TFO Wealth Partners LLC Raises Holdings in Avis Budget Group, Inc. (NASDAQ:CAR)

TFO Wealth Partners LLC lifted its holdings in Avis Budget Group, Inc. (NASDAQ:CARFree Report) by 15,550.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313 shares of the business services provider’s stock after purchasing an additional 311 shares during the quarter. TFO Wealth Partners LLC’s holdings in Avis Budget Group were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York Life Investment Management LLC bought a new position in Avis Budget Group during the third quarter valued at approximately $391,000. Swiss National Bank lifted its holdings in shares of Avis Budget Group by 1.1% during the 3rd quarter. Swiss National Bank now owns 48,100 shares of the business services provider’s stock valued at $8,643,000 after buying an additional 500 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Avis Budget Group by 2.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,270 shares of the business services provider’s stock worth $767,000 after buying an additional 89 shares during the last quarter. Huntington National Bank grew its holdings in shares of Avis Budget Group by 101.0% in the third quarter. Huntington National Bank now owns 209 shares of the business services provider’s stock worth $38,000 after acquiring an additional 105 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its position in Avis Budget Group by 274.9% during the third quarter. Campbell & CO Investment Adviser LLC now owns 8,502 shares of the business services provider’s stock valued at $1,528,000 after acquiring an additional 6,234 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

Avis Budget Group Stock Performance

Shares of CAR stock opened at $108.23 on Friday. The stock has a fifty day simple moving average of $113.56 and a two-hundred day simple moving average of $139.89. The firm has a market capitalization of $3.86 billion, a PE ratio of 3.42 and a beta of 2.26. Avis Budget Group, Inc. has a 52-week low of $93.53 and a 52-week high of $244.95.

Avis Budget Group (NASDAQ:CARGet Free Report) last released its earnings results on Wednesday, May 1st. The business services provider reported ($3.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.65) by ($0.56). Avis Budget Group had a negative return on equity of 480.48% and a net margin of 10.05%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the business posted $7.72 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, sell-side analysts forecast that Avis Budget Group, Inc. will post 12.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAR. Bank of America cut their price target on Avis Budget Group from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Northcoast Research raised shares of Avis Budget Group from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Monday, March 25th. The Goldman Sachs Group upgraded shares of Avis Budget Group from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $118.00 to $130.00 in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Avis Budget Group from $202.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, Morgan Stanley decreased their target price on Avis Budget Group from $190.00 to $187.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Avis Budget Group has a consensus rating of “Moderate Buy” and an average price target of $164.57.

View Our Latest Stock Report on Avis Budget Group

Avis Budget Group Profile

(Free Report)

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States.

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

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