Sage Rhino Capital LLC bought a new position in shares of LYFT Inc (NASDAQ:LYFT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,901 shares of the ride-sharing company’s stock, valued at approximately $228,000.

Several other large investors also recently bought and sold shares of the business. Baillie Gifford & Co. lifted its position in shares of LYFT by 1.1% during the first quarter. Baillie Gifford & Co. now owns 3,726,896 shares of the ride-sharing company’s stock worth $100,067,000 after acquiring an additional 42,134 shares in the last quarter. State Street Corp lifted its position in shares of LYFT by 8.3% during the first quarter. State Street Corp now owns 3,519,952 shares of the ride-sharing company’s stock worth $94,511,000 after acquiring an additional 270,710 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of LYFT by 51.2% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,139,284 shares of the ride-sharing company’s stock worth $84,290,000 after acquiring an additional 1,062,700 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of LYFT by 10.9% during the first quarter. Ontario Teachers Pension Plan Board now owns 3,000,000 shares of the ride-sharing company’s stock worth $80,549,000 after acquiring an additional 295,593 shares in the last quarter. Finally, Primecap Management Co. CA raised its position in shares of LYFT by 239.8% in the first quarter. Primecap Management Co. CA now owns 2,791,510 shares of the ride-sharing company’s stock worth $74,952,000 after buying an additional 1,970,110 shares in the last quarter. Hedge funds and other institutional investors own 62.32% of the company’s stock.

Shares of NASDAQ LYFT traded down $0.25 during trading hours on Friday, hitting $29.23. The company’s stock had a trading volume of 5,468,082 shares, compared to its average volume of 6,557,973. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of -4.64 and a beta of 1.69. LYFT Inc has a 12 month low of $14.56 and a 12 month high of $65.92. The business has a 50-day simple moving average of $32.11 and a 200-day simple moving average of $34.61.

LYFT (NASDAQ:LYFT) last posted its earnings results on Wednesday, May 6th. The ride-sharing company reported ($0.88) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.08) by $0.20. The company had revenue of $955.71 million for the quarter, compared to analysts’ expectations of $864.44 million. LYFT had a negative return on equity of 45.73% and a negative net margin of 49.05%. On average, equities research analysts forecast that LYFT Inc will post -5.02 EPS for the current year.

LYFT has been the topic of a number of recent analyst reports. Loop Capital lowered their price objective on LYFT from $62.00 to $41.00 in a research report on Thursday, May 21st. Needham & Company LLC lowered their price objective on LYFT from $48.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Argus initiated coverage on LYFT in a research report on Tuesday, April 21st. They issued a “buy” rating and a $39.00 price objective on the stock. Tigress Financial reiterated a “buy” rating on shares of LYFT in a research report on Thursday, May 14th. Finally, BidaskClub downgraded LYFT from a “hold” rating to a “sell” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-five have given a buy rating to the stock. LYFT currently has a consensus rating of “Buy” and a consensus target price of $46.86.

LYFT Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.

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Institutional Ownership by Quarter for LYFT (NASDAQ:LYFT)

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