Vanguard Personalized Indexing Management LLC Has $280,000 Position in Avis Budget Group, Inc. (NASDAQ:CAR)

Vanguard Personalized Indexing Management LLC reduced its holdings in shares of Avis Budget Group, Inc. (NASDAQ:CAR) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,721 shares of the business services provider’s stock after selling 143 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Avis Budget Group were worth $280,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Central Valley Advisors LLC bought a new position in shares of Avis Budget Group during the 2nd quarter worth about $25,000. Denali Advisors LLC boosted its position in shares of Avis Budget Group by 94.1% during the 1st quarter. Denali Advisors LLC now owns 231 shares of the business services provider’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. EntryPoint Capital LLC boosted its position in shares of Avis Budget Group by 119.2% during the 1st quarter. EntryPoint Capital LLC now owns 228 shares of the business services provider’s stock worth $28,000 after purchasing an additional 124 shares in the last quarter. TFO Wealth Partners LLC boosted its position in shares of Avis Budget Group by 15,550.0% during the 4th quarter. TFO Wealth Partners LLC now owns 313 shares of the business services provider’s stock worth $55,000 after purchasing an additional 311 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Avis Budget Group by 180.0% during the 2nd quarter. Signaturefd LLC now owns 714 shares of the business services provider’s stock worth $75,000 after purchasing an additional 459 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Avis Budget Group Stock Up 2.3 %

Avis Budget Group stock opened at $87.59 on Monday. Avis Budget Group, Inc. has a 52 week low of $65.73 and a 52 week high of $204.77. The company’s 50 day moving average price is $85.84 and its two-hundred day moving average price is $102.50. The stock has a market cap of $3.12 billion, a P/E ratio of 2.76 and a beta of 2.14.

Avis Budget Group (NASDAQ:CAR) last posted its earnings results on Monday, August 5th. The business services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $2.60 by ($2.19). Avis Budget Group had a negative return on equity of 230.71% and a net margin of 6.58%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business earned $11.01 EPS. Avis Budget Group’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Avis Budget Group, Inc. will post 7.68 EPS for the current year.

Analysts Set New Price Targets

CAR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Avis Budget Group from $155.00 to $146.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. The Goldman Sachs Group dropped their price target on shares of Avis Budget Group from $120.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Barclays initiated coverage on shares of Avis Budget Group in a research report on Thursday, September 19th. They issued an “equal weight” rating and a $105.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Avis Budget Group from $205.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com cut shares of Avis Budget Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $138.50.

Avis Budget Group Company Profile

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.