2 weeks Ago By Defense World Staff
Bokf Na reduced its holdings in shares of Avis Budget Group, Inc. ( NASDAQ:CAR – Free Report ) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 4,149 shares of the business services provider’s stock after selling 283 shares during the quarter. Bokf Na’s holdings in Avis Budget Group were worth $434,000 at the end of the most recent quarter. Other large investors also recently made changes to their positions in the company.
EntryPoint Capital LLC lifted its position in Avis Budget Group by 119.2% during the 1st quarter. EntryPoint Capital LLC now owns 228 shares of the business services provider’s stock worth $28,000 after acquiring an additional 124 shares in the last quarter.
Denali Advisors LLC raised its stake in shares of Avis Budget Group by 94.1% in the 1st quarter. Denali Advisors LLC now owns 231 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter.
Central Valley Advisors LLC bought a new position in shares of Avis Budget Group during the second quarter worth about $25,000. TFO Wealth Partners LLC grew its stake in Avis Budget Group by 15,550.0% in the fourth quarter.
TFO Wealth Partners LLC now owns 313 shares of the business services provider’s stock worth $55,000 after purchasing an additional 311 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Avis Budget Group by 180.0% in the second quarter.
Signaturefd LLC now owns 714 shares of the business services provider’s stock valued at $75,000 after buying an additional 459 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.
Wall Street Analysts Forecast Growth CAR has been the subject of several research reports. StockNews.com lowered Avis Budget Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th.
Susquehanna decreased their price objective on shares of Avis Budget Group from $120.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, August 9th.
Deutsche Bank Aktiengesellschaft dropped their target price on shares of Avis Budget Group from $155.00 to $146.00 and set a “buy” rating on the stock in a report on Friday, August 30th.
The Goldman Sachs Group decreased their price target on shares of Avis Budget Group from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, August 8th.
Finally, JPMorgan Chase & Co. dropped their price objective on shares of Avis Budget Group from $205.00 to $175.
00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.29. Avis Budget Group Trading Up 3.
6 % NASDAQ CAR opened at $79.13 on Tuesday. The company has a 50-day moving average price of $89.
51 and a two-hundred day moving average price of $103.96. Avis Budget Group, Inc.
has a 52 week low of $65.73 and a 52 week high of $204.77.
The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 2.50 and a beta of 2.
14. Avis Budget Group ( NASDAQ:CAR – Get Free Report ) last issued its quarterly earnings data on Monday, August 5th. The business services provider reported $0.
41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.60 by ($2.19).
Avis Budget Group had a negative return on equity of 230.71% and a net margin of 6.58%.
The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.13 billion.
During the same quarter in the prior year, the firm posted $11.01 earnings per share. The business’s quarterly revenue was down 2.
4% on a year-over-year basis. As a group, equities research analysts expect that Avis Budget Group, Inc. will post 7.
68 earnings per share for the current fiscal year. About Avis Budget Group ( Free Report ) Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States.
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