Landscape Capital Management L.L.C. Sells 100,225 Shares of Lyft, Inc. (NASDAQ:LYFT)

Landscape Capital Management L.L.C. cut its position in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) by 68.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,337 shares of the ride-sharing company's stock after selling 100,225 shares during the period. Landscape Capital Management L.L.C.'s holdings in Lyft were worth $585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Lyft by 1.6% in the third quarter. The Manufacturers Life Insurance Company now owns 82,690 shares of the ride-sharing company's stock valued at $1,054,000 after buying an additional 1,315 shares during the period. Captrust Financial Advisors bought a new stake in Lyft in the 3rd quarter valued at $138,000. Weiss Asset Management LP acquired a new stake in Lyft during the 3rd quarter valued at $677,000. XTX Topco Ltd boosted its position in Lyft by 2.5% during the third quarter. XTX Topco Ltd now owns 42,203 shares of the ride-sharing company's stock worth $538,000 after purchasing an additional 1,043 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Lyft in the third quarter valued at $1,838,000. 83.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LYFT has been the subject of several research analyst reports. Evercore ISI reduced their target price on shares of Lyft from $19.00 to $15.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Loop Capital reduced their price objective on Lyft from $23.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. KeyCorp reiterated a "sector weight" rating on shares of Lyft in a research note on Wednesday, March 26th. UBS Group reduced their price target on Lyft from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Finally, Citigroup reiterated an "overweight" rating on shares of Lyft in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lyft currently has an average rating of "Hold" and a consensus price target of $16.60.

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Lyft Price Performance

LYFT stock traded down $0.25 during midday trading on Friday, reaching $10.69. 3,096,133 shares of the stock were exchanged, compared to its average volume of 15,525,649. Lyft, Inc. has a 52 week low of $8.93 and a 52 week high of $19.55. The company has a fifty day moving average price of $12.40 and a 200 day moving average price of $13.73. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.76 and a quick ratio of 0.75. The stock has a market capitalization of $4.47 billion, a PE ratio of 178.58, a P/E/G ratio of 1.90 and a beta of 2.13.

Lyft (NASDAQ:LYFT - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The ride-sharing company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.10). Lyft had a return on equity of 8.03% and a net margin of 0.39%. As a group, analysts expect that Lyft, Inc. will post 0.22 EPS for the current fiscal year.

Lyft declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 11th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the ride-sharing company to buy up to 8.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Lyft

In other Lyft news, Director John Patrick Zimmer sold 2,424 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $12.52, for a total value of $30,348.48. Following the sale, the director now owns 911,922 shares in the company, valued at approximately $11,417,263.44. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Logan Green sold 11,411 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $13.34, for a total value of $152,222.74. Following the transaction, the director now owns 297,640 shares of the company's stock, valued at $3,970,517.60. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,407 shares of company stock worth $203,778. 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.