Dimensional Fund Advisors LP Purchases 2,467,010 Shares of Lyft, Inc. $LYFT

Dimensional Fund Advisors LP increased its position in Lyft, Inc. (NASDAQ:LYFT) by 58.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,720,478 shares of the ride-sharing company’s stock after purchasing an additional 2,467,010 shares during the period. Dimensional Fund Advisors LP’s holdings in Lyft were worth $89,360,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of Lyft by 47.0% during the 1st quarter. Parallel Advisors LLC now owns 4,650 shares of the ride-sharing company’s stock valued at $62,000 after buying an additional 1,487 shares in the last quarter. Swiss National Bank lifted its position in Lyft by 0.4% during the 1st quarter. Swiss National Bank now owns 764,200 shares of the ride-sharing company’s stock valued at $10,164,000 after acquiring an additional 2,800 shares during the period. Heartland Advisors Inc. lifted its position in Lyft by 46.0% during the 1st quarter. Heartland Advisors Inc. now owns 823,200 shares of the ride-sharing company’s stock valued at $10,949,000 after acquiring an additional 259,450 shares during the period. California Public Employees Retirement System boosted its stake in Lyft by 8.1% during the first quarter. California Public Employees Retirement System now owns 827,111 shares of the ride-sharing company’s stock worth $11,001,000 after acquiring an additional 61,741 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Lyft by 86.9% during the first quarter. Assetmark Inc. now owns 7,442 shares of the ride-sharing company’s stock worth $99,000 after acquiring an additional 3,461 shares in the last quarter. 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: Lyft is renaming its Bay Wheels bike-rental service Lyft Bike, expanding the system and extending its operating contract. The move strengthens Lyft’s multimodal transportation offerings and could create additional usage and partnership opportunities. Lyft changes name of bike-rental service to Lyft Bike while expanding system and extending contract
• Positive Sentiment: Lyft and Baidu have begun testing autonomous vehicles in London through Lyft’s partnership with Baidu and Freenow. The tests position Lyft for potential future robotaxi deployments and give the company exposure to a major emerging mobility market. Lyft and Baidu enter London’s robotaxi battleground as testing begins
• Positive Sentiment: Alaska Airlines CEO Ben Minicucci has joined Lyft’s board, potentially supporting future collaboration between ride-hailing and air-travel services, including airport transportation. Alaska Airlines CEO appointed to Lyft’s board of directors
• Neutral Sentiment: RiverStone completed a loss-portfolio-transfer transaction with a Lyft unit. The deal may reduce insurance-related exposure, although its direct effect on Lyft’s earnings and valuation is unclear. RiverStone completes LPT deal with Lyft unit
• Neutral Sentiment: Director Benito Minicucci received 15,454 restricted stock units. The award aligns an executive with shareholders but represents equity compensation rather than an open-market purchase. Lyft Director Benito Minicucci Receives Restricted Stock Units
• Negative Sentiment: Analysts’ average recommendation remains “Hold,” suggesting limited conviction that Lyft will outperform in the near term. Lyft receives average Hold recommendation
• Negative Sentiment: Coverage highlights that Lyft’s recent trade has worked, but a broader valuation re-rating has not occurred, reflecting skepticism about catalysts and sustained upside. Lyft: The Trade Worked, But The Re-rating Has Yet To Arrive
• Negative Sentiment: Reports about new competitor Throo and efforts by Uber rivals to gain market share underscore continuing competitive pressure in ride-hailing. Can Throo Compete With Uber and Lyft?

Lyft Trading Down 0.1%

NASDAQ:LYFT opened at $15.44 on Thursday. The company’s 50 day moving average price is $14.58 and its 200-day moving average price is $14.65. Lyft, Inc. has a 52 week low of $12.46 and a 52 week high of $25.54. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 2.25, a PEG ratio of 0.92 and a beta of 1.80.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.Lyft’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 earnings per share. On average, equities research analysts forecast that Lyft, Inc. will post 0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of Lyft from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Oppenheimer initiated coverage on Lyft in a research report on Wednesday, June 17th. They issued an “outperform” rating on the stock. Citigroup began coverage on Lyft in a research note on Wednesday, June 17th. They issued a “buy” rating on the stock. Guggenheim reaffirmed a “buy” rating on shares of Lyft in a research report on Wednesday, June 10th. Finally, Roth Capital reiterated a “buy” rating and set a $23.00 price objective on shares of Lyft in a research note on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.40.

Insiders Place Their Bets

In other news, CAO Stephen W. Hope sold 5,460 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total transaction of $75,129.60. Following the transaction, the chief accounting officer directly owned 335,463 shares of the company’s stock, valued at $4,615,970.88. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total value of $28,799.68. Following the sale, the director directly owned 30,092 shares in the company, valued at $414,065.92. This trade represents a 6.50% decrease in their ownership of the stock. 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 45,535 shares of company stock worth $637,456 in the last 90 days. 0.92% of the stock is currently owned by company insiders.

About Lyft

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.