UMB Bank n.a. Acquires New Holdings in Lyft, Inc. (NASDAQ:LYFT)

UMB Bank n.a. acquired a new stake in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,568 shares of the ride-sharing company's stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Lyft during the 4th quarter worth approximately $29,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Lyft in the 4th quarter valued at about $445,000. Empowered Funds LLC boosted its holdings in shares of Lyft by 6.9% during the 4th quarter. Empowered Funds LLC now owns 21,292 shares of the ride-sharing company's stock worth $275,000 after buying an additional 1,382 shares in the last quarter. Savant Capital LLC acquired a new stake in Lyft in the fourth quarter worth $1,034,000. Finally, Summit Trail Advisors LLC increased its position in Lyft by 4.5% in the 4th quarter. Summit Trail Advisors LLC now owns 27,249 shares of the ride-sharing company's stock valued at $352,000 after buying an additional 1,182 shares in the last quarter. Institutional investors own 83.07% of the company's stock.

Lyft Trading Down 0.8%

LYFT stock traded down $0.12 on Thursday, reaching $15.44. The company's stock had a trading volume of 9,056,261 shares, compared to its average volume of 16,120,872. The firm has a market cap of $6.45 billion, a PE ratio of 257.33, a PEG ratio of 1.90 and a beta of 2.22. The business has a fifty day simple moving average of $13.83 and a two-hundred day simple moving average of $13.63. Lyft, Inc. has a 12-month low of $8.93 and a 12-month high of $19.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.75 and a current ratio of 0.76.

Lyft (NASDAQ:LYFT - Get Free Report) last announced its earnings results on Thursday, May 8th. The ride-sharing company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.19). Lyft had a net margin of 0.39% and a return on equity of 8.03%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $0.15 EPS. The company's revenue for the quarter was up 13.5% on a year-over-year basis. As a group, research analysts forecast that Lyft, Inc. will post 0.22 EPS for the current year.

Insiders Place Their Bets

In other Lyft news, insider Lindsay Catherine Llewellyn sold 22,736 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $12.45, for a total transaction of $283,063.20. Following the completion of the sale, the insider now directly owns 959,697 shares in the company, valued at approximately $11,948,227.65. This trade represents a 2.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jill Beggs sold 1,572 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $16.41, for a total transaction of $25,796.52. Following the completion of the transaction, the director now owns 20,467 shares of the company's stock, valued at approximately $335,863.47. The trade was a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,732 shares of company stock worth $347,159. Company insiders own 3.07% of the company's stock.

Analyst Ratings Changes

LYFT has been the topic of a number of analyst reports. Piper Sandler restated an "overweight" rating and issued a $18.00 target price (down previously from $23.00) on shares of Lyft in a report on Wednesday, February 12th. Bank of America lowered shares of Lyft from a "buy" rating to an "underperform" rating and set a $10.50 target price for the company. in a research report on Thursday, April 3rd. Wedbush decreased their price objective on Lyft from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada reiterated an "outperform" rating and issued a $21.00 target price on shares of Lyft in a research note on Thursday, June 5th. Finally, Roth Capital reissued a "neutral" rating on shares of Lyft in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, twenty-six have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $16.40.

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.