Union Bancaire Privee UBP SA Has $93,000 Stake in Lyft, Inc. (NASDAQ:LYFT)

Union Bancaire Privee UBP SA lowered its stake in Lyft, Inc. (NASDAQ:LYFT - Free Report) by 91.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,000 shares of the ride-sharing company's stock after selling 83,000 shares during the period. Union Bancaire Privee UBP SA's holdings in Lyft were worth $93,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Spurstone Advisory Services LLC purchased a new position in shares of Lyft in the fourth quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Lyft during the 4th quarter worth approximately $29,000. Plato Investment Management Ltd purchased a new position in Lyft during the 4th quarter worth approximately $35,000. GAMMA Investing LLC raised its stake in Lyft by 81.4% during the 1st quarter. GAMMA Investing LLC now owns 2,756 shares of the ride-sharing company's stock valued at $33,000 after purchasing an additional 1,237 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of Lyft by 259.7% in the fourth quarter. Harbour Investments Inc. now owns 2,770 shares of the ride-sharing company's stock valued at $36,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company's stock.

Insiders Place Their Bets

In other Lyft news, Director John Patrick Zimmer sold 2,424 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $15.80, for a total transaction of $38,299.20. Following the completion of the transaction, the director now directly owns 879,498 shares in the company, valued at $13,896,068.40. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lindsay Catherine Llewellyn sold 22,736 shares of the business's stock in a transaction on 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 owns 959,697 shares in the company, valued at $11,948,227.65. This represents a 2.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,732 shares of company stock worth $347,159 in the last ninety days. Insiders own 3.07% of the company's stock.

Analyst Upgrades and Downgrades

LYFT has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded Lyft from a "neutral" rating to a "buy" rating and set a $20.00 price target on the stock in a report on Friday, May 9th. Tigress Financial reaffirmed a "buy" rating and set a $28.00 target price (up previously from $26.00) on shares of Lyft in a research note on Wednesday, May 21st. Morgan Stanley decreased their price target on shares of Lyft from $17.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of Lyft in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lyft from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, twenty-six have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $16.40.

Lyft Stock Performance

LYFT stock traded down $0.66 during mid-day trading on Friday, reaching $14.78. 12,715,401 shares of the stock traded hands, compared to its average volume of 16,118,047. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average of $13.92 and a two-hundred day moving average of $13.61. The firm has a market capitalization of $6.18 billion, a PE ratio of 246.33, a P/E/G ratio of 1.90 and a beta of 2.22. Lyft, Inc. has a 52 week low of $8.93 and a 52 week high of $19.07.

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

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.