ACV Auctions Inc. (NASDAQ:ACVA) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its position in ACV Auctions Inc. (NASDAQ:ACVAFree Report) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705,720 shares of the company’s stock after buying an additional 134,587 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.06% of ACV Auctions worth $25,893,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in ACV Auctions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 10,467,242 shares of the company’s stock worth $75,260,000 after buying an additional 133,774 shares in the last quarter. BlackRock Inc. increased its position in shares of ACV Auctions by 9.6% in the 2nd quarter. BlackRock Inc. now owns 8,801,884 shares of the company’s stock worth $152,009,000 after purchasing an additional 770,630 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of ACV Auctions by 4,360.9% in the 2nd quarter. Alliancebernstein L.P. now owns 5,121,100 shares of the company’s stock worth $88,441,000 after purchasing an additional 5,006,300 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of ACV Auctions by 5.2% in the 1st quarter. JPMorgan Chase & Co. now owns 4,314,089 shares of the company’s stock worth $55,695,000 after purchasing an additional 213,799 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of ACV Auctions by 2.8% in the 2nd quarter. William Blair Investment Management LLC now owns 4,019,002 shares of the company’s stock worth $69,408,000 after purchasing an additional 111,237 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ACVA. Needham & Company LLC reissued a “buy” rating and issued a $23.00 target price on shares of ACV Auctions in a research report on Tuesday, November 7th. JMP Securities lowered their price objective on shares of ACV Auctions from $20.00 to $19.00 and set a “market outperform” rating for the company in a research report on Tuesday, January 16th. Finally, Northcoast Research raised shares of ACV Auctions from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, ACV Auctions currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.21.

Read Our Latest Report on ACV Auctions

ACV Auctions Stock Up 0.7 %

ACVA stock opened at $14.49 on Friday. ACV Auctions Inc. has a 12 month low of $9.55 and a 12 month high of $18.68. The firm has a market cap of $2.34 billion, a PE ratio of -30.19 and a beta of 1.41. The firm has a 50 day simple moving average of $14.31 and a 200 day simple moving average of $14.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.02 and a quick ratio of 2.02.

Insider Activity at ACV Auctions

In other news, CFO William Zerella sold 32,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $14.07, for a total transaction of $457,275.00. Following the sale, the chief financial officer now owns 305,579 shares in the company, valued at $4,299,496.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO William Zerella sold 32,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $14.07, for a total transaction of $457,275.00. Following the sale, the chief financial officer now owns 305,579 shares in the company, valued at $4,299,496.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Waterman sold 4,919 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $13.54, for a total transaction of $66,603.26. Following the sale, the insider now owns 219,963 shares in the company, valued at approximately $2,978,299.02. The disclosure for this sale can be found here. Insiders sold a total of 613,691 shares of company stock valued at $8,947,778 over the last ninety days. Insiders own 13.67% of the company’s stock.

ACV Auctions Company Profile

(Free Report)

ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company provides data services insights into the condition and value of used vehicles, as well as customer financing services. ACV Auctions Inc was incorporated in 2014 and is headquartered in Buffalo, New York.

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Institutional Ownership by Quarter for ACV Auctions (NASDAQ:ACVA)

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