Vontobel Holding Ltd. boosted its holdings in Lyft, Inc. (NASDAQ:LYFT – Get Rating) by 91.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,129 shares of the ride-sharing company’s stock after purchasing an additional 32,461 shares during the period. Vontobel Holding Ltd.’s holdings in Lyft were worth $897,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted 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 buying an additional 530 shares during the last quarter. Castleview Partners LLC boosted its stake in Lyft by 1,228.0% during the 2nd quarter. Castleview Partners LLC now owns 664 shares of the ride-sharing company’s stock valued at $50,000 after acquiring an additional 614 shares during the last quarter. Wrapmanager Inc. increased its position in shares of Lyft by 6.6% in the 2nd quarter. Wrapmanager Inc. now owns 10,391 shares of the ride-sharing company’s stock worth $138,000 after purchasing an additional 641 shares during the last quarter. Clearstead Advisors LLC raised its stake in shares of Lyft by 58.9% in the 2nd quarter. Clearstead Advisors LLC now owns 1,845 shares of the ride-sharing company’s stock valued at $25,000 after purchasing an additional 684 shares in the last quarter. Finally, Krilogy Financial LLC lifted its position in shares of Lyft by 2.5% during the third quarter. Krilogy Financial LLC now owns 34,532 shares of the ride-sharing company’s stock worth $455,000 after purchasing an additional 853 shares during the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.
Lyft Trading Up 5.3 %
NASDAQ LYFT opened at $16.18 on Monday. Lyft, Inc. has a twelve month low of $9.66 and a twelve month high of $45.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50-day simple moving average is $12.03 and its 200 day simple moving average is $13.74.
Lyft (NASDAQ:LYFT – Get Rating) last released its quarterly earnings data on Monday, November 7th. The ride-sharing company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.14). The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Lyft had a negative return on equity of 54.39% and a negative net margin of 32.26%. As a group, analysts predict that Lyft, Inc. will post -1.72 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on LYFT. Daiwa Capital Markets lowered their price objective on Lyft to $11.00 in a report on Tuesday, November 15th. Bank of America dropped their price target on Lyft from $14.00 to $11.50 in a research report on Tuesday, November 8th. Atlantic Securities decreased their price objective on shares of Lyft to $14.00 in a report on Tuesday, November 15th. Royal Bank of Canada cut shares of Lyft from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $30.00 to $16.00 in a report on Friday, October 7th. Finally, Susquehanna Bancshares cut their price target on Lyft from $23.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Lyft currently has an average rating of “Hold” and an average target price of $23.40.
Lyft Profile
Lyft, Inc engages in the provision and management of an online social rideshare community platform. It provides access to a network of shared bikes and scooters for shorter rides and first-mile and last-mile legs of multimodal trips, information about nearby public transit routes, and Lyft Rentals to offer riders a view of transportation options when planning any trip.