XTX Topco Ltd Has $202,000 Stock Holdings in Avis Budget Group, Inc. (NASDAQ:CAR)

XTX Topco Ltd trimmed its stake in shares of Avis Budget Group, Inc. (NASDAQ:CAR - Free Report) by 68.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,501 shares of the business services provider's stock after selling 5,314 shares during the quarter. XTX Topco Ltd's holdings in Avis Budget Group were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. ING Groep NV grew its holdings in Avis Budget Group by 310.4% in the 4th quarter. ING Groep NV now owns 325,000 shares of the business services provider's stock worth $26,198,000 after buying an additional 245,800 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Avis Budget Group by 266.7% in the fourth quarter. National Bank of Canada FI now owns 330,000 shares of the business services provider's stock worth $26,601,000 after purchasing an additional 240,000 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Avis Budget Group by 139.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 379,805 shares of the business services provider's stock valued at $30,616,000 after purchasing an additional 221,456 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Avis Budget Group during the fourth quarter valued at about $12,164,000. Finally, Wolverine Asset Management LLC lifted its holdings in Avis Budget Group by 870.6% in the fourth quarter. Wolverine Asset Management LLC now owns 162,771 shares of the business services provider's stock worth $13,121,000 after purchasing an additional 146,000 shares during the period. Institutional investors own 96.35% of the company's stock.

Avis Budget Group Stock Up 1.9 %

Avis Budget Group stock traded up $1.76 during midday trading on Friday, hitting $94.73. The company's stock had a trading volume of 222,870 shares, compared to its average volume of 847,414. Avis Budget Group, Inc. has a 12 month low of $54.03 and a 12 month high of $132.25. The company has a market capitalization of $3.33 billion, a PE ratio of -1.82 and a beta of 2.10. The stock's 50-day moving average price is $73.73 and its 200-day moving average price is $84.88.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported ($0.23) EPS for the quarter, topping analysts' consensus estimates of ($0.50) by $0.27. Avis Budget Group had a negative net margin of 15.45% and a negative return on equity of 14.74%. As a group, equities analysts anticipate that Avis Budget Group, Inc. will post 8.91 EPS for the current year.

Insider Transactions at Avis Budget Group

In other Avis Budget Group news, Director Lynn Krominga sold 1,405 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $95.00, for a total transaction of $133,475.00. Following the completion of the sale, the director now directly owns 1,950 shares of the company's stock, valued at approximately $185,250. This represents a 41.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 52.80% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Avis Budget Group from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Avis Budget Group has an average rating of "Hold" and an average price target of $117.60.

Avis Budget Group 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.