FMR LLC & Abigail Johnson Maintain 11.725% Stake in Avis Budget
Ticker: CAR · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 723612
| Field | Detail |
|---|---|
| Company | Avis Budget Group, INC. (CAR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G, shareholder-update
TL;DR
**FMR LLC and Abigail Johnson still own 11.725% of Avis Budget Group.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Avis Budget Group Inc. (CAR) through an SC 13G/A filing on February 9, 2024. They now collectively report beneficial ownership of 4,247,300 shares, representing 11.725% of the company's common stock. This matters to investors because it shows a significant, continued institutional interest in Avis Budget Group, indicating that a large, sophisticated investor maintains a substantial position in the company.
Why It Matters
This filing confirms that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a significant portion of Avis Budget Group, which can be seen as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous disclosure and indicates a stable, significant institutional ownership, which generally reduces volatility risk.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which suggests long-term confidence from a major player, but this filing itself doesn't indicate a new buying or selling trend.
Key Numbers
- 4,247,300 — Shares Beneficially Owned (Represents the total number of common stock shares of Avis Budget Group Inc. held by FMR LLC and Abigail P. Johnson.)
- 11.725% — Percentage of Class (Indicates the significant portion of Avis Budget Group Inc.'s common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- Avis Budget Group Inc. (company) — the issuer of the common stock
- 4,247,300 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 11.725% (dollar_amount) — percentage of Avis Budget Group's common stock beneficially owned
Forward-Looking Statements
- FMR LLC will likely maintain a significant stake in Avis Budget Group Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of shares of Avis Budget Group Inc. common stock beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson each report beneficial ownership of 4,247,300 shares of Avis Budget Group Inc. common stock, as detailed in Item 7 for both reporting persons.
What percentage of Avis Budget Group Inc.'s common stock do the reporting persons collectively own?
The reporting persons, FMR LLC and Abigail P. Johnson, collectively own 11.725% of Avis Budget Group Inc.'s common stock, as indicated in Item 11 for both reporting persons.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box at the beginning of the filing.
What is the CUSIP number for Avis Budget Group Inc. common stock?
The CUSIP number for Avis Budget Group Inc. common stock is 053774105, as listed under 'Cusip #053774105' and in Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding AVIS BUDGET GROUP, INC. (CAR).