33,267 Shares in Lyft, Inc. (NASDAQ:LYFT) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new stake in Lyft, Inc. (NASDAQ:LYFT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 33,267 shares of the ride-sharing company's stock, valued at approximately $424,000.

A number of other large investors also recently added to or reduced their stakes in LYFT. Swiss National Bank grew its holdings in shares of Lyft by 2.0% during the first quarter. Swiss National Bank now owns 683,100 shares of the ride-sharing company's stock worth $13,218,000 after buying an additional 13,300 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Lyft in the 1st quarter worth approximately $41,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Lyft by 430.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,886 shares of the ride-sharing company's stock worth $75,000 after purchasing an additional 3,154 shares during the last quarter. CWM LLC boosted its holdings in shares of Lyft by 26.4% during the 2nd quarter. CWM LLC now owns 6,968 shares of the ride-sharing company's stock worth $98,000 after purchasing an additional 1,457 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of Lyft by 310.3% in the first quarter. Comerica Bank now owns 102,576 shares of the ride-sharing company's stock valued at $1,985,000 after purchasing an additional 77,578 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Lyft Trading Up 0.5 %

Lyft stock traded up $0.09 during trading on Friday, reaching $17.78. The company had a trading volume of 28,925,410 shares, compared to its average volume of 13,179,118. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of -111.13 and a beta of 2.04. Lyft, Inc. has a 12-month low of $8.93 and a 12-month high of $20.82. The stock's 50 day moving average price is $12.96 and its two-hundred day moving average price is $13.51.

Lyft (NASDAQ:LYFT - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The ride-sharing company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. Lyft had a negative return on equity of 1.67% and a negative net margin of 1.19%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm posted ($0.14) EPS. The business's revenue for the quarter was up 40.6% on a year-over-year basis. As a group, equities analysts expect that Lyft, Inc. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Roth Mkm boosted their price objective on Lyft from $13.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday. Wells Fargo & Company reaffirmed a "market perform" rating on shares of Lyft in a research note on Friday, October 18th. Wedbush reiterated a "neutral" rating and issued a $20.00 target price (up from $12.00) on shares of Lyft in a report on Thursday. Susquehanna cut their price target on shares of Lyft from $18.00 to $10.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Finally, Melius began coverage on shares of Lyft in a research report on Monday, July 22nd. They issued a "hold" rating and a $15.00 target price on the stock. Twenty-eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $17.23.

Insider Transactions at Lyft

In related news, insider Lindsay Catherine Llewellyn sold 8,486 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $11.76, for a total transaction of $99,795.36. Following the completion of the sale, the insider now owns 764,332 shares of the company's stock, valued at approximately $8,988,544.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lyft news, Director John Patrick Zimmer sold 2,424 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $11.32, for a total value of $27,439.68. Following the completion of the sale, the director now owns 929,638 shares of the company's stock, valued at $10,523,502.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lindsay Catherine Llewellyn sold 8,486 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $11.76, for a total transaction of $99,795.36. Following the transaction, the insider now directly owns 764,332 shares in the company, valued at approximately $8,988,544.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,664 shares of company stock worth $380,048 in the last three months. 3.07% of the stock is currently owned by company insiders.

Lyft Profile

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.