V Wealth Management LLC Invests $227,000 in Avis Budget Group Inc. (CAR) Stock
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.
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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