Lyft, Inc. (NASDAQ:LYFT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Lyft, Inc. (NASDAQ:LYFT - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,630,432 shares of the ride-sharing company's stock after acquiring an additional 141,823 shares during the period. Charles Schwab Investment Management Inc. owned about 0.92% of Lyft worth $54,420,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LYFT. Private Advisor Group LLC grew its position in Lyft by 19.9% during the fourth quarter. Private Advisor Group LLC now owns 14,476 shares of the ride-sharing company's stock valued at $217,000 after buying an additional 2,403 shares during the period. SouthState Corp raised its position in shares of Lyft by 103.8% during the 4th quarter. SouthState Corp now owns 12,345 shares of the ride-sharing company's stock valued at $185,000 after purchasing an additional 6,288 shares during the period. a16z Perennial Management L.P. purchased a new position in shares of Lyft during the 4th quarter valued at $34,000. Victory Capital Management Inc. boosted its holdings in Lyft by 3.3% in the 4th quarter. Victory Capital Management Inc. now owns 185,963 shares of the ride-sharing company's stock worth $2,788,000 after buying an additional 6,018 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new stake in Lyft in the 4th quarter worth $326,000. 83.07% of the stock is owned by hedge funds and other institutional investors.

Lyft Trading Down 1.9 %

Shares of Lyft stock traded down $0.33 on Friday, reaching $16.62. The company had a trading volume of 11,922,860 shares, compared to its average volume of 16,170,436. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.87 and a current ratio of 0.82. The firm has a market cap of $6.64 billion, a PE ratio of -35.36 and a beta of 2.05. The firm's 50 day moving average price is $17.79 and its two-hundred day moving average price is $14.88. Lyft, Inc. has a 52-week low of $7.85 and a 52-week high of $20.82.

Lyft (NASDAQ:LYFT - Get Free Report) last released its earnings results on Tuesday, February 13th. The ride-sharing company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.14. Lyft had a negative return on equity of 23.77% and a negative net margin of 3.94%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Sell-side analysts predict that Lyft, Inc. will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Kristin Sverchek sold 3,500 shares of the firm's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $17.50, for a total transaction of $61,250.00. Following the sale, the president now owns 60,778 shares of the company's stock, valued at approximately $1,063,615. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director John Patrick Zimmer sold 15,724 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $17.51, for a total transaction of $275,327.24. Following the sale, the director now owns 1,204,071 shares of the company's stock, valued at $21,083,283.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Kristin Sverchek sold 3,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $17.50, for a total transaction of $61,250.00. Following the completion of the sale, the president now owns 60,778 shares in the company, valued at $1,063,615. The disclosure for this sale can be found here. Insiders sold a total of 274,856 shares of company stock worth $5,272,867 over the last 90 days. Corporate insiders own 3.16% of the company's stock.

Analyst Upgrades and Downgrades

LYFT has been the subject of a number of research reports. Barclays increased their target price on Lyft from $17.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 8th. BMO Capital Markets boosted their target price on Lyft from $15.00 to $18.00 and gave the company a "market perform" rating in a research report on Wednesday, May 8th. Tigress Financial lifted their price objective on shares of Lyft from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, April 18th. Citigroup raised their target price on shares of Lyft from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Lyft from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Lyft has a consensus rating of "Hold" and an average price target of $16.70.

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.