Two Sigma Investments LP Cuts Position in Autoweb Inc (AUTO)

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Two Sigma Investments LP trimmed its holdings in shares of Autoweb Inc (NASDAQ:AUTO) by 23.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,773 shares of the information services provider’s stock after selling 17,456 shares during the quarter. Two Sigma Investments LP owned approximately 0.44% of Autoweb worth $173,000 as of its most recent SEC filing.

Separately, BlackRock Inc. increased its holdings in Autoweb by 29.6% during the 4th quarter. BlackRock Inc. now owns 303,587 shares of the information services provider’s stock valued at $925,000 after purchasing an additional 69,364 shares during the period. 22.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:AUTO opened at $3.48 on Wednesday. Autoweb Inc has a 1 year low of $1.90 and a 1 year high of $5.00. The stock has a market cap of $44.02 million, a P/E ratio of -3.16 and a beta of 0.12.

Autoweb (NASDAQ:AUTO) last announced its quarterly earnings results on Thursday, March 7th. The information services provider reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. Autoweb had a negative return on equity of 30.35% and a negative net margin of 30.91%. The company had revenue of $32.25 million for the quarter, compared to the consensus estimate of $29.27 million. As a group, equities analysts forecast that Autoweb Inc will post -0.9 earnings per share for the current year.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Autoweb from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. B. Riley upgraded Autoweb from a “neutral” rating to a “buy” rating and boosted their price target for the company from $3.20 to $5.00 in a report on Friday, March 8th. Finally, ValuEngine downgraded Autoweb from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.00.

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About Autoweb

AutoWeb, Inc operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to search parameters, such as price, make, model, mileage, year, and location of the vehicle.

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Institutional Ownership by Quarter for Autoweb (NASDAQ:AUTO)

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