Deutsche Bank AG Has $13.20 Million Position in Lyft, Inc. (NASDAQ:LYFT)

Deutsche Bank AG grew its holdings in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,023,434 shares of the ride-sharing company's stock after purchasing an additional 132,862 shares during the period. Deutsche Bank AG owned approximately 0.25% of Lyft worth $13,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Corton Capital Inc. grew its holdings in shares of Lyft by 67.6% in the 4th quarter. Corton Capital Inc. now owns 24,205 shares of the ride-sharing company's stock worth $312,000 after acquiring an additional 9,762 shares during the last quarter. Cresset Asset Management LLC increased its stake in Lyft by 42.6% in the 4th quarter. Cresset Asset Management LLC now owns 24,739 shares of the ride-sharing company's stock worth $319,000 after purchasing an additional 7,396 shares in the last quarter. Centiva Capital LP raised its holdings in Lyft by 511.1% during the 4th quarter. Centiva Capital LP now owns 343,599 shares of the ride-sharing company's stock worth $4,432,000 after buying an additional 287,377 shares during the period. Brevan Howard Capital Management LP raised its holdings in Lyft by 381.3% during the 4th quarter. Brevan Howard Capital Management LP now owns 522,315 shares of the ride-sharing company's stock worth $6,738,000 after buying an additional 413,803 shares during the period. Finally, Captrust Financial Advisors lifted its stake in Lyft by 169.2% during the fourth quarter. Captrust Financial Advisors now owns 29,112 shares of the ride-sharing company's stock valued at $376,000 after buying an additional 18,299 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company's stock.

Insider Buying and Selling

In other Lyft news, Director Logan Green sold 11,411 shares of Lyft stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $13.34, for a total value of $152,222.74. Following the completion of the transaction, the director now owns 297,640 shares in the company, valued at approximately $3,970,517.60. The trade was a 3.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Patrick Zimmer sold 2,424 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $12.52, for a total value of $30,348.48. Following the completion of the transaction, the director now directly owns 911,922 shares in the company, valued at approximately $11,417,263.44. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,143 shares of company stock worth $486,841 in the last quarter. 3.07% of the stock is owned by corporate insiders.

Lyft Price Performance

LYFT traded down $0.01 during midday trading on Monday, reaching $16.76. 10,478,132 shares of the company's stock were exchanged, compared to its average volume of 16,196,732. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.74. The business has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $13.71. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 279.33, a price-to-earnings-growth ratio of 1.90 and a beta of 2.14. Lyft, Inc. has a one year low of $8.93 and a one year high of $19.07.

Lyft (NASDAQ:LYFT - Get Free Report) last posted its earnings results on Thursday, May 8th. The ride-sharing company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.19). Lyft had a return on equity of 8.03% and a net margin of 0.39%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the business earned $0.15 EPS. Lyft's quarterly revenue was up 13.5% compared to the same quarter last year. As a group, research analysts predict that Lyft, Inc. will post 0.22 EPS for the current year.

Lyft announced that its Board of Directors has approved a share repurchase program on Tuesday, February 11th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the ride-sharing company to reacquire up to 8.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

LYFT has been the topic of a number of recent analyst reports. Evercore ISI cut their price target on shares of Lyft from $19.00 to $15.00 and set an "in-line" rating on the stock in a report on Wednesday, February 12th. Wedbush cut 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 Wednesday, February 12th. Citigroup reaffirmed an "overweight" rating on shares of Lyft in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on Lyft from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Finally, KeyCorp restated a "sector weight" rating on shares of Lyft in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lyft has an average rating of "Hold" and a consensus target price of $16.56.

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.