KBC Group NV Acquires 9,734 Shares of Sabre Co. (NASDAQ:SABR)

KBC Group NV lifted its holdings in shares of Sabre Co. (NASDAQ:SABR) by 92.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,280 shares of the information technology services provider’s stock after purchasing an additional 9,734 shares during the period. KBC Group NV’s holdings in Sabre were worth $74,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of Sabre by 375.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock valued at $5,615,000 after purchasing an additional 1,208,269 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Sabre by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock valued at $33,335,000 after purchasing an additional 145,383 shares during the last quarter. Barclays PLC grew its holdings in shares of Sabre by 51.6% during the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after purchasing an additional 267,778 shares during the last quarter. MML Investors Services LLC purchased a new stake in Sabre during the 3rd quarter valued at $45,000. Finally, XTX Topco Ltd purchased a new stake in Sabre during the 3rd quarter valued at $244,000. Institutional investors own 89.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on SABR shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 target price (down from $5.00) on shares of Sabre in a research report on Tuesday, January 7th. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. Finally, StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, Sabre has a consensus rating of “Hold” and a consensus price target of $3.25.

Sabre Stock Performance

NASDAQ SABR opened at $3.51 on Monday. The company has a market capitalization of $1.35 billion, a P/E ratio of -4.44, a P/E/G ratio of 1.95 and a beta of 1.79. The stock has a 50 day moving average price of $3.58 and a 200-day moving average price of $3.43. Sabre Co. has a one year low of $1.81 and a one year high of $4.44.

Sabre Company Profile

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.