Chartwell Investment Partners LLC boosted its holdings in Lyft, Inc. (NASDAQ: LYFT – Get Rating ) by 18.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,356 shares of the ride-hailing company’s stock after acquiring an additional 5,529 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Lyft were worth $1,358,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in LYFT. Westpac Banking Corp boosted its position in Lyft by 1.4% in the 4th quarter. Westpac Banking Corp now owns 22,260 shares of the ride-hailing company’s stock valued at $951,000 after buying an additional 312 shares in the last quarter. Rockbridge Investment Management LCC boosted its position in Lyft by 95.6% in the 4th quarter. Rockbridge Investment Management LCC now owns 671 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 328 shares in the last quarter. Koshinski Asset Management Inc. grew its position in Lyft by 18.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 2,215 shares of the ride-hailing company’s stock valued at $95,000 after buying an additional 350 shares in the last quarter. Concord Wealth Partners boosted its position in Lyft by 64.2% in the 4th quarter. Concord Wealth Partners now owns 962 shares of the ride-sharing company’s stock valued at $41,000 after purchasing an additional 376 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in Lyft by 0.7% in the first quarter. Gateway Investment Advisers LLC now owns 52,974 shares of the ride-hailing company’s stock valued at $2,034,000 after purchasing an additional 379 shares during the last quarter. 80.43% of the shares are currently owned by institutional investors and hedge funds.
NASDAQ LYFT opened at $13.40 on Monday. Lyft, Inc. it has a 12-month low of $12.79 and a 12-month high of $60.30. The company has a 50-day moving average of $17.32 and a 200-day moving average of $31.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.14, and a quick ratio of 1.14. The company has a market cap of $4.67 billion, a P/E ratio of -5.85 and a beta of 1.88.
Lyft (NASDAQ:LYFT – Get Rating ) last posted its quarterly earnings data on Tuesday, May 3rd. The ride-sharing company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.21. Lyft had a negative net margin of 22.42% and a negative return on equity of 50.06%. The company had revenue of $875.60 million during the quarter, compared to the consensus estimate of $845.91 million. In the same quarter last year, the company posted ($0.86) EPS. The company’s quarterly revenue was up 43.8% compared to the same quarter last year. As a group, equities research analysts expect Lyft, Inc. to post -1.87 EPS for the current year.
A number of research firms have recently weighed in on LYFT. DA Davidson reduced their price objective on shares of Lyft from $60.00 to $27.00 in a research report on Thursday, May 5th. Barclays reduced their price objective on shares of Lyft from $47.00 to $32.00 in a research report on Wednesday, May 4th. Evercore ISI cut their target price on shares of Lyft from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday. Sanford C. Bernstein started coverage on shares of Lyft in a research report on Tuesday, May 24th. They set a “market perform” rating and a $22.00 target price on the stock. Finally, BTIG Research reduced their target price on shares of Lyft from $65.00 to $60.00 in a research report on Wednesday, May 4th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Lyft has an average rating of “Moderate Buy” and an average target price of $43.86, according to MarketBeat.com.
About Lyft (Get Rating)
Lyft, Inc operates a peer-to-peer on-demand ride sharing marketplace in the United States and Canada. The company operates multimodal transportation networks that offer travelers personalized, on-demand access to a variety of mobility options. It provides a Ridesharing Marketplace that connects drivers with riders; Express Drive, a flexible car rental program for drivers; Lyft Rentals, which provides vehicles for long-distance trips; and a network of shared bikes and scooters in different cities to meet the needs of riders for short trips.
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