Lyft, Inc. $LYFT Shares Sold by Hennessy Advisors Inc.

Key Points

• Hennessy Advisors cut its Lyft stake by 5.3% in Q4, selling 99,200 shares and retaining 1,780,900 shares worth roughly $34.5 million after the transaction.
• Lyft's Board authorized a $1.00 billion stock buyback, allowing repurchases of up to 15.1% of outstanding shares.
• Several large institutions (notably Victory Capital, AQR, Invesco and ING) materially increased positions recently, and institutional ownership of Lyft stands at 83.07%.

Hennessy Advisors Inc. reduced its stake in Lyft, Inc. (NASDAQ:LYFT - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,780,900 shares of the ride-sharing company's stock after selling 99,200 shares during the quarter. Lyft accounts for 1.2% of Hennessy Advisors Inc.'s investment portfolio, making the stock its 24th largest position. Hennessy Advisors Inc. owned 0.45% of Lyft worth $34,496,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in shares of Lyft by 479.1% in the third quarter. Victory Capital Management Inc. now owns 3,580,564 shares of the ride-sharing company's stock valued at $78,808,000 after purchasing an additional 2,962,266 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Lyft by 7.4% in the third quarter. AQR Capital Management LLC now owns 25,783,363 shares of the ride-sharing company's stock valued at $567,492,000 after purchasing an additional 1,773,438 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Lyft by 134.0% in the third quarter. Invesco Ltd. now owns 2,491,790 shares of the ride-sharing company's stock valued at $54,844,000 after purchasing an additional 1,426,860 shares in the last quarter. ING Groep NV boosted its holdings in Lyft by 699.7% in the third quarter. ING Groep NV now owns 1,626,500 shares of the ride-sharing company's stock valued at $35,799,000 after purchasing an additional 1,423,100 shares during the period. Finally, Woodline Partners LP purchased a new position in Lyft in the third quarter valued at $30,059,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lyft

In other Lyft news, CAO Stephen W. Hope sold 5,284 shares of Lyft stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $13.83, for a total transaction of $73,077.72. Following the transaction, the chief accounting officer owned 300,570 shares of the company's stock, valued at $4,156,883.10. The trade was a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jill Beggs sold 2,093 shares of Lyft stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $13.89, for a total value of $29,071.77. Following the transaction, the director directly owned 32,185 shares in the company, valued at approximately $447,049.65. This trade represents a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,038 shares of company stock valued at $416,841 over the last ninety days. Insiders own 0.92% of the company's stock.

Lyft Price Performance

Shares of LYFT opened at $14.95 on Monday. Lyft, Inc. has a 1-year low of $10.60 and a 1-year high of $25.54. The stock has a market cap of $5.95 billion, a PE ratio of 2.19, a price-to-earnings-growth ratio of 0.91 and a beta of 1.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a fifty day moving average price of $13.64 and a 200 day moving average price of $17.77.

Lyft declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 10th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the ride-sharing company to repurchase up to 15.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LYFT. Cantor Fitzgerald decreased their target price on Lyft from $21.00 to $14.00 and set a "neutral" rating for the company in a report on Wednesday, February 11th. Jefferies Financial Group decreased their target price on Lyft from $20.00 to $15.50 and set a "hold" rating for the company in a report on Wednesday, February 11th. Truist Financial reduced their target price on shares of Lyft from $18.00 to $15.00 and set a "hold" rating on the stock in a report on Wednesday, April 1st. UBS Group reaffirmed a "neutral" rating on shares of Lyft in a report on Monday, February 2nd. Finally, TD Cowen reaffirmed a "buy" rating on shares of Lyft in a report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.55.

Lyft News Summary

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft’s Flexdrive unit has begun construction on a major Waymo hub in Nashville, signaling deeper operational partnerships with AV fleets that can produce steady fleet-revenue and infrastructure fees over time. Flexdrive by Lyft begins construction on major Waymo hub in Nashville
• Positive Sentiment: Uber and Lyft launched new shuttle services to Boston’s Logan Airport — a product expansion that can capture price-sensitive airport riders, increase trip density and utilization in a key metro. Uber and Lyft begin offering Logan Airport shuttle services
• Positive Sentiment: Market commentary attributes today’s share jump to a wave of positive autonomous-vehicle headlines lifting ride-hailing stocks, suggesting investor appetite for Lyft’s Waymo-related progress and other operational news. Why Is Lyft (LYFT) Stock Soaring Today
• Neutral Sentiment: Lyft set a Q1 2026 earnings release date for May 7 and will host a conference call the same day — an immediate catalyst that could move the stock based on topline growth, margin trends and AV/service partnerships commentary. Lyft To Announce First Quarter 2026 Financial Results
• Neutral Sentiment: Broad reporting on gig-worker pay and variability underscores ongoing labor-cost visibility for Lyft; wage dynamics remain an ongoing margin risk but not a fresh company-specific surprise. We asked 12 gig workers how much they made in 2025. The answers varied wildly.
• Negative Sentiment: Lawsuits tied to violent attacks on drivers (including an alleged execution of a Lyft driver by a rider using a fake ID) raise legal/liability and reputational risk; potential settlements or regulatory scrutiny could be costly. Lyft driver executed by rider using fake ID, dumped on side of road as ride-hailing giant knew gig workers were being targeted but did nothing: suit
• Negative Sentiment: Local political pushback and disputes over rideshare taxation/ads (e.g., Philadelphia) are ongoing regulatory risks that could increase operating costs or limit pricing flexibility in certain cities. Philadelphia mayor fires back at Uber and Lyft over rideshare tax plan

About Lyft

Lyft, Inc NASDAQ: LYFT operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft's platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.

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