Lyft, Inc. (NASDAQ:LYFT) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. decreased its position in Lyft, Inc. (NASDAQ:LYFT) by 34.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,195 shares of the ride-sharing company’s stock after selling 2,691 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Lyft were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in shares of Lyft by 4.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 13,303 shares of the ride-sharing company’s stock valued at $510,000 after acquiring an additional 530 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Lyft by 21.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,556 shares of the ride-sharing company’s stock valued at $68,000 after acquiring an additional 814 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Lyft by 12.9% during the 1st quarter. Prudential Financial Inc. now owns 8,005 shares of the ride-sharing company’s stock valued at $308,000 after acquiring an additional 914 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Lyft by 8.9% during the 1st quarter. APG Asset Management N.V. now owns 12,200 shares of the ride-sharing company’s stock valued at $421,000 after acquiring an additional 1,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Lyft by 11.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,865 shares of the ride-sharing company’s stock worth $131,000 after purchasing an additional 1,211 shares during the period. Institutional investors and hedge funds own 83.07% of the company’s stock.

Insider Activity at Lyft

In related news, Director Logan Green sold 11,867 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $15.69, for a total transaction of $186,193.23. Following the sale, the director now directly owns 346,341 shares of the company’s stock, valued at approximately $5,434,090.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Lyft news, Director John Patrick Zimmer sold 15,724 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $17.51, for a total value of $275,327.24. Following the sale, the director now directly owns 1,204,071 shares of the company’s stock, valued at $21,083,283.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Logan Green sold 11,867 shares of the stock in a transaction 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 sale, the director now directly owns 346,341 shares in the company, valued at $5,434,090.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 270,526 shares of company stock valued at $5,195,771. Corporate insiders own 3.16% of the company’s stock.

Lyft Price Performance

Lyft stock opened at $18.27 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. The stock has a 50 day moving average of $17.41 and a 200-day moving average of $13.95. Lyft, Inc. has a 52 week low of $7.85 and a 52 week high of $20.82.

Lyft (NASDAQ:LYFT) last released its earnings results 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. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Lyft had a negative return on equity of 54.80% and a negative net margin of 7.73%. Equities analysts expect that Lyft, Inc. will post -0.35 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays boosted their target price on Lyft from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. BMO Capital Markets assumed coverage on Lyft in a report on Tuesday, January 9th. They set a “market perform” rating and a $15.00 target price for the company. Wells Fargo & Company boosted their target price on Lyft from $15.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, April 8th. Argus upgraded Lyft from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday, March 5th. Finally, Truist Financial boosted their target price on Lyft from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.52.

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.