Epoch Investment Partners Inc. Has $1.14 Million Position in Lyft, Inc. $LYFT

Key Points

• Epoch Investment Partners Inc. reduced its stake in Lyft, Inc. by 24.3%, selling 30,749 shares and owning 95,828 shares valued at approximately $1.14 million.
• Several institutional investors, including Vanguard Group Inc. and Ameriprise Financial Inc., increased their holdings in Lyft during the same period, indicating significant interest from major financial entities.
• Lyft's recent earnings report showed a net loss of $0.10 EPS, missing expectations, and a revenue of $1.59 billion, which was also below analysts' forecast of $1.61 billion.

Epoch Investment Partners Inc. decreased its holdings in Lyft, Inc. (NASDAQ:LYFT - Free Report) by 24.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,828 shares of the ride-sharing company's stock after selling 30,749 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Lyft were worth $1,137,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LYFT. Rakuten Group Inc. acquired a new stake in shares of Lyft in the 1st quarter valued at $130,434,000. Two Sigma Advisers LP increased its stake in shares of Lyft by 828.5% in the 4th quarter. Two Sigma Advisers LP now owns 6,662,535 shares of the ride-sharing company's stock valued at $85,947,000 after buying an additional 5,945,000 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Lyft by 26.3% in the 1st quarter. Ameriprise Financial Inc. now owns 24,849,205 shares of the ride-sharing company's stock valued at $294,978,000 after buying an additional 5,178,118 shares during the period. Two Sigma Investments LP increased its stake in shares of Lyft by 156.9% in the 4th quarter. Two Sigma Investments LP now owns 8,025,099 shares of the ride-sharing company's stock valued at $103,524,000 after buying an additional 4,901,358 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Lyft by 83,744.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,144,991 shares of the ride-sharing company's stock valued at $37,331,000 after buying an additional 3,141,240 shares during the period. Institutional investors own 83.07% of the company's stock.

Lyft Trading Up 0.5%

Shares of Lyft stock traded up $0.08 during trading on Monday, reaching $16.22. 17,103,169 shares of the company were exchanged, compared to its average volume of 21,864,066. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.72. Lyft, Inc. has a twelve month low of $9.66 and a twelve month high of $19.07. The business has a 50-day moving average price of $15.17 and a 200-day moving average price of $13.94. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 67.59, a P/E/G ratio of 2.65 and a beta of 2.33.

Lyft (NASDAQ:LYFT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.17). The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. Lyft had a return on equity of 14.32% and a net margin of 1.51%.The firm's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. Sell-side analysts anticipate that Lyft, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays lifted their target price on Lyft from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Wall Street Zen raised Lyft from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Roth Capital raised Lyft from a "neutral" rating to a "buy" rating and set a $19.00 target price for the company in a research note on Thursday, August 7th. Needham & Company LLC reissued a "hold" rating on shares of Lyft in a research note on Friday, May 9th. Finally, Sanford C. Bernstein lifted their target price on Lyft from $16.00 to $18.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $16.83.

Insider Activity

In other Lyft news, insider Lindsay Catherine Llewellyn sold 28,356 shares of Lyft stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $15.85, for a total transaction of $449,442.60. Following the transaction, the insider directly owned 850,388 shares in the company, valued at approximately $13,478,649.80. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Erin Brewer sold 15,000 shares of Lyft stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $15.24, for a total value of $228,600.00. Following the transaction, the chief financial officer owned 540,759 shares in the company, valued at approximately $8,241,167.16. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,821 shares of company stock worth $701,966. 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.