V Wealth Management LLC purchased a new stake in shares of Avis Budget Group Inc. (NASDAQ:CAR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,172 shares of the business services provider’s stock, valued at approximately $227,000.

Other large investors have also recently modified their holdings of the company. Crow Point Partners LLC purchased a new position in shares of Avis Budget Group in the third quarter worth $107,000. FNY Managed Accounts LLC bought a new position in Avis Budget Group during the third quarter valued at $160,000. Ladenburg Thalmann Financial Services Inc. increased its position in Avis Budget Group by 1,413.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,540 shares of the business services provider’s stock valued at $172,000 after acquiring an additional 4,240 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in Avis Budget Group during the third quarter valued at $202,000. Finally, Brown Advisory Inc. bought a new position in Avis Budget Group during the third quarter valued at $204,000.

Avis Budget Group Inc. (NASDAQ:CAR) opened at $45.78 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 35.24. The company has a market cap of $3,940.00, a PE ratio of 33.91 and a beta of 2.53. Avis Budget Group Inc. has a 1-year low of $20.71 and a 1-year high of $49.41.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $3.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.99 by $0.11. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Avis Budget Group had a net margin of 1.26% and a return on equity of 95.28%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.47 earnings per share. research analysts predict that Avis Budget Group Inc. will post 2.65 EPS for the current year.

In other Avis Budget Group news, SVP David T. Calabria sold 1,250 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $41.71, for a total transaction of $52,137.50. Following the transaction, the senior vice president now directly owns 4,412 shares in the company, valued at approximately $184,024.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Srs Investment Management, Llc bought 3,500,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were acquired at an average price of $40.56 per share, for a total transaction of $141,960,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 489,581 shares of company stock worth $19,782,022. Company insiders own 2.80% of the company’s stock.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Avis Budget Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. BidaskClub upgraded shares of Avis Budget Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th. Barclays boosted their price objective on shares of Avis Budget Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Avis Budget Group from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Finally, MKM Partners boosted their price objective on shares of Avis Budget Group from $36.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Avis Budget Group currently has an average rating of “Buy” and a consensus price target of $37.70.

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Avis Budget Group Company Profile

Avis Budget Group Inc is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.

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Institutional Ownership by Quarter for Avis Budget Group (NASDAQ:CAR)

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