Lyft, Inc. $LYFT Shares Sold by Knollwood Investment Advisory LLC

Knollwood Investment Advisory LLC trimmed its stake in Lyft, Inc. (NASDAQ:LYFT) by 11.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 400,000 shares of the ride-sharing company’s stock after selling 50,000 shares during the period. Lyft comprises 0.8% of Knollwood Investment Advisory LLC’s investment portfolio, making the stock its 27th biggest holding. Knollwood Investment Advisory LLC’s holdings in Lyft were worth $8,804,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in LYFT. AQR Capital Management LLC increased its holdings in Lyft by 144.9% in the 2nd quarter. AQR Capital Management LLC now owns 24,009,925 shares of the ride-sharing company’s stock valued at $378,396,000 after purchasing an additional 14,205,143 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Lyft by 479.1% during the third quarter. Victory Capital Management Inc. now owns 3,580,564 shares of the ride-sharing company’s stock worth $78,808,000 after purchasing an additional 2,962,266 shares in the last quarter. Norges Bank acquired a new position in Lyft during the second quarter worth $44,209,000. Marshall Wace LLP boosted its position in shares of Lyft by 75.7% during the second 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 period. Finally, Hennessy Advisors Inc. purchased a new position in shares of Lyft during the third quarter worth $41,381,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Insider Buying and Selling at Lyft

In other Lyft news, Director Jill Beggs sold 2,093 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $13.89, for a total value of $29,071.77. Following the sale, the director owned 32,185 shares of the company’s stock, valued at $447,049.65. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $13.30, for a total value of $314,691.30. Following the completion of the transaction, the insider 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 SEC filing for this sale provides additional information. Insiders have sold 31,038 shares of company stock valued at $416,841 in the last quarter. Corporate insiders own 3.07% of the company’s stock.

Trending Headlines about Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft announced a major AI/AV tie-up with NVIDIA to use Agentic AI, NVIDIA DRIVE Hyperion and other NVIDIA technologies to upgrade mapping, machine‑learning systems and accelerate Level‑4 autonomous fleet plans — a strategic tech partnership that can improve long‑term margins and credibility in autonomous mobility. Lyft to make rides smarter and more efficient through Agentic AI
• Positive Sentiment: S&P Dow Jones announced Lyft will be added to the S&P SmallCap 600 effective before market open on March 23 — index inclusion typically creates pre‑rebalance buying from passive and benchmarked funds, which can lift shares in the run‑up to the effective date. Lyft jumps as traders position for upcoming S&P SmallCap 600 addition
• Neutral Sentiment: Local promotions and partnerships (free rides/home‑safe programs for St. Patrick’s Day in some cities; extended discounted rides at the Houston Livestock Show & Rodeo) boost near‑term trip volume and PR but are unlikely to move fundamentals materially. Free Lyft rides home available on St. Patrick’s Day Houston law firm extends discounted offer for Lyft rides
• Negative Sentiment: Lyft agreed to a nationwide settlement over alleged driver discrimination against riders with service animals; the deal requires policy changes, driver training and three years of external compliance oversight — a potential recurring cost and reputational risk that investors should factor into legal/compliance expense outlooks. Lyft Settlement Over Service Animals Reshapes Compliance And Investor Risk View
• Negative Sentiment: Lyft was among companies questioned by the U.S. House Oversight Committee about possible AI‑driven surveillance and pricing practices — increased regulatory scrutiny of AI and pricing models could lead to oversight, fines or business restrictions over time. Lyft among companies questioned by US House Oversight Committee

Lyft Trading Up 3.7%

NASDAQ:LYFT opened at $13.55 on Tuesday. The firm has a market cap of $5.39 billion, a PE ratio of 1.99, a price-to-earnings-growth ratio of 0.79 and a beta of 1.92. The stock has a fifty day moving average price of $15.83 and a 200 day moving average price of $18.83. Lyft, Inc. has a 12-month low of $9.66 and a 12-month high of $25.54. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31.

Lyft announced that its Board of Directors has approved a share buyback plan 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 repurchase up to 15.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LYFT. Canaccord Genuity Group cut their price objective on Lyft from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, February 11th. Truist Financial lowered their target price on Lyft from $23.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. Wells Fargo & Company cut their price target on shares of Lyft from $26.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. TD Cowen reissued a “buy” rating on shares of Lyft in a research report on Wednesday, February 11th. Finally, Guggenheim lowered their price objective on shares of Lyft from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.63.

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.