On March 2, 2023 at 15:38:27 ET an unusually large $238.67K block of Call contracts in LYFT (LYFT) was bought, with a strike price of $12.50 / share, expiring in 141 days (on July 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 2.14 sigmas above the mean, placing it in the 98.26 percentile of all recent large trades made in LYFT options.
This trade was first picked up on Fintel’s real time Options Flow tool, where all large block option trades are tracked.
Analyst Price Forecast Suggests 127.43% Upside
As of March 1, 2023, the average one-year price target for LYFT is $22.52. The forecasts range from a low of $11.11 to a high of $69.43. The average price target represents an increase of 127.43% from its latest reported closing price of $9.90.
The projected annual revenue for LYFT is $4,935MM, an increase of 20.51%. The projected annual non-GAAP EPS is $0.90.
What is the Fund Sentiment?
There are 805 funds or institutions reporting positions in LYFT. This is a decrease of 57 owner(s) or 6.61% in the last quarter. Average portfolio weight of all funds dedicated to LYFT is 0.20%, an increase of 4.54%. Total shares owned by institutions increased in the last three months by 3.04% to 334,880K shares. The put/call ratio of LYFT is 0.56, indicating a bullish outlook.
What are large shareholders doing?
FBGRX – Fidelity Blue Chip Growth Fund holds 18,677K shares representing 5.05% ownership of the company. In it’s prior filing, the firm reported owning 17,847K shares, representing an increase of 4.44%. The firm increased its portfolio allocation in LYFT by 24.78% over the last quarter.
Fisher Asset Management holds 10,990K shares representing 2.97% ownership of the company. In it’s prior filing, the firm reported owning 11,725K shares, representing a decrease of 6.69%. The firm decreased its portfolio allocation in LYFT by 29.27% over the last quarter.
Contrarius Investment Management holds 10,434K shares representing 2.82% ownership of the company.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 9,670K shares representing 2.61% ownership of the company. In it’s prior filing, the firm reported owning 8,718K shares, representing an increase of 9.85%. The firm decreased its portfolio allocation in LYFT by 14.28% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 8,170K shares representing 2.21% ownership of the company. In it’s prior filing, the firm reported owning 7,433K shares, representing an increase of 9.02%. The firm decreased its portfolio allocation in LYFT by 14.85% over the last quarter.
Lyft Background Information
(This description is provided by the company.)
Lyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada. As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change. Its transportation network brings together rideshare, bikes, scooters, car rentals and transit all in one app. The Company is singularly driven by its mission: to improve people’s lives with the world’s best transportation.
This article originally appeared on Fintel
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