Valeo Financial Advisors LLC raised its holdings in LYFT Inc (NASDAQ:LYFT) by 121.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,428 shares of the ride-sharing company’s stock after acquiring an additional 1,331 shares during the period. Valeo Financial Advisors LLC’s holdings in LYFT were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of LYFT. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of LYFT during the first quarter worth about $39,000. Coastal Investment Advisors Inc. lifted its holdings in shares of LYFT by 451.2% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 700 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 573 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of LYFT by 723.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 823 shares of the ride-sharing company’s stock valued at $35,000 after purchasing an additional 723 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of LYFT during the 3rd quarter valued at about $40,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of LYFT in the 4th quarter valued at approximately $43,000. 44.34% of the stock is owned by hedge funds and other institutional investors.
In related news, General Counsel Kristin Sverchek sold 30,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $42.95, for a total transaction of $1,288,500.00. Also, EVP Ran I. Makavy sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $49.17, for a total transaction of $737,550.00. The disclosure for this sale can be found here. Insiders sold 203,409 shares of company stock worth $8,993,842 in the last 90 days.
Shares of LYFT stock opened at $48.43 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12. LYFT Inc has a twelve month low of $37.07 and a twelve month high of $88.60. The company has a 50-day simple moving average of $45.98 and a two-hundred day simple moving average of $48.56.
LYFT (NASDAQ:LYFT) last announced its earnings results on Wednesday, October 30th. The ride-sharing company reported ($1.57) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.66) by $0.09. The business had revenue of $955.60 million for the quarter, compared to analyst estimates of $915.15 million. The business’s revenue was up 63.4% on a year-over-year basis. Analysts predict that LYFT Inc will post -10.41 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. Wolfe Research raised LYFT from an “underperform” rating to a “peer perform” rating and set a $36.00 target price for the company in a research note on Monday, October 21st. Tigress Financial reiterated a “buy” rating on shares of LYFT in a report on Friday, December 6th. Piper Jaffray Companies lowered their price objective on shares of LYFT from $79.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, December 3rd. Barclays dropped their price objective on shares of LYFT from $63.00 to $51.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus dropped their price objective on shares of LYFT from to and set a “buy” rating on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have issued a buy rating to the company. LYFT currently has a consensus rating of “Buy” and a consensus price target of $66.21.
Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.
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