EULAV Asset Management Has $2.85 Million Stock Holdings in Lyft, Inc. (NASDAQ:LYFT)

EULAV Asset Management decreased its holdings in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 240,000 shares of the ride-sharing company's stock after selling 25,000 shares during the period. EULAV Asset Management owned approximately 0.06% of Lyft worth $2,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Amalgamated Bank boosted its holdings in shares of Lyft by 4.0% in the first quarter. Amalgamated Bank now owns 23,344 shares of the ride-sharing company's stock worth $277,000 after buying an additional 892 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Lyft by 11.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 9,025 shares of the ride-sharing company's stock worth $107,000 after buying an additional 914 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Lyft by 6.4% in the fourth quarter. Guggenheim Capital LLC now owns 16,023 shares of the ride-sharing company's stock worth $207,000 after buying an additional 970 shares during the period. US Bancorp DE boosted its holdings in shares of Lyft by 2.6% in the fourth quarter. US Bancorp DE now owns 41,539 shares of the ride-sharing company's stock worth $536,000 after buying an additional 1,045 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Lyft by 42.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 3,538 shares of the ride-sharing company's stock worth $46,000 after purchasing an additional 1,058 shares in the last quarter. Institutional investors own 83.07% of the company's stock.

Lyft Price Performance

Shares of NASDAQ LYFT traded down $0.08 during midday trading on Monday, reaching $16.07. 11,911,422 shares of the company traded hands, compared to its average volume of 16,258,899. The stock's 50-day simple moving average is $15.21 and its 200-day simple moving average is $13.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.77 and a current ratio of 0.77. Lyft, Inc. has a 12 month low of $8.93 and a 12 month high of $19.07. The firm has a market cap of $6.72 billion, a PE ratio of 107.13, a PEG ratio of 3.17 and a beta of 2.20.

Lyft (NASDAQ:LYFT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The ride-sharing company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.19). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.47 billion. Lyft had a return on equity of 11.28% and a net margin of 0.95%. The firm's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. As a group, equities analysts anticipate that Lyft, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $21.00 price target on shares of Lyft in a research report on Thursday, June 5th. Wall Street Zen raised shares of Lyft from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Morgan Stanley reduced their price target on shares of Lyft from $17.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. DA Davidson reaffirmed a "neutral" rating and set a $15.00 price objective on shares of Lyft in a research report on Wednesday, April 16th. Finally, Oppenheimer reissued an "outperform" rating and issued a $17.00 price target (up previously from $15.00) on shares of Lyft in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $16.67.

Insider Activity at Lyft

In other Lyft news, Director Jill Beggs sold 1,572 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $16.41, for a total transaction of $25,796.52. Following the completion of the sale, the director directly owned 20,467 shares of the company's stock, valued at approximately $335,863.47. The trade was a 7.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Patrick Zimmer sold 2,424 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $15.80, for a total value of $38,299.20. Following the sale, the director directly owned 879,498 shares of the company's stock, valued at $13,896,068.40. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,732 shares of company stock worth $347,159 in the last 90 days. Corporate insiders own 3.07% of the company's stock.

About Lyft

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.