Vontobel Holding Ltd. Has $232,000 Stock Holdings in Lyft, Inc. (NASDAQ:LYFT)

Vontobel Holding Ltd. decreased its stake in Lyft, Inc. (NASDAQ:LYFT) by 61.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,007 shares of the ride-sharing company’s stock after selling 29,174 shares during the period. Vontobel Holding Ltd.’s holdings in Lyft were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LYFT. Allspring Global Investments Holdings LLC grew its stake in shares of Lyft by 2,103.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,765 shares of the ride-sharing company’s stock worth $252,000 after acquiring an additional 18,868 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Lyft by 4,469.8% in the third quarter. International Assets Investment Management LLC now owns 114,062 shares of the ride-sharing company’s stock worth $1,454,000 after acquiring an additional 111,566 shares during the last quarter. Allworth Financial LP grew its stake in shares of Lyft by 34.1% in the third quarter. Allworth Financial LP now owns 7,282 shares of the ride-sharing company’s stock worth $93,000 after acquiring an additional 1,852 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Lyft in the third quarter worth $424,000. Finally, Carret Asset Management LLC grew its stake in shares of Lyft by 13.8% in the third quarter. Carret Asset Management LLC now owns 13,425 shares of the ride-sharing company’s stock worth $171,000 after acquiring an additional 1,625 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Insider Buying and Selling at Lyft

In other news, Director Logan Green sold 10,919 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $17.25, for a total transaction of $188,352.75. Following the sale, the director now owns 314,492 shares in the company, valued at $5,424,987. This represents a 3.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.07% of the company’s stock.

Lyft Price Performance

Shares of LYFT opened at $13.05 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.75 and a current ratio of 0.76. The stock has a 50 day simple moving average of $13.66 and a 200 day simple moving average of $13.59. Lyft, Inc. has a 52-week low of $8.93 and a 52-week high of $20.82. The firm has a market capitalization of $5.41 billion, a PE ratio of 217.42, a P/E/G ratio of 1.89 and a beta of 2.16.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data on Tuesday, February 11th. The ride-sharing company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.10). Lyft had a net margin of 0.39% and a return on equity of 8.03%. Sell-side analysts predict that Lyft, Inc. will post 0.22 EPS for the current fiscal year.

Lyft announced that its board has authorized a share repurchase plan on Tuesday, February 11th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the ride-sharing company to buy up to 8.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts recently commented on LYFT shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Lyft in a research report on Wednesday, February 12th. Evercore ISI reduced their target price on Lyft from $19.00 to $15.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. Loop Capital raised their target price on Lyft from $16.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Wedbush reduced their target price on Lyft from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Lyft in a research report on Tuesday. Twenty-six 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.22.

About Lyft

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.