Lyft, Inc. $LYFT Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 19.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 124,638 shares of the ride-sharing company’s stock after acquiring an additional 20,324 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Lyft were worth $1,977,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYFT. PNC Financial Services Group Inc. boosted its stake in Lyft by 42.1% in the first quarter. PNC Financial Services Group Inc. now owns 9,689 shares of the ride-sharing company’s stock valued at $115,000 after acquiring an additional 2,871 shares during the period. Maxi Investments CY Ltd raised its position in shares of Lyft by 320.4% during the 1st quarter. Maxi Investments CY Ltd now owns 945,933 shares of the ride-sharing company’s stock worth $11,228,000 after purchasing an additional 720,933 shares during the period. Joule Financial LLC bought a new stake in shares of Lyft in the 2nd quarter worth approximately $760,000. Polar Asset Management Partners Inc. bought a new stake in shares of Lyft in the 1st quarter worth approximately $2,191,000. Finally, Kaufman Rossin Wealth LLC grew its stake in Lyft by 93.1% during the 2nd quarter. Kaufman Rossin Wealth LLC now owns 32,188 shares of the ride-sharing company’s stock worth $507,000 after buying an additional 15,518 shares during the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Cowen reiterated a “buy” rating on shares of Lyft in a research note on Thursday, November 6th. Oppenheimer set a $26.00 target price on shares of Lyft and gave the company an “outperform” rating in a research note on Thursday, November 6th. Cantor Fitzgerald upped their target price on shares of Lyft from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Evercore ISI lifted their price target on Lyft from $15.00 to $30.00 and gave the company an “in-line” rating in a report on Thursday, November 6th. Finally, BMO Capital Markets boosted their price objective on Lyft from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.72.

Insiders Place Their Bets

In other Lyft news, CFO Erin Brewer sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $17.24, for a total value of $258,600.00. Following the sale, the chief financial officer directly owned 525,759 shares in the company, valued at approximately $9,064,085.16. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John David Risher acquired 5,926 shares of Lyft stock in a transaction dated Wednesday, September 3rd. The shares were acquired at an average price of $16.88 per share, with a total value of $100,030.88. Following the transaction, the chief executive officer owned 11,797,266 shares in the company, valued at approximately $199,137,850.08. This represents a 0.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 74,427 shares of company stock worth $1,252,686. 3.07% of the stock is owned by corporate insiders.

Lyft Price Performance

Shares of NASDAQ:LYFT opened at $23.14 on Monday. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 60.90, a PEG ratio of 2.30 and a beta of 2.36. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.72 and a quick ratio of 0.72. Lyft, Inc. has a 12 month low of $9.66 and a 12 month high of $25.54. The stock’s 50 day moving average price is $21.01 and its 200 day moving average price is $17.31.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings results on Wednesday, November 5th. The ride-sharing company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.17). Lyft had a net margin of 2.40% and a return on equity of 18.29%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities research analysts anticipate that Lyft, Inc. will post 0.22 earnings per share for the current fiscal year.

Lyft 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.