United Capital Financial Advisers LLC Acquires New Position in Lyft, Inc. (NASDAQ:LYFT)


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United Capital Financial Advisers LLC acquired a new stake in Lyft, Inc. (NASDAQ:LYFT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,042 shares of the ride-sharing company’s stock, valued at approximately $346,000.

A number of other large investors have also recently modified their holdings of the business. NWK Group Inc. increased its stake in Lyft by 14.8% in the fourth quarter. NWK Group Inc. now owns 1,550 shares of the ride-sharing company’s stock valued at $76,000 after purchasing an additional 200 shares in the last quarter. Toroso Investments LLC increased its position in shares of Lyft by 3.3% during the fourth quarter. Toroso Investments LLC now owns 10,377 shares of the ride-sharing company’s stock worth $510,000 after acquiring an additional 333 shares in the last quarter. Stelac Advisory Services LLC increased its position in shares of Lyft by 3.1% during the fourth quarter. Stelac Advisory Services LLC now owns 14,584 shares of the ride-sharing company’s stock worth $717,000 after acquiring an additional 433 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Lyft during the first quarter worth $39,000. Finally, Aviva PLC increased its position in shares of Lyft by 1.3% during the fourth quarter. Aviva PLC now owns 48,469 shares of the ride-sharing company’s stock worth $2,381,000 after acquiring an additional 608 shares in the last quarter. 71.33% of the stock is owned by hedge funds and other institutional investors.

In other news, Director David Lawee sold 28,148 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $65.46, for a total value of $1,842,568.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Kristin Sverchek sold 5,000 shares of Lyft stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $48.48, for a total transaction of $242,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,663,750 shares of company stock worth $301,701,959. 22.86% of the stock is owned by corporate insiders.

Shares of Lyft stock opened at $60.96 on Thursday. The firm has a market capitalization of $20.05 billion, a PE ratio of -11.35 and a beta of 2.35. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $62.24 and its 200 day moving average is $45.50. Lyft, Inc. has a 1 year low of $21.34 and a 1 year high of $68.28.

Lyft (NASDAQ:LYFT) last posted its earnings results on Monday, February 8th. The ride-sharing company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.71) by $0.13. Lyft had a negative net margin of 58.70% and a negative return on equity of 60.70%. The business had revenue of $569.90 million for the quarter, compared to the consensus estimate of $556.70 million. As a group, research analysts anticipate that Lyft, Inc. will post -4.68 earnings per share for the current year.

Several brokerages have recently issued reports on LYFT. KeyCorp increased their price objective on shares of Lyft from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 9th. Jefferies Financial Group increased their target price on shares of Lyft from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Lyft from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, February 10th. Vertical Research initiated coverage on shares of Lyft in a report on Thursday, April 1st. They set a “buy” rating and a $85.00 target price for the company. Finally, JMP Securities increased their target price on shares of Lyft from $50.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, February 10th. Eight research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $62.85.

Lyft Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company offers riders, personalized and on-demand access to various transportation options. It provides Ridesharing Marketplace, which enable drivers to provide their transportation services to riders.

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Institutional Ownership by Quarter for Lyft (NASDAQ:LYFT)

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