Lyft, Inc. (NASDAQ:LYFT) Shares Acquired by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. increased its holdings in Lyft, Inc. (NASDAQ:LYFT - Free Report) by 19.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 508,169 shares of the ride-sharing company's stock after buying an additional 83,785 shares during the period. Harel Insurance Investments & Financial Services Ltd. owned about 0.12% of Lyft worth $6,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of LYFT. Renaissance Technologies LLC raised its stake in Lyft by 282.0% in the fourth quarter. Renaissance Technologies LLC now owns 8,623,227 shares of the ride-sharing company's stock worth $111,240,000 after buying an additional 6,365,727 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Lyft by 828.5% during the fourth quarter. Two Sigma Advisers LP now owns 6,662,535 shares of the ride-sharing company's stock worth $85,947,000 after purchasing an additional 5,945,000 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Lyft by 156.9% during the fourth quarter. Two Sigma Investments LP now owns 8,025,099 shares of the ride-sharing company's stock worth $103,524,000 after purchasing an additional 4,901,358 shares in the last quarter. Norges Bank acquired a new position in shares of Lyft during the fourth quarter worth $49,599,000. Finally, Capital World Investors increased its position in shares of Lyft by 49.4% during the fourth quarter. Capital World Investors now owns 6,775,478 shares of the ride-sharing company's stock worth $87,404,000 after purchasing an additional 2,240,478 shares in the last quarter. Institutional investors own 83.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Loop Capital reduced their price target on Lyft from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Tigress Financial reaffirmed a "buy" rating and set a $28.00 price target (up from $26.00) on shares of Lyft in a research report on Wednesday, May 21st. Citigroup reissued a "hold" rating and issued a $14.00 target price (down from $22.00) on shares of Lyft in a research report on Friday, June 27th. TD Cowen raised Lyft from a "hold" rating to a "buy" rating and upped their target price for the company from $16.00 to $21.00 in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group raised Lyft from a "neutral" rating to a "buy" rating and set a $20.00 target price on the stock in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $16.67.

Lyft Trading Down 0.5%

NASDAQ LYFT traded down $0.08 on Monday, reaching $16.07. The stock had a trading volume of 11,911,422 shares, compared to its average volume of 16,258,903. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 107.13, a P/E/G ratio of 3.17 and a beta of 2.20. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.66. Lyft, Inc. has a 12-month low of $8.93 and a 12-month high of $19.07. The stock has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $13.55.

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

Insider Transactions at Lyft

In other Lyft news, Director Jill Beggs sold 1,572 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $16.41, for a total value of $25,796.52. Following the completion of the transaction, the director owned 20,467 shares in the company, valued at $335,863.47. The trade was a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lindsay Catherine Llewellyn sold 22,736 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $12.45, for a total transaction of $283,063.20. Following the completion of the transaction, the insider owned 959,697 shares of the company's stock, valued at approximately $11,948,227.65. This trade represents a 2.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,732 shares of company stock worth $347,159 in the last ninety days. 3.07% of the stock is owned by company insiders.

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.