WINTON GROUP Ltd Acquires Shares of 300,900 Lyft, Inc. $LYFT

Key Points

• WINTON GROUP Ltd acquired 300,900 Lyft shares in the second quarter, valued at approximately $4.4 million and representing 0.08% of the company. Institutional investors collectively own 83.07% of Lyft.
• Lyft reaffirmed its third-quarter 2026 guidance and expanded its autonomous-vehicle offering through a Waymo partnership in Nashville, though the appointment of a new CFO and recent insider selling created some investor uncertainty.
• Analysts maintain a broadly neutral view, with Lyft holding a consensus “Hold” rating and an average price target of $19.69. The company recently reported 16.1% year-over-year revenue growth to $1.84 billion but slightly missed quarterly EPS expectations.

WINTON GROUP Ltd acquired a new stake in Lyft, Inc. (NASDAQ:LYFT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 300,900 shares of the ride-sharing company's stock, valued at approximately $4,396,000. WINTON GROUP Ltd owned 0.08% of Lyft as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC raised its position in Lyft by 7.4% during the third quarter. AQR Capital Management LLC now owns 25,783,363 shares of the ride-sharing company's stock valued at $567,492,000 after acquiring an additional 1,773,438 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Lyft by 15.4% during the 4th quarter. Renaissance Technologies LLC now owns 9,873,232 shares of the ride-sharing company's stock worth $191,245,000 after purchasing an additional 1,320,938 shares during the period. Altshuler Shaham Ltd grew its stake in shares of Lyft by 51.6% during the 1st quarter. Altshuler Shaham Ltd now owns 7,662,027 shares of the ride-sharing company's stock worth $101,905,000 after purchasing an additional 2,607,417 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Lyft by 58.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,720,478 shares of the ride-sharing company's stock valued at $89,360,000 after purchasing an additional 2,467,010 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Lyft by 1,333.6% during the 2nd quarter. California State Teachers Retirement System now owns 6,441,315 shares of the ride-sharing company's stock valued at $94,108,000 after purchasing an additional 5,992,016 shares in the last quarter. Hedge funds and other institutional investors own 83.07% of the company's stock.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Waymo partnership expands Lyft’s autonomous-vehicle offering. Riders in Nashville can now request Waymo robotaxi rides through the Lyft app, strengthening Lyft’s role as a distribution platform for autonomous transportation and potentially supporting long-term growth. Waymo Rides Now Available on the Lyft App in Nashville
• Positive Sentiment: Lyft reaffirmed its third-quarter 2026 guidance. The company maintained its outlook for gross bookings, adjusted EBITDA and adjusted EBITDA margin, reducing concern that the recent selloff reflected weaker operating expectations. Michael Brous, an internal executive with nearly eight years at Lyft, was named the next CFO. Lyft Names New CFO, Reaffirms Q3 2026 Guidance
• Neutral Sentiment: Scotiabank upgraded Lyft to “Hold.” The change suggests a more balanced analyst view but does not represent a bullish recommendation. A technical indicator also suggested the recent pullback could be short-lived. Lyft Stock Pullback Could Be Short-Lived Says Signal
• Neutral Sentiment: Reported short interest was zero shares, but the data appears incomplete or erroneous and therefore provides little meaningful information about trading pressure.
• Negative Sentiment: The CFO change initially unsettled investors. Although the appointment is internal and guidance was reaffirmed, the transition created uncertainty around a key financial leadership role. Recent filings also show multiple insider sales, with no reported insider purchases in the past six months.
• Negative Sentiment: New allegations involving Lyft drivers could create reputational and legal risk. Reports describe an alleged abduction involving two women and a separate civil lawsuit connected to a convicted driver. The reports concern alleged driver conduct, but investors may still monitor potential liability, safety costs and effects on rider trust. Lyft Driver Accused of Abducting Two Women

Analysts Set New Price Targets

A number of brokerages recently issued reports on LYFT. JPMorgan Chase & Co. increased their price target on shares of Lyft from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. DA Davidson cut their price objective on shares of Lyft from $19.00 to $14.50 and set a "neutral" rating for the company in a report on Monday, May 18th. Tigress Financial reiterated a "buy" rating and issued a $28.00 price objective on shares of Lyft in a research report on Wednesday, June 24th. William Blair lowered shares of Lyft to a "market perform" rating in a research note on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $17.00 price target on shares of Lyft in a research note on Monday, August 10th. Thirteen research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $19.69.

Lyft Stock Up 0.8%

LYFT opened at $15.02 on Friday. The company has a market cap of $5.69 billion, a PE ratio of 2.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.83. Lyft, Inc. has a twelve month low of $12.46 and a twelve month high of $25.54. The company has a 50-day moving average price of $16.28 and a 200 day moving average price of $14.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.33.

Lyft (NASDAQ:LYFT - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lyft had a negative return on equity of 1.20% and a net margin of 42.32%.The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company's quarterly revenue was up 16.1% on a year-over-year basis. Sell-side analysts expect that Lyft, Inc. will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David Lawee sold 4,613 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $17.33, for a total value of $79,943.29. Following the completion of the transaction, the director directly owned 119,124 shares of the company's stock, valued at approximately $2,064,418.92. This represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen W. Hope sold 5,982 shares of the firm's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $17.34, for a total value of $103,727.88. Following the completion of the transaction, the chief accounting officer owned 299,974 shares in the company, valued at $5,201,549.16. The trade was a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 97,020 shares of company stock valued at $1,630,959. 0.92% of the stock is owned by corporate insiders.

Lyft Profile

Lyft, Inc is a transportation technology company that operates a digital platform connecting passengers with drivers. Its core service is app-based ridesharing, allowing users to request rides, receive estimated fares, track trips and pay electronically. Lyft also offers transportation options such as scheduled rides, airport services and premium ride categories.

In addition to ridesharing, Lyft provides access to bikes and scooters in select markets and offers transportation-management tools through Lyft Business.

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