Investors bought shares of Avis Budget Group Inc. (NASDAQ:CAR) on weakness during trading on Tuesday. $50.23 million flowed into the stock on the tick-up and $12.02 million flowed out of the stock on the tick-down, for a money net flow of $38.21 million into the stock. Of all companies tracked, Avis Budget Group had the 10th highest net in-flow for the day. Avis Budget Group traded down ($0.65) for the day and closed at $40.12

Several equities analysts have recently issued reports on CAR shares. Deutsche Bank reduced their price target on shares of Avis Budget Group from $49.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Barclays boosted their price target on shares of Avis Budget Group from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Avis Budget Group from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Wednesday, October 18th. TheStreet raised shares of Avis Budget Group from a “c” rating to a “b-” rating in a report on Friday, November 10th. Finally, ValuEngine downgraded shares of Avis Budget Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.30.

The firm has a market cap of $3,266.63, a price-to-earnings ratio of 15.37 and a beta of 2.45. The company has a debt-to-equity ratio of 35.24, a current ratio of 1.28 and a quick ratio of 1.28.

In related news, Chairman Ronald L. Nelson sold 275,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $40.22, for a total value of $11,060,500.00. Following the completion of the sale, the chairman now owns 473,214 shares of the company’s stock, valued at $19,032,667.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Srs Investment Management, Llc acquired 3,500,000 shares of Avis Budget Group stock in a transaction that occurred on Friday, December 8th. The stock was bought at an average cost of $40.56 per share, with a total value of $141,960,000.00. The disclosure for this purchase can be found here. Insiders sold 463,750 shares of company stock valued at $18,702,638 in the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Thrivent Financial For Lutherans lifted its holdings in Avis Budget Group by 3.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 16,820 shares of the business services provider’s stock valued at $459,000 after acquiring an additional 580 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Avis Budget Group by 43.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 1,242 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Avis Budget Group by 1.7% in the 3rd quarter. New York State Common Retirement Fund now owns 90,399 shares of the business services provider’s stock valued at $3,441,000 after acquiring an additional 1,494 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in Avis Budget Group by 2.1% in the 3rd quarter. First Republic Investment Management Inc. now owns 84,853 shares of the business services provider’s stock valued at $3,229,000 after acquiring an additional 1,777 shares during the last quarter. Finally, ING Groep NV lifted its holdings in Avis Budget Group by 21.4% in the 4th quarter. ING Groep NV now owns 10,812 shares of the business services provider’s stock valued at $474,000 after acquiring an additional 1,904 shares during the last quarter.

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About Avis Budget Group

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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