Insider Selling: Hertz Global Holdings Insider Sells 400,000 Shares of Stock (HTZ)
Hertz Global Holdings (NYSE:HTZ) Insider Michel Taride sold 400,000 shares of the stock on the open market in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $27.71, for a total transaction of $11,084,000.00. Following the transaction, the insider now directly owns 121,067 shares in the company, valued at approximately $3,354,767. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Hertz Global Holdings (NYSE:HTZ) traded down 0.11% during mid-day trading on Thursday, hitting $27.66. The stock had a trading volume of 6,845,144 shares. Hertz Global Holdings has a 52-week low of $17.18 and a 52-week high of $29.81. The stock’s 50-day moving average is $25.46 and its 200-day moving average is $24.78. The company has a market cap of $12.419 billion and a P/E ratio of 39.67.
HTZ has been the subject of a number of recent research reports. Analysts at Morgan Stanley raised their price target on shares of Hertz Global Holdings from $18.00 to $20.00 in a research note to investors on Thursday. Separately, analysts at Zacks downgraded shares of Hertz Global Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 2nd. They now have a $27.20 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Hertz Global Holdings in a research note to investors on Wednesday, December 11th. They set a “buy” rating and a $33.00 price target on the stock. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $27.03.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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