Dupree Financial Group LLC Reduces Stock Position in Avis Budget Group, Inc. (NASDAQ:CAR)

Dupree Financial Group LLC lowered its holdings in Avis Budget Group, Inc. (NASDAQ:CAR) by 0.8% in the 4th quarter, according to the company in its most recent filing with the 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 owned approximately 0.08% of Avis Budget Group worth $2,384,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Creative Planning lifted its position in Avis Budget Group by 117.8% during the 2nd quarter. Creative Planning now owns 12,672 shares of the business services provider’s stock valued at $1,324,000 after acquiring an additional 6,855 shares during the period. SG Americas Securities LLC bought a new position in shares of Avis Budget Group during the third quarter valued at $847,000. Inspire Investing LLC raised its position in shares of Avis Budget Group by 39.9% in 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 grew its position in 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 valued at $254,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Carolina Wealth Advisors LLC lifted its position in Avis Budget Group by 184.5% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 1,118 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 725 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAR has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. StockNews.com raised shares of Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Northcoast Research downgraded shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 research note on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Avis Budget Group currently has an average rating of “Hold” and a consensus price target of $133.75.

Avis Budget Group Price Performance

Shares of Avis Budget Group stock opened at $87.70 on Tuesday. Avis Budget Group, Inc. has a 1-year low of $65.73 and a 1-year high of $171.43. The business has a 50-day moving average of $91.07 and a 200-day moving average of $88.98. The company has a market capitalization of $3.08 billion, a PE ratio of 8.01 and a beta of 2.26.

About Avis Budget Group

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.