333 over the last three months. Insiders own 3.07% of the company’s stock.

Wall Street Analysts Forecast Growth

LYFT has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on Lyft from $24.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Bank of America increased their target price on Lyft from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Tigress Financial lifted their price target on Lyft from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays increased their price objective on shares of Lyft from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lyft from $15.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Twenty-eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.55.

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.