13,537 Shares in Asbury Automotive Group, Inc. (NYSE:ABG) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new stake in Asbury Automotive Group, Inc. (NYSE:ABG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,537 shares of the company’s stock, valued at approximately $3,290,000. Wealthfront Advisers LLC owned about 0.07% of Asbury Automotive Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Inspire Advisors LLC boosted its position in shares of Asbury Automotive Group by 17.0% in the 4th quarter. Inspire Advisors LLC now owns 3,351 shares of the company’s stock worth $814,000 after purchasing an additional 488 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Asbury Automotive Group by 10.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,760 shares of the company’s stock valued at $1,157,000 after buying an additional 456 shares during the period. Evergreen Private Wealth LLC boosted its holdings in Asbury Automotive Group by 0.7% during the fourth quarter. Evergreen Private Wealth LLC now owns 16,624 shares of the company’s stock worth $4,040,000 after buying an additional 119 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Asbury Automotive Group during the 4th quarter worth about $5,316,000. Finally, Atria Investments Inc increased its stake in shares of Asbury Automotive Group by 16.0% in the 4th quarter. Atria Investments Inc now owns 2,922 shares of the company’s stock valued at $710,000 after acquiring an additional 402 shares during the last quarter.

Asbury Automotive Group Stock Down 6.5 %

Asbury Automotive Group stock opened at $227.18 on Friday. The stock has a market capitalization of $4.46 billion, a PE ratio of 10.56 and a beta of 1.22. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. Asbury Automotive Group, Inc. has a twelve month low of $202.98 and a twelve month high of $312.56. The company has a 50 day moving average of $268.64 and a 200-day moving average of $250.76.

Insider Activity at Asbury Automotive Group

In related news, COO Daniel Clara sold 1,217 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total transaction of $361,010.88. Following the completion of the transaction, the chief operating officer now owns 3,747 shares in the company, valued at approximately $1,111,510.08. This represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ABG has been the topic of several recent analyst reports. Stephens lifted their price objective on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price target on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Finally, Craig Hallum lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $264.00.

About Asbury Automotive Group

Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.