Global X Japan Co. Ltd. Purchases 95 Shares of AutoNation, Inc. (NYSE:AN)

Global X Japan Co. Ltd. increased its position in AutoNation, Inc. (NYSE:AN) by 150.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 158 shares of the company’s stock after buying an additional 95 shares during the period. Global X Japan Co. Ltd.’s holdings in AutoNation were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of AutoNation by 2.3% in the third quarter. State Street Corp now owns 854,034 shares of the company’s stock worth $152,804,000 after acquiring an additional 19,037 shares during the last quarter. Geode Capital Management LLC grew its position in AutoNation by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 433,730 shares of the company’s stock worth $77,623,000 after purchasing an additional 18,588 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of AutoNation by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock worth $57,413,000 after purchasing an additional 19,015 shares during the period. Simcoe Capital Management LLC acquired a new position in shares of AutoNation during the third quarter valued at about $42,255,000. Finally, Holocene Advisors LP bought a new stake in shares of AutoNation in the third quarter valued at about $20,046,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Stock Performance

Shares of NYSE:AN opened at $191.10 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. The business’s fifty day moving average price is $178.16 and its two-hundred day moving average price is $172.87. AutoNation, Inc. has a fifty-two week low of $136.35 and a fifty-two week high of $197.18. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 3.62 and a beta of 1.25.

Analysts Set New Price Targets

AN has been the topic of several research reports. Stephens boosted their price target on AutoNation from $192.00 to $195.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Wells Fargo & Company upped their target price on AutoNation from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. reduced their target price on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Bank of America lowered their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Guggenheim reduced their price objective on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.57.

AutoNation Profile

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.