5 Best TaaS Stocks to Buy Now

3. Lyft, Inc. (NASDAQ:LYFT)

Number of Hedge Fund Investors In Q4 2022: 45

Lyft, Inc. (NASDAQ:LYFT) is one of the largest ridesharing service providers in the world. The firm’s software application allows users to book rides and rent vehicles. The company is headquartered in San Francisco, California.

Lyft, Inc. (NASDAQ:LYFT) scored a win in March 2023 when a California court said the company can treat its drivers as independent contractors. As of Q4 2022, 45 of the 943 hedge funds surveyed by Insider Monkey had owned the company’s shares. Lyft, Inc. (NASDAQ:LYFT)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management which owns 10.9 million shares that are worth $121 million.

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