CenterBook Partners LP Has $967,000 Stock Holdings in Lyft, Inc. $LYFT

CenterBook Partners LP trimmed its stake in shares of Lyft, Inc. (NASDAQ:LYFT) by 91.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 43,915 shares of the ride-sharing company’s stock after selling 458,659 shares during the quarter. CenterBook Partners LP’s holdings in Lyft were worth $967,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in Lyft by 144.9% during the 2nd quarter. AQR Capital Management LLC now owns 24,009,925 shares of the ride-sharing company’s stock worth $378,396,000 after buying an additional 14,205,143 shares during the period. Geode Capital Management LLC increased its position in shares of Lyft by 0.3% in the second quarter. Geode Capital Management LLC now owns 6,633,591 shares of the ride-sharing company’s stock worth $104,561,000 after acquiring an additional 20,354 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Lyft by 75.7% during the second quarter. Marshall Wace LLP now owns 5,464,934 shares of the ride-sharing company’s stock valued at $86,127,000 after acquiring an additional 2,353,769 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Lyft by 415.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,714,935 shares of the ride-sharing company’s stock valued at $58,547,000 after acquiring an additional 2,993,807 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Lyft by 12.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,521,652 shares of the ride-sharing company’s stock worth $55,501,000 after purchasing an additional 376,661 shares during the period. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Lyft Stock Up 0.4%

Shares of Lyft stock opened at $13.95 on Friday. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 2.05, a P/E/G ratio of 0.81 and a beta of 1.93. The stock has a 50-day simple moving average of $17.75 and a 200-day simple moving average of $18.99. Lyft, Inc. has a 52-week low of $9.66 and a 52-week high of $25.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.65 and a quick ratio of 0.65.

Lyft declared that its Board of Directors has approved a share buyback plan on Tuesday, February 10th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the ride-sharing company to buy up to 15.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

LYFT has been the topic of several recent analyst reports. Barclays cut their target price on shares of Lyft from $27.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Benchmark reissued a “buy” rating on shares of Lyft in a research note on Tuesday, October 28th. Royal Bank Of Canada decreased their price objective on Lyft from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. KeyCorp reiterated a “sector weight” rating on shares of Lyft in a report on Wednesday, February 11th. Finally, Piper Sandler restated an “overweight” rating on shares of Lyft in a report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.66.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Bullish take arguing Lyft still has “incredible upside” despite autonomous‑vehicle fears, highlighting potential long‑term value if execution/monetization improves. Lyft: Incredible Upside Potential Despite AV Fears
• Neutral Sentiment: Lyft CFO Erin Brewer will appear at the Bernstein TMT forum next week; the fireside chat (webcast available) gives management a venue to address guidance, margin plans and cost discipline with investors. Lyft CFO to Participate in Fireside Chat at the Bernstein TMT Forum
• Neutral Sentiment: Comparisons between Uber and Lyft after Q4 suggest both firms missed, but analysts point to differences in valuation, buybacks and recent price performance when choosing which ride‑hailer might rebound faster. That framing leaves Lyft more exposed to sentiment shifts. UBER vs. LYFT: Which Ride‑Hailing Stock Is Better Placed Post Q4?
• Negative Sentiment: Q4 update: revenue growth missed expectations even though non‑GAAP profit topped forecasts — investors have punished the stock on growth concerns, contributing to sharp short‑term declines. Lyft (NasdaqGS:LYFT) Valuation Check After Q4 Miss On Revenue Growth But Beat On Non GAAP Profit
• Negative Sentiment: Analysts have trimmed Lyft’s fair value and nudged up required returns, lowering growth assumptions (fair value moved from ~$24.07 to ~$20.31 in one note) — a direct headwind for sentiment and target prices. How The Story Behind Lyft (LYFT) Is Changing As Analysts Reset Expectations
• Negative Sentiment: Local criminal case: two teens charged in a fatal shooting of a Lyft driver — a reputational and liability issue that can raise regulatory/safety scrutiny and insurance/legal costs. 2 teens charged for Lyft driver’s deadly shooting
• Negative Sentiment: Operational cost pressure at airports: reports say SFO is collecting record fees from Uber and Lyft, which can squeeze margins on key pickup/drop‑off locations and make unit economics tougher. SFO is taking your Uber and Lyft cash at a new record high

Insider Activity

In other news, Director David Lawee sold 6,578 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $22.55, for a total transaction of $148,333.90. Following the transaction, the director owned 104,460 shares in the company, valued at approximately $2,355,573. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John David Risher acquired 5,030 shares of Lyft stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $19.80 per share, with a total value of $99,594.00. Following the purchase, the chief executive officer owned 11,802,296 shares in the company, valued at $233,685,460.80. The trade was a 0.04% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 187,443 shares of company stock valued at $4,178,618. 3.07% of the stock is currently owned by company insiders.

Lyft Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.