Sabre Corp (NASDAQ:SABR) insider Richard A. Simonson sold 36,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $24.43, for a total value of $879,480.00. Following the completion of the transaction, the insider now owns 231,103 shares in the company, valued at $5,645,846.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sabre Corp (NASDAQ:SABR) traded down 1.02% during trading on Friday, reaching $24.25. The company had a trading volume of 3,117,975 shares. The stock has a 50 day moving average price of $22.41 and a 200 day moving average price of $23.74. Sabre Corp has a 52 week low of $20.09 and a 52 week high of $29.63. The firm has a market capitalization of $6.74 billion, a P/E ratio of 32.33 and a beta of 0.85.

Sabre Corp (NASDAQ:SABR) last posted its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. Sabre Corp had a net margin of 7.19% and a return on equity of 41.47%. The business had revenue of $915.35 million for the quarter, compared to analyst estimates of $897.62 million. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts predict that Sabre Corp will post $1.39 earnings per share for the current year.

Insider Buying and Selling by Quarter for Sabre Corp (NASDAQ:SABR)

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Several large investors have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Sabre Corp by 3.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,133 shares of the information technology services provider’s stock valued at $849,000 after buying an additional 990 shares during the last quarter. Capital One National Association raised its stake in Sabre Corp by 16.6% in the third quarter. Capital One National Association now owns 18,317 shares of the information technology services provider’s stock valued at $516,000 after buying an additional 2,614 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Sabre Corp by 46.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 31,400 shares of the information technology services provider’s stock valued at $1,210,000 after buying an additional 10,000 shares during the last quarter. Three Peaks Capital Management LLC raised its stake in Sabre Corp by 5.0% in the third quarter. Three Peaks Capital Management LLC now owns 237,274 shares of the information technology services provider’s stock valued at $6,686,000 after buying an additional 11,279 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Sabre Corp by 1.9% in the third quarter. BlackRock Fund Advisors now owns 2,021,869 shares of the information technology services provider’s stock valued at $56,976,000 after buying an additional 36,846 shares during the last quarter.

A number of equities analysts have recently issued reports on SABR shares. Zacks Investment Research upgraded Sabre Corp from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 13th. Bank of America Corp downgraded Sabre Corp from a “buy” rating to a “neutral” rating in a research note on Monday, February 20th. Morgan Stanley downgraded Sabre Corp from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $26.00 to $24.00 in a research note on Thursday, April 6th. Mizuho restated a “sell” rating and issued a $25.00 price target on shares of Sabre Corp in a research note on Wednesday, February 22nd. Finally, TheStreet upgraded Sabre Corp from a “c” rating to a “b-” rating in a research note on Monday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Sabre Corp has an average rating of “Buy” and a consensus target price of $29.63.

About Sabre Corp

Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.

5 Day Chart for NASDAQ:SABR

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