Avis Budget Group, Inc. (NASDAQ:CAR) Shares Bought by US Bancorp DE

US Bancorp DE lifted its holdings in Avis Budget Group, Inc. (NASDAQ:CAR) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,984 shares of the business services provider’s stock after purchasing an additional 261 shares during the period. US Bancorp DE’s holdings in Avis Budget Group were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in shares of Avis Budget Group by 2.0% during the 4th quarter. Amalgamated Bank now owns 7,973 shares of the business services provider’s stock worth $643,000 after purchasing an additional 155 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Avis Budget Group by 118.8% during the fourth quarter. GAMMA Investing LLC now owns 337 shares of the business services provider’s stock worth $27,000 after acquiring an additional 183 shares during the period. Yousif Capital Management LLC increased its position in shares of Avis Budget Group by 2.5% during the fourth quarter. Yousif Capital Management LLC now owns 7,592 shares of the business services provider’s stock worth $612,000 after acquiring an additional 187 shares during the period. Inspire Investing LLC increased its holdings in Avis Budget Group by 6.4% in the fourth quarter. Inspire Investing LLC now owns 4,984 shares of the business services provider’s stock valued at $402,000 after buying an additional 301 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Avis Budget Group by 1.4% in the fourth quarter. Rhumbline Advisers now owns 49,460 shares of the business services provider’s stock valued at $3,987,000 after acquiring an additional 703 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CAR shares. Northcoast Research downgraded shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a research note on Monday, November 18th. The Goldman Sachs Group increased their target price on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $133.75.

Avis Budget Group Trading Up 11.6 %

Shares of NASDAQ:CAR opened at $61.95 on Friday. The company has a 50 day moving average of $84.48 and a 200-day moving average of $86.72. The firm has a market cap of $2.18 billion, a P/E ratio of -1.20 and a beta of 2.37. Avis Budget Group, Inc. has a twelve month low of $54.03 and a twelve month high of $132.25.

Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.27. Avis Budget Group had a negative net margin of 15.45% and a negative return on equity of 14.74%. Equities research analysts forecast that Avis Budget Group, Inc. will post 8.91 EPS for the current year.

Insider Buying and Selling

In other news, Director Lynn Krominga sold 1,405 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $95.00, for a total value of $133,475.00. Following the completion of the transaction, the director now owns 1,950 shares in the company, valued at approximately $185,250. This represents a 41.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 52.00% of the stock is owned by insiders.

About Avis Budget Group

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.