Lyft, Inc. (NASDAQ:LYFT) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in Lyft, Inc. (NASDAQ:LYFT - Free Report) by 371.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,893 shares of the ride-sharing company's stock after purchasing an additional 66,886 shares during the period. Vontobel Holding Ltd.'s holdings in Lyft were worth $1,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Spurstone Advisory Services LLC bought a new position in shares of Lyft during the 4th quarter worth $25,000. GAMMA Investing LLC grew its position in shares of Lyft by 81.4% during the 1st quarter. GAMMA Investing LLC now owns 2,756 shares of the ride-sharing company's stock worth $33,000 after buying an additional 1,237 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Lyft during the 1st quarter worth $35,000. Harbour Investments Inc. grew its position in shares of Lyft by 259.7% during the 4th quarter. Harbour Investments Inc. now owns 2,770 shares of the ride-sharing company's stock worth $36,000 after buying an additional 2,000 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Lyft during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 83.07% of the company's stock.

Insiders Place Their Bets

In other Lyft news, CEO John David Risher bought 6,538 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were purchased at an average price of $15.29 per share, for a total transaction of $99,966.02. Following the transaction, the chief executive officer directly owned 11,791,340 shares of the company's stock, valued at approximately $180,289,588.60. This represents a 0.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lindsay Catherine Llewellyn sold 22,736 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $12.45, for a total value of $283,063.20. Following the completion of the transaction, the insider directly owned 959,697 shares of the company's stock, valued at approximately $11,948,227.65. This represents a 2.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,732 shares of company stock worth $347,159. Corporate insiders own 3.07% of the company's stock.

Lyft Stock Performance

NASDAQ:LYFT traded up $0.38 during trading hours on Friday, reaching $16.09. The company had a trading volume of 7,596,459 shares, compared to its average volume of 16,276,359. Lyft, Inc. has a 1-year low of $8.93 and a 1-year high of $19.07. The firm has a market cap of $6.72 billion, a PE ratio of 107.23, a price-to-earnings-growth ratio of 3.17 and a beta of 2.20. The business's 50 day moving average price is $15.21 and its 200-day moving average price is $13.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.77 and a quick ratio of 0.77.

Lyft (NASDAQ:LYFT - Get Free Report) last announced its quarterly 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). Lyft had a net margin of 0.95% and a return on equity of 11.28%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the firm posted $0.15 earnings per share. The company's revenue was up 13.5% compared to the same quarter last year. Research analysts forecast that Lyft, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of Lyft in a research report on Friday, May 9th. UBS Group raised their price objective on Lyft from $12.00 to $14.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. 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. KeyCorp reaffirmed a "sector weight" rating on shares of Lyft in a research report on Wednesday, March 26th. Finally, Bank of America downgraded Lyft from a "buy" rating to an "underperform" rating and set a $10.50 price objective on the stock. in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $16.64.

Lyft Company Profile

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.