Fintel reports that on April 4, 2023, JP Morgan Cazenove upgraded their outlook for Auto Trader Group (LSE:AUTO) to Neutral .
Analyst Price Forecast Suggests 99.93% Downside
As of March 27, 2023, the average one-year price target for Auto Trader Group is $0.40. The forecasts range from a low of $0.39 to a high of $0.41. The average price target represents a decrease of 99.93% from its latest reported closing price of $594.60.
See our leaderboard of companies with the largest price target upside.
What are Other Shareholders Doing?
FQITX – Fidelity SAI International Quality Index Fund holds 104K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 109K shares, representing a decrease of 4.83%. The firm increased its portfolio allocation in AUTO by 10.96% over the last quarter.
SUNAMERICA SERIES TRUST – SA BlackRock VCP Global Multi Asset Portfolio Class 3 holds 5K shares representing 0.00% ownership of the company. No change in the last quarter.
MNECX – Pro-Blend Extended Term Series Class L holds 87K shares representing 0.01% ownership of the company. No change in the last quarter.
DFALX – Large Cap International Portfolio – Institutional Class holds 427K shares representing 0.05% ownership of the company. No change in the last quarter.
PBIIX – Polen International Small Company Growth Fund Institutional Class holds 51K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 84K shares, representing a decrease of 64.89%. The firm decreased its portfolio allocation in AUTO by 27.08% over the last quarter.
What is the Fund Sentiment?
There are 281 funds or institutions reporting positions in Auto Trader Group. This is an increase of 1 owner(s) or 0.36% in the last quarter. Average portfolio weight of all funds dedicated to AUTO is 0.28%, an increase of 4.42%. Total shares owned by institutions decreased in the last three months by 1.61% to 154,649K shares.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
