Janus Henderson Group PLC Sells 398,977 Shares of Lyft, Inc. $LYFT

Janus Henderson Group PLC cut its holdings in Lyft, Inc. (NASDAQ:LYFT) by 74.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,834 shares of the ride-sharing company’s stock after selling 398,977 shares during the quarter. Janus Henderson Group PLC’s holdings in Lyft were worth $1,821,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in Lyft by 13.7% during the 1st quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock valued at $287,000 after acquiring an additional 2,921 shares during the period. Focus Partners Wealth grew its holdings in Lyft by 44.0% in the first quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock worth $607,000 after purchasing an additional 15,621 shares during the period. Sivia Capital Partners LLC purchased a new stake in Lyft in the second quarter worth about $470,000. Invesco Ltd. increased its stake in shares of Lyft by 87.5% during the second quarter. Invesco Ltd. now owns 1,064,930 shares of the ride-sharing company’s stock valued at $16,783,000 after purchasing an additional 497,118 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Lyft by 12.6% during the second quarter. California Public Employees Retirement System now owns 709,188 shares of the ride-sharing company’s stock valued at $11,177,000 after purchasing an additional 79,634 shares during the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group boosted their price target on Lyft from $15.00 to $15.50 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price objective on Lyft from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday. Royal Bank Of Canada boosted their target price on Lyft from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday. Tigress Financial reissued a “buy” rating and issued a $28.00 target price on shares of Lyft in a research note on Wednesday, June 24th. Finally, Bank of America upgraded Lyft from an “underperform” rating to a “buy” rating in a report on Friday. Thirteen research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.57.

Lyft Stock Performance

Shares of LYFT stock opened at $17.46 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.59 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $14.95 and a 200-day moving average price of $14.52. Lyft, Inc. has a 52 week low of $12.46 and a 52 week high of $25.54. The firm has a market capitalization of $6.63 billion, a PE ratio of 2.54, a P/E/G ratio of 1.04 and a beta of 1.80.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities research analysts expect that Lyft, Inc. will post 0.69 earnings per share for the current year.

Key Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Record demand and bookings: Second-quarter gross bookings rose 23% year over year to $5.5 billion, revenue increased 16% to $1.84 billion, and active riders and rides reached records of 30.5 million and 262 million, respectively. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
• Positive Sentiment: Improving profitability: Adjusted EBITDA climbed 37% to $177.2 million, while the adjusted EBITDA margin improved to 3.2% of bookings from 2.9% a year earlier. Lyft also had $850 million remaining under its 2026 share-repurchase authorization as of June 30, potentially supporting per-share value. Seeking Alpha article
• Positive Sentiment: Constructive near-term outlook: Lyft forecast third-quarter gross bookings of approximately $5.50 billion to $5.67 billion, slightly above expectations, suggesting demand remains resilient even as growth moderates. Several analysts raised targets, including RBC to $20, Piper Sandler to $21 and JPMorgan to $19. RBC price-target article

Insider Activity at Lyft

In other news, CFO Erin Brewer sold 15,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $13.59, for a total transaction of $203,850.00. Following the transaction, the chief financial officer directly owned 705,979 shares of the company’s stock, valued at $9,594,254.61. This represents a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total value of $28,799.68. Following the completion of the transaction, the director owned 30,092 shares in the company, valued at approximately $414,065.92. This trade represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 81,749 shares of company stock valued at $1,221,950 in the last quarter. 0.92% of the stock is currently owned by corporate 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.