Entropy Technologies LP purchased a new stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,477 shares of the business services provider's stock, valued at approximately $280,000.
Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Avis Budget Group by 118.8% in the fourth quarter. GAMMA Investing LLC now owns 337 shares of the business services provider's stock worth $27,000 after buying an additional 183 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its stake in shares of Avis Budget Group by 198.3% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 361 shares of the business services provider's stock valued at $32,000 after acquiring an additional 240 shares during the period. Nisa Investment Advisors LLC increased its holdings in Avis Budget Group by 293.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider's stock worth $36,000 after acquiring an additional 305 shares in the last quarter. Carolina Wealth Advisors LLC raised its stake in Avis Budget Group by 184.5% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 1,118 shares of the business services provider's stock worth $98,000 after acquiring an additional 725 shares during the period. Finally, Royce & Associates LP bought a new stake in Avis Budget Group during the 3rd quarter worth approximately $217,000. Institutional investors own 96.35% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Avis Budget Group from $145.00 to $143.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target on Avis Budget Group from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. StockNews.com upgraded Avis Budget Group from a "sell" rating to a "hold" rating in a research report on Monday, November 4th. The Goldman Sachs Group boosted their price target on Avis Budget Group from $85.00 to $95.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Northcoast Research lowered shares of Avis Budget Group from a "buy" rating to a "neutral" rating in a report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $133.75.
View Our Latest Research Report on Avis Budget Group
Avis Budget Group Stock Performance
CAR stock traded up $3.56 during midday trading on Monday, reaching $90.75. 1,079,026 shares of the company traded hands, compared to its average volume of 487,983. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 8.29 and a beta of 2.26. The business has a 50 day moving average of $87.48 and a 200-day moving average of $87.96. Avis Budget Group, Inc. has a 52-week low of $65.73 and a 52-week high of $132.25.
Avis Budget Group (NASDAQ:CAR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.50) by $0.27. Avis Budget Group had a net margin of 3.34% and a negative return on equity of 101.41%. Research analysts anticipate that Avis Budget Group, Inc. will post 3.69 earnings per share for the current year.
About Avis Budget Group
(
Free Report)
Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.
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