Paragon Capital Management Inc. Makes New $1.68 Million Investment in Lyft, Inc. (NASDAQ:LYFT)

Paragon Capital Management Inc. bought a new position in Lyft, Inc. (NASDAQ:LYFT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 130,284 shares of the ride-sharing company’s stock, valued at approximately $1,681,000. Lyft comprises approximately 1.3% of Paragon Capital Management Inc.’s portfolio, making the stock its 22nd largest position.

A number of other large investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Lyft by 0.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,052,879 shares of the ride-sharing company’s stock valued at $230,174,000 after buying an additional 80,675 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Lyft by 32.4% during the fourth quarter. Pacer Advisors Inc. now owns 9,408,466 shares of the ride-sharing company’s stock valued at $121,369,000 after buying an additional 2,302,248 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of 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. Primecap Management Co. CA raised its holdings in shares of Lyft by 3.8% during the third quarter. Primecap Management Co. CA now owns 6,491,590 shares of the ride-sharing company’s stock valued at $82,768,000 after buying an additional 235,510 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. raised its holdings in shares of 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 last quarter. Institutional investors own 83.07% of the company’s stock.

Analyst Ratings Changes

LYFT has been the topic of a number of recent analyst reports. Susquehanna lifted their price target on Lyft from $10.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, November 11th. UBS Group lowered their price objective on shares of Lyft from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday. Cantor Fitzgerald raised their price objective on shares of Lyft from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of Lyft in a research note on Thursday, November 7th. Finally, Tigress Financial raised their price objective on shares of Lyft from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Twenty-seven 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, Lyft presently has a consensus rating of “Hold” and a consensus price target of $17.78.

Lyft Stock Up 1.9 %

Lyft stock opened at $14.07 on Wednesday. The company’s fifty day simple moving average is $14.37 and its 200-day simple moving average is $13.45. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75. Lyft, Inc. has a 12 month low of $8.93 and a 12 month high of $20.82.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data 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 firm 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%. Lyft’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share. On average, sell-side analysts predict that Lyft, Inc. will post 0.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lyft news, insider Lindsay Catherine Llewellyn sold 4,242 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.76, for a total transaction of $75,337.92. Following the completion of the sale, the insider now directly owns 755,847 shares in the company, valued at $13,423,842.72. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Logan Green sold 10,919 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total transaction of $188,352.75. Following the transaction, the director now directly owns 314,492 shares of the company’s stock, valued at $5,424,987. This represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,242 shares of company stock worth $427,330. Corporate insiders own 3.07% of the company’s stock.

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.