Sabre Co. (NASDAQ:SABR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in Sabre Co. (NASDAQ:SABR) by 39.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 926,730 shares of the information technology services provider’s stock after selling 603,343 shares during the period. JPMorgan Chase & Co. owned about 0.24% of Sabre worth $3,383,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SABR. Virtu Financial LLC acquired a new position in shares of Sabre during the fourth quarter valued at $123,000. Geode Capital Management LLC boosted its stake in 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 period. Barclays PLC grew its position in Sabre by 51.6% in the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after purchasing an additional 267,778 shares during the last quarter. Xponance Inc. increased its stake in shares of Sabre by 22.1% in the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock valued at $109,000 after purchasing an additional 5,395 shares during the period. Finally, MML Investors Services LLC bought a new stake in shares of Sabre during the third quarter valued at approximately $45,000. Institutional investors own 89.42% of the company’s stock.

Sabre Trading Down 1.0 %

NASDAQ:SABR opened at $2.01 on Tuesday. The company has a 50-day moving average of $3.16 and a 200-day moving average of $3.44. The firm has a market cap of $776.00 million, a price-to-earnings ratio of -2.79, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. Sabre Co. has a twelve month low of $1.93 and a twelve month high of $4.63.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. On average, research analysts forecast that Sabre Co. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SABR. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Bank of America raised Sabre from a “neutral” rating to a “buy” rating and increased their price target for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Morgan Stanley reduced their price objective on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Sanford C. Bernstein raised shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price target for the company in a research note on Tuesday, April 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 target price on shares of Sabre in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.28.

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.