Lyft, Inc. $LYFT Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Trims Stake

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in Lyft, Inc. (NASDAQ:LYFT) by 35.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 117,300 shares of the ride-sharing company’s stock after selling 63,600 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lyft were worth $1,761,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of LYFT. Plato Investment Management Ltd bought a new position in Lyft in the second quarter worth about $27,000. Boreal Capital Management LLC bought a new position in shares of Lyft during the first quarter valued at approximately $31,000. Signaturefd LLC grew its holdings in shares of Lyft by 166.5% during the third quarter. Signaturefd LLC now owns 2,593 shares of the ride-sharing company’s stock valued at $39,000 after purchasing an additional 1,620 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Lyft by 1,851.9% during the first quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock valued at $35,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in shares of Lyft during the 1st quarter worth approximately $43,000. Institutional investors own 83.07% of the company’s stock.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft moved above its 20-day and 50-day moving averages, which Zacks characterized as a short-term bullish signal. 20-day moving average article 50-day moving average article
• Positive Sentiment: UBS raised its Lyft price target to $18 from $17, while keeping a neutral rating. The higher target signals improved valuation expectations, though the rating indicates the analyst is not calling for a strong near-term move. UBS rating and price target
• Neutral Sentiment: Lyft offered 50% off rides to polling locations on Election Day, with separate coverage noting up to $50 in ride credits for older voters while funds lasted. The promotion may encourage rides and civic engagement, but it is temporary and discounted fares could limit revenue per trip. Election Day ride discounts Ride credits for voters
• Neutral Sentiment: Investors were also directed to Lyft’s key operating metrics ahead of its third-quarter 2026 results. The preview provides no specific estimates or results, so it offers little new evidence about the quarter’s performance. Q3 earnings metrics preview

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Cowen cut their price target on Lyft from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, October 21st. JPMorgan Chase & Co. raised their target price on Lyft from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Roth Capital reissued a “buy” rating and set a $25.00 price target (up from $23.00) on shares of Lyft in a report on Monday, August 10th. Rosenblatt Securities started coverage on shares of Lyft in a report on Tuesday, September 1st. They set a “neutral” rating and a $19.00 price target for the company. Finally, Morgan Stanley upped their target price on shares of Lyft from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.23.

Insider Transactions at Lyft

In other news, insider Lindsay Llewellyn sold 13,204 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $16.64, for a total value of $219,714.56. Following the sale, the insider owned 781,152 shares of the company’s stock, valued at approximately $12,998,369.28. The trade was a 1.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,307 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $17.34, for a total value of $40,003.38. Following the completion of the sale, the director directly owned 46,238 shares in the company, valued at $801,766.92. This represents a 4.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 75,806 shares of company stock valued at $1,266,066 over the last three months. 0.92% of the stock is owned by company insiders.

Lyft Price Performance

Shares of NASDAQ:LYFT opened at $16.67 on Wednesday. The company has a 50 day moving average of $16.17 and a 200-day moving average of $15.14. Lyft, Inc. has a twelve month low of $12.46 and a twelve month high of $25.54. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.33.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings data on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business earned $0.10 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. On average, research analysts expect that Lyft, Inc. will post 0.81 earnings per share for the current year.

Lyft Profile

Lyft, Inc is a technology company that operates a transportation network platform in the United States and Canada. Its platform connects passengers with drivers through a mobile application and website, primarily offering on-demand rides in private vehicles, taxis and other transportation options.

The company also provides access to bicycles and scooters in select markets, as well as vehicle rentals and transportation solutions for businesses, healthcare organizations and other institutions.