Lyft, Inc. $LYFT Stock Position Raised by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Lyft, Inc. by 40.2% in the first quarter, now holding 104,314 shares worth approximately $1.22 million.
• Lyft reported earnings of $0.10 per share, missing the expected $0.27, with quarterly revenue of $1.59 billion, slightly below estimates.
• Wall Street analysts have mixed views on Lyft, with a consensus rating of "Hold" and a target price averaging around $16.83.

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) by 40.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,314 shares of the ride-sharing company's stock after acquiring an additional 29,912 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Lyft were worth $1,221,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Rakuten Group Inc. acquired a new stake in shares of Lyft in the first quarter worth $130,434,000. Two Sigma Advisers LP boosted its position in shares of Lyft by 828.5% in 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 buying an additional 5,945,000 shares during the period. Two Sigma Investments LP boosted its position in shares of Lyft by 156.9% in 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 buying an additional 4,901,358 shares during the period. Nuveen LLC acquired a new stake in shares of Lyft in the first quarter worth $31,143,000. Finally, Jupiter Asset Management Ltd. boosted its position in Lyft by 2,553.0% during the first quarter. Jupiter Asset Management Ltd. now owns 2,607,399 shares of the ride-sharing company's stock valued at $30,950,000 after purchasing an additional 2,509,118 shares during the last quarter. 83.07% of the stock is owned by institutional investors.

Lyft Price Performance

NASDAQ LYFT opened at $17.01 on Friday. Lyft, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $19.07. The stock's 50-day moving average is $15.00 and its two-hundred day moving average is $13.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $6.91 billion, a P/E ratio of 70.88, a price-to-earnings-growth ratio of 2.58 and a beta of 2.26.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $21.00 price objective on shares of Lyft in a research report on Thursday, June 5th. Needham & Company LLC reissued a "hold" rating on shares of Lyft in a research report on Friday, May 9th. Wall Street Zen raised Lyft from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Barclays lifted their price objective on Lyft from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Lyft from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Nine analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lyft presently has an average rating of "Hold" and a consensus target price of $16.83.

Insiders Place Their Bets

In other Lyft news, CEO John David Risher acquired 6,538 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were acquired at an average cost of $15.29 per share, for a total transaction of $99,966.02. Following the completion of the purchase, the chief executive officer owned 11,791,340 shares of the company's stock, valued at approximately $180,289,588.60. This trade represents a 0.06% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the chief financial officer owned 540,759 shares in the company, valued at $8,241,167.16. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,928 shares of company stock valued at $703,839. Company 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.

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