Paragon Capital Management Inc. purchased a new stake in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 130,284 shares of the ride-sharing company's stock, valued at approximately $1,681,000. Lyft makes up about 1.3% of Paragon Capital Management Inc.'s investment portfolio, making the stock its 22nd biggest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. Optas LLC grew its stake in Lyft by 36.9% in the 4th quarter. Optas LLC now owns 21,226 shares of the ride-sharing company's stock valued at $274,000 after buying an additional 5,720 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in Lyft in the 4th quarter valued at $202,000. Gries Financial LLC acquired a new position in Lyft in the 4th quarter valued at $200,000. Washington Capital Management Inc. acquired a new position in Lyft in the 4th quarter valued at $408,000. Finally, Smith Group Asset Management LLC acquired a new position in Lyft in the 4th quarter valued at $280,000. Institutional investors own 83.07% of the company's stock.
Insiders Place Their Bets
In other Lyft news, Director Logan Green sold 10,919 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total value of $188,352.75. Following the completion of the transaction, the director now directly owns 314,492 shares of the company's stock, valued at approximately $5,424,987. The trade was a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.07% of the company's stock.
Lyft Price Performance
LYFT stock traded up $0.10 during trading on Friday, hitting $14.17. 20,350,985 shares of the stock traded hands, compared to its average volume of 13,646,594. Lyft, Inc. has a one year low of $8.93 and a one year high of $20.82. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of -88.56, a P/E/G ratio of 1.94 and a beta of 2.16. The company has a 50 day simple moving average of $14.09 and a 200 day simple moving average of $13.47. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88.
Lyft (NASDAQ:LYFT - Get Free Report) last announced its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.09. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted ($0.02) earnings per share. The company's revenue was up 31.6% on a year-over-year basis. Equities analysts expect that Lyft, Inc. will post 0.06 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Lyft from $10.50 to $13.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. UBS Group lowered their target price on shares of Lyft from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Susquehanna raised their price target on shares of Lyft from $10.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Morgan Stanley raised their price target on shares of Lyft from $16.50 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 7th. Finally, TD Cowen raised their price target on shares of Lyft from $16.00 to $18.00 and gave the stock a "hold" rating in a research report on Thursday, November 7th. Twenty-seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $17.78.
Check Out Our Latest Stock Report on Lyft
Lyft Profile
(
Free Report)
Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.
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