Victory Capital Management Inc. Buys 2,962,266 Shares of Lyft, Inc. $LYFT

Victory Capital Management Inc. lifted its stake in Lyft, Inc. (NASDAQ:LYFT) by 479.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,580,564 shares of the ride-sharing company’s stock after buying an additional 2,962,266 shares during the quarter. Victory Capital Management Inc.’s holdings in Lyft were worth $78,808,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LYFT. AQR Capital Management LLC grew its position in 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 valued at $378,396,000 after acquiring an additional 14,205,143 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 valued at $104,561,000 after purchasing an additional 20,354 shares in the last quarter. Marshall Wace LLP boosted its stake 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 valued at $86,127,000 after purchasing an additional 2,353,769 shares in the last quarter. Los Angeles Capital Management LLC grew 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 purchasing an additional 2,993,807 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased 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 worth $55,501,000 after purchasing an additional 376,661 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft Stock Performance

Shares of Lyft stock opened at $13.18 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $5.25 billion, a P/E ratio of 1.93, a P/E/G ratio of 0.83 and a beta of 1.92. The firm has a 50 day simple moving average of $16.68 and a 200 day simple moving average of $18.94. Lyft, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $25.54.

Lyft announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 10th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the ride-sharing company to buy up to 15.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Evercore set a $21.00 price target on shares of Lyft in a research report on Wednesday, February 11th. Roth Mkm set a $22.00 target price on shares of Lyft in a research note on Wednesday, February 11th. The Goldman Sachs Group boosted their target price on Lyft from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 7th. BMO Capital Markets increased their price target on Lyft from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Finally, Arete Research set a $20.00 price objective on Lyft and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.63.

Key Stories Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft acquired Motivate, a large bike‑sharing operator — this expands Lyft’s multimodal offerings (bikes/scooters) and could boost revenue diversification and market share in urban micromobility if integration succeeds. Lyft pulls an Uber and acquires Motivate, a bike-sharing company
• Neutral Sentiment: Analyses of Q4 and gig‑economy trends note operational momentum but mixed fundamentals — useful context but not a single decisive catalyst. Investors will watch whether revenue gains translate to sustained profitability. Spotting Winners: Lyft And Gig Economy Stocks In Q4
• Negative Sentiment: Mizuho cut its price target on LYFT to $15.00 — analyst downgrades or target cuts can pressure sentiment and prompt selling from funds that track analyst guidance. Mizuho Cuts Lyft Price Target
• Negative Sentiment: U.S. House committee opened an investigation into secret use of AI for surveillance/pricing at ride‑hailing firms — regulatory and reputational risk could lead to fines, compliance costs, or constraints on dynamic pricing models. U.S. probes secret AI use
• Negative Sentiment: Multiple lawsuits and safety/PR incidents reported (hit‑and‑run suits, scooter rider lawsuit, discrimination complaints from blind/low‑vision riders) — legal exposure and bad press raise costs and could depress consumer demand. Scooter rider sues Lyft Man sues Lyft for hit-and-run Discrimination complaints
• Negative Sentiment: Rising ride costs (nearly 10% last year) are causing riders to cut back — weaker demand growth risks margin pressure and slower revenue recovery. Rides cost rise and demand cutbacks
• Negative Sentiment: Insider selling disclosed (board director sold ~2,093 shares) — small transaction but can add to negative sentiment when combined with other sell signals. Insider selling
• Negative Sentiment: Retail commentary and articles raising bankruptcy speculation amplify bearish sentiment despite operational notes — elevates volatility and may deter marginal buyers. Bankruptcy speculation article

Insider Transactions at Lyft

In other news, CEO John David Risher bought 5,030 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was bought at an average price of $19.80 per share, for a total transaction of $99,594.00. Following the completion of the transaction, the chief executive officer directly owned 11,802,296 shares in the company, valued at $233,685,460.80. The trade was a 0.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lindsay Catherine Llewellyn sold 23,661 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were 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 in the company, valued at $9,268,105. This trade represents a 3.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,038 shares of company stock valued at $416,841 over the last quarter. Corporate insiders own 3.07% of the company’s stock.

Lyft 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.