The Goodyear Tire & Rubber Company (NASDAQ:GT) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its position in The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) by 53.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,616 shares of the company's stock after selling 139,884 shares during the quarter. Jump Financial LLC's holdings in Goodyear Tire & Rubber were worth $1,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. raised its stake in shares of Goodyear Tire & Rubber by 10.3% in the fourth quarter. American Century Companies Inc. now owns 9,652,329 shares of the company's stock worth $86,871,000 after purchasing an additional 897,463 shares during the last quarter. Geode Capital Management LLC grew its holdings in Goodyear Tire & Rubber by 1.2% in the third quarter. Geode Capital Management LLC now owns 7,053,829 shares of the company's stock valued at $62,438,000 after purchasing an additional 86,227 shares during the period. Victory Capital Management Inc. increased its holdings in Goodyear Tire & Rubber by 8.3% in the 4th quarter. Victory Capital Management Inc. now owns 5,147,744 shares of the company's stock worth $46,330,000 after acquiring an additional 396,230 shares in the last quarter. Norges Bank acquired a new position in shares of Goodyear Tire & Rubber during the 4th quarter worth about $39,626,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Goodyear Tire & Rubber by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,738,619 shares of the company's stock valued at $33,648,000 after acquiring an additional 205,629 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors.

Goodyear Tire & Rubber Stock Down 0.3 %

Goodyear Tire & Rubber stock traded down $0.03 during midday trading on Friday, reaching $10.93. The company's stock had a trading volume of 2,346,151 shares, compared to its average volume of 5,079,491. The business has a 50-day simple moving average of $9.48 and a 200-day simple moving average of $9.24. The company has a market cap of $3.12 billion, a P/E ratio of 45.44 and a beta of 1.49. The Goodyear Tire & Rubber Company has a fifty-two week low of $7.27 and a fifty-two week high of $13.26. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. The firm had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $4.91 billion. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. On average, research analysts expect that The Goodyear Tire & Rubber Company will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com downgraded Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price objective for the company in a research report on Monday, March 31st. Argus upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price objective for the company in a report on Tuesday, February 18th. Finally, TD Cowen assumed coverage on shares of Goodyear Tire & Rubber in a report on Friday, March 7th. They set a "buy" rating and a $14.00 target price on the stock. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $13.78.

About Goodyear Tire & Rubber

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.