Dupree Financial Group LLC Sells 227 Shares of Avis Budget Group, Inc. (NASDAQ:CAR)

Dupree Financial Group LLC decreased its holdings in shares of Avis Budget Group, Inc. (NASDAQ:CAR) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,578 shares of the business services provider’s stock after selling 227 shares during the quarter. Dupree Financial Group LLC’s holdings in Avis Budget Group were worth $2,384,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CAR. Creative Planning raised its stake in shares of Avis Budget Group by 117.8% in the 2nd quarter. Creative Planning now owns 12,672 shares of the business services provider’s stock valued at $1,324,000 after purchasing an additional 6,855 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Avis Budget Group in the 3rd quarter valued at approximately $847,000. Inspire Investing LLC increased its stake in shares of Avis Budget Group by 39.9% during the 3rd quarter. Inspire Investing LLC now owns 4,683 shares of the business services provider’s stock worth $410,000 after purchasing an additional 1,335 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of Avis Budget Group by 2,800.0% during the 3rd quarter. nVerses Capital LLC now owns 2,900 shares of the business services provider’s stock worth $254,000 after acquiring an additional 2,800 shares during the period. Finally, Carolina Wealth Advisors LLC increased its holdings in shares of Avis Budget Group by 184.5% in the third quarter. Carolina Wealth Advisors LLC now owns 1,118 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 725 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Avis Budget Group Stock Down 2.2 %

NASDAQ CAR opened at $87.70 on Tuesday. The company has a 50-day simple moving average of $91.07 and a two-hundred day simple moving average of $88.98. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 8.01 and a beta of 2.26. Avis Budget Group, Inc. has a 12-month low of $65.73 and a 12-month high of $171.43.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CAR. StockNews.com upgraded Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their target price on shares of Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Avis Budget Group from $145.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Northcoast Research cut Avis Budget Group from a “buy” rating to a “neutral” rating in a research note on Monday, November 18th. Finally, The Goldman Sachs Group boosted their price objective on Avis Budget Group from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $133.75.

Avis Budget Group Company Profile

Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.