Swedbank AB Takes Position in Lyft, Inc. $LYFT

Key Points

• Swedbank AB purchased 5,600,000 shares of Lyft in Q4 (about $108.5 million), representing roughly 1.40% of the company per its latest 13F filing.
• Lyft's Board authorized a $1.0 billion stock repurchase program, allowing buybacks of up to 15.1% of outstanding shares.
• Wall Street's consensus rating is a Hold with a $19.55 price target amid mixed analyst views; shares trade near $14 with a low PE (~2.1).

Swedbank AB purchased a new position in Lyft, Inc. (NASDAQ:LYFT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,600,000 shares of the ride-sharing company's stock, valued at approximately $108,472,000. Swedbank AB owned about 1.40% of Lyft as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Heartland Advisors Inc. grew its stake in shares of Lyft by 68.2% in the third quarter. Heartland Advisors Inc. now owns 594,800 shares of the ride-sharing company's stock worth $13,092,000 after acquiring an additional 241,250 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Lyft in the 3rd quarter worth about $2,080,000. Wealth Enhancement Advisory Services LLC boosted its stake in Lyft by 15.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 426,314 shares of the ride-sharing company's stock worth $9,029,000 after purchasing an additional 56,117 shares in the last quarter. AlphaQuest LLC grew its position in Lyft by 634.6% during the 3rd quarter. AlphaQuest LLC now owns 88,899 shares of the ride-sharing company's stock valued at $1,957,000 after purchasing an additional 76,798 shares during the last quarter. Finally, Carrera Capital Advisors purchased a new stake in Lyft during the 3rd quarter valued at about $2,222,000. Institutional investors own 83.07% of the company's stock.

Key Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Uber’s better-than-expected Q1 results and bookings outlook point to robust U.S. commuter and travel demand — a sector-level tailwind that often lifts Lyft shares because Lyft competes in the same market and can benefit from the same demand recovery. Uber Beats on Bookings Outlook in Sign of Growing US Demand
• Positive Sentiment: Market reports note Lyft moved higher alongside Uber after gross bookings topped expectations, suggesting positive sentiment and possible multiple expansion for Lyft on improving industry metrics. Uber rallies after gross bookings top expectations; Lyft also higher
• Positive Sentiment: Partnerships and promotions — e.g., DashPass members getting Lyft discounts and local safety/discount ride programs — can boost bookings and user reactivation at low marginal cost, supporting near-term revenue. DashPass Members Can Now Save on Lyft Rides
• Neutral Sentiment: Industry coverage and previews ahead of earnings keep expectations in focus; analysts are re-calibrating forecasts for both Lyft and Uber, which could increase volatility around upcoming releases. Uber and Lyft Earnings: How Have Expectations Evolved?
• Neutral Sentiment: Regional and international competitor results (e.g., Grab’s revenue beat) underscore geographic differences in demand and monetization but have limited direct near-term impact on Lyft’s US-centric business. Grab Holdings Incurs Loss in Q1, Surpasses Revenue Estimates
• Negative Sentiment: Motley Rice has filed a suit alleging Lyft’s exposure related to assault claims — a potential reputational, regulatory and financial risk. Lawsuits can lead to legal costs, indemnity exposure and increased regulation or insurance costs if they gain traction. Motley Rice files suit vs. Lyft: Rideshare co. in crosshairs over assault claims
• Negative Sentiment: Rising gas prices are pressuring driver economics and could reduce supply or require higher driver pay/subsidies; that squeezes margins or forces price adjustments that could dampen profitability. Rising gas prices force Lyft, Uber drivers to reconsider gig work
• Negative Sentiment: New local entrants (e.g., Empower launching in Houston) increase competitive pressure on pricing and driver availability in specific markets; impact depends on scale and ability to gain share. Empower, rideshare competitor to Uber and Lyft, launches in Houston

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LYFT. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Lyft in a report on Thursday, January 22nd. Guggenheim cut their price target on shares of Lyft from $26.00 to $22.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. Wedbush reduced their price target on shares of Lyft from $16.00 to $13.00 and set an "underperform" rating for the company in a research report on Wednesday, February 11th. UBS Group restated 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 research report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.55.

Insider Activity at Lyft

In other news, insider Lindsay Catherine Llewellyn sold 23,661 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $13.30, for a total transaction of $314,691.30. Following the transaction, the insider directly owned 696,850 shares of the company's stock, valued at $9,268,105. This represents a 3.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jill Beggs sold 2,093 shares of the firm's stock in a transaction 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 completion of the transaction, the director owned 32,185 shares in the company, valued at approximately $447,049.65. This trade represents a 6.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,699 shares of company stock worth $771,756 over the last quarter. Company insiders own 0.92% of the company's stock.

Lyft Stock Performance

Shares of NASDAQ LYFT opened at $14.23 on Thursday. The firm's 50-day moving average price is $13.69 and its 200-day moving average price is $17.27. Lyft, Inc. has a 52-week low of $12.31 and a 52-week high of $25.54. The company has a market cap of $5.67 billion, a PE ratio of 2.09, a PEG ratio of 0.87 and a beta of 1.84. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.31.

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

Lyft Profile

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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