Quantbot Technologies LP Purchases Shares of 342,448 Lyft, Inc. $LYFT

Quantbot Technologies LP purchased a new stake in shares of Lyft, Inc. (NASDAQ:LYFT) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 342,448 shares of the ride-sharing company’s stock, valued at approximately $7,537,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of Lyft by 144.9% in the second quarter. AQR Capital Management LLC now owns 24,009,925 shares of the ride-sharing company’s stock worth $378,396,000 after purchasing an additional 14,205,143 shares during the last quarter. Geode Capital Management LLC grew its stake in Lyft by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 6,633,591 shares of the ride-sharing company’s stock worth $104,561,000 after buying an additional 20,354 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Lyft by 75.7% in the 2nd quarter. Marshall Wace LLP now owns 5,464,934 shares of the ride-sharing company’s stock worth $86,127,000 after buying an additional 2,353,769 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Lyft by 415.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,714,935 shares of the ride-sharing company’s stock worth $58,547,000 after buying an additional 2,993,807 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Lyft by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,521,652 shares of the ride-sharing company’s stock valued at $55,501,000 after buying an additional 376,661 shares in the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Trending Headlines about Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Acquisition/growth signal — coverage highlights Lyft’s deal to buy FreeNow, which could expand its geographic footprint and address demand-supply scale benefits (a potential long-term positive for revenue and market reach). Lyft Union Push And FreeNow Deal Reshape Growth And Valuation Outlook
• Positive Sentiment: Local demand promotion — a Houston-area law firm arranged discounted Lyft rides for Rodeo attendees, a small but positive user-acquisition/PR event that can boost local trips. Houston-area law firm to offer discounted Lyft rides from Houston Livestock Show and Rodeo
• Positive Sentiment: Investor visibility — Lyft presented at Bernstein’s Tech, Media & Telecom forum (transcript published), which helps communicate strategy to institutional investors and can support sentiment if guidance or unit economics look favorable. Lyft Presents at Bernstein Insights
• Neutral Sentiment: Analyst stances mixed — JPMorgan reaffirmed a Hold with a $19 target while other shops have trimmed targets; varied price targets leave analyst-driven catalyst limited near term. Where is Lyft, Inc. (LYFT) Headed According to the Street?
• Neutral Sentiment: Options and floor debate — options-flow analysis and commentary (Benzinga/Forbes) show traders positioning around a potential bottom; useful for short-term volatility but ambiguous for fundamentals. What the Options Market Tells Us About Lyft
• Negative Sentiment: Insider selling — an insider sold ~23,661 shares (~$314.7k at ~$13.30), trimming their position; while not a huge block, insider sales can weigh on sentiment when the stock is already weak. SEC Form 4 — Insider Sale
• Negative Sentiment: Labor/headcount pressure — union activity in California and Seattle protests urging Uber/Lyft to stop adding drivers highlight regulatory and labor risks that could raise costs or constrain growth tactics. WA union for Uber, Lyft drivers wants companies to stop hiring
• Negative Sentiment: Safety/PR hit — a reported incident during a ride (Utah passenger safety story) can pressure brand perception and potentially increase compliance/safety costs. Utah woman orders food delivery during a Lyft ride—unaware her driver was plotting something chilling

Insider Activity at Lyft

In other Lyft news, insider Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $13.30, for a total value of $314,691.30. Following the transaction, the insider directly owned 696,850 shares of the company’s stock, valued at $9,268,105. The trade was a 3.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 4,800 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $22.30, for a total value of $107,040.00. Following the completion of the sale, the chief accounting officer owned 311,909 shares of the company’s stock, valued at $6,955,570.70. The trade was a 1.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 209,638 shares of company stock worth $4,463,623 over the last three months. Corporate insiders own 3.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Cantor Fitzgerald cut their target price on shares of Lyft from $21.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Sanford C. Bernstein lifted their price target on Lyft from $22.00 to $23.00 and gave the stock a “market perform” rating in a research note on Monday, November 10th. Wall Street Zen cut Lyft from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group reiterated a “neutral” rating on shares of Lyft in a research report on Monday, February 2nd. Finally, Piper Sandler reissued an “overweight” rating on shares of Lyft in a report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lyft has a consensus rating of “Hold” and a consensus price target of $19.66.

Lyft Stock Performance

NASDAQ LYFT opened at $13.84 on Friday. The company has a 50-day simple moving average of $17.17 and a two-hundred day simple moving average of $19.01. Lyft, Inc. has a 12-month low of $9.66 and a 12-month high of $25.54. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 2.03, a PEG ratio of 0.83 and a beta of 1.93. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.31.

Lyft announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the ride-sharing company to buy up to 15.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Lyft Company Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.