Oak Thistle LLC Has $500,000 Holdings in Lyft, Inc. (NASDAQ:LYFT)

Oak Thistle LLC reduced its stake in Lyft, Inc. (NASDAQ:LYFT - Free Report) by 37.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,779 shares of the ride-sharing company's stock after selling 23,151 shares during the quarter. Oak Thistle LLC's holdings in Lyft were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Pallas Capital Advisors LLC lifted its holdings in shares of Lyft by 42.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 31,181 shares of the ride-sharing company's stock valued at $402,000 after purchasing an additional 9,342 shares in the last quarter. Miracle Mile Advisors LLC raised its position in Lyft by 11.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 12,864 shares of the ride-sharing company's stock valued at $166,000 after buying an additional 1,277 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in Lyft in the 4th quarter valued at approximately $31,000. Nordea Investment Management AB lifted its stake in Lyft by 59.6% in the 4th quarter. Nordea Investment Management AB now owns 382,463 shares of the ride-sharing company's stock valued at $5,006,000 after acquiring an additional 142,880 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in Lyft during the 4th quarter worth approximately $171,000. 83.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYFT has been the subject of several recent research reports. Needham & Company LLC restated a "hold" rating on shares of Lyft in a report on Thursday, November 7th. Wedbush decreased their price target on Lyft from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company dropped their price objective on Lyft from $17.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Thursday. Evercore ISI increased their price objective on Lyft from $17.00 to $19.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Finally, DA Davidson boosted their target price on shares of Lyft from $11.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Twenty-seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.84.

Lyft Price Performance

Shares of NASDAQ LYFT traded down $0.19 during mid-day trading on Friday, reaching $13.41. The company had a trading volume of 13,904,471 shares, compared to its average volume of 15,667,731. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of -83.81, a PEG ratio of 1.72 and a beta of 2.14. The business's 50-day simple moving average is $15.38 and its 200 day simple moving average is $13.41. Lyft, Inc. has a one year low of $8.93 and a one year high of $20.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75.

Lyft (NASDAQ:LYFT - Get Free Report) last released its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm earned ($0.02) EPS. The business's quarterly revenue was up 31.6% compared to the same quarter last year. On average, research analysts predict that Lyft, Inc. will post 0.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lyft news, CAO Lisa Blackwood-Kapral sold 9,081 shares of Lyft stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $18.02, for a total value of $163,639.62. Following the transaction, the chief accounting officer now owns 332,243 shares in the company, valued at $5,987,018.86. The trade was a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Logan Green sold 10,919 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $17.25, for a total value of $188,352.75. Following 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 position. The disclosure for this sale can be found here. Insiders sold 24,242 shares of company stock worth $427,330 over the last three months. Insiders own 3.07% of the company's stock.

Lyft Company 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.