ORG Wealth Partners LLC Invests $31,000 in Lyft, Inc. (NASDAQ:LYFT)

ORG Wealth Partners LLC acquired a new stake in shares of Lyft, Inc. (NASDAQ:LYFT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,393 shares of the ride-sharing company’s stock, valued at approximately $31,000.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new stake in shares of Lyft during the 3rd quarter valued at about $90,604,000. Maple Rock Capital Partners Inc. grew its position in Lyft by 84.8% during the third quarter. Maple Rock Capital Partners Inc. now owns 6,186,000 shares of the ride-sharing company’s stock valued at $78,872,000 after buying an additional 2,838,000 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Lyft by 27.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 8,114,166 shares of the ride-sharing company’s stock valued at $103,456,000 after buying an additional 1,735,208 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Lyft in the third quarter worth approximately $13,430,000. Finally, Huber Capital Management LLC boosted its stake in shares of Lyft by 62.1% during the 2nd quarter. Huber Capital Management LLC now owns 631,189 shares of the ride-sharing company’s stock worth $8,900,000 after acquiring an additional 241,814 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

Insiders Place Their Bets

In other Lyft news, CAO Lisa Blackwood-Kapral sold 9,081 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $18.02, for a total transaction of $163,639.62. Following the sale, the chief accounting officer now directly owns 332,243 shares of the company’s stock, valued at approximately $5,987,018.86. This trade represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lindsay Catherine Llewellyn sold 4,242 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.76, for a total value of $75,337.92. Following the completion of the transaction, the insider now directly owns 755,847 shares of the company’s stock, valued at approximately $13,423,842.72. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,242 shares of company stock valued at $427,330. 3.07% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LYFT has been the topic of a number of recent research reports. Cantor Fitzgerald raised their target price on Lyft from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Lyft in a research note on Friday, October 18th. Wedbush cut their price objective on Lyft from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Benchmark raised shares of Lyft from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Monday, January 6th. Finally, Evercore ISI lifted their price target on shares of Lyft from $17.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Twenty-seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.78.

Lyft Stock Performance

Shares of Lyft stock opened at $12.98 on Friday. The company has a 50 day moving average price of $15.43 and a 200 day moving average price of $13.42. The firm has a market capitalization of $5.38 billion, a P/E ratio of -81.13, a PEG ratio of 4.10 and a beta of 2.14. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. Lyft, Inc. has a 52 week low of $8.93 and a 52 week high of $20.82.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The business’s quarterly revenue was up 31.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.02) earnings per share. Sell-side analysts expect that Lyft, Inc. will post 0.08 EPS for the current year.

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.