JPMorgan Chase & Co. increased its stake in Autobytel Inc. (NASDAQ:ABTL) by 24.9% during the first quarter, Holdings Channel reports. The firm owned 8,706 shares of the information services provider’s stock after buying an additional 1,734 shares during the period. JPMorgan Chase & Co.’s holdings in Autobytel were worth $109,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in ABTL. Thomson Horstmann & Bryant Inc. increased its stake in Autobytel by 5.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 436,455 shares of the information services provider’s stock valued at $5,468,000 after buying an additional 21,850 shares during the period. Dimensional Fund Advisors LP increased its stake in Autobytel by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 278,195 shares of the information services provider’s stock valued at $3,742,000 after buying an additional 11,775 shares during the period. Rice Hall James & Associates LLC increased its stake in Autobytel by 0.6% in the first quarter. Rice Hall James & Associates LLC now owns 165,306 shares of the information services provider’s stock valued at $2,071,000 after buying an additional 1,016 shares during the period. Oxford Asset Management increased its stake in Autobytel by 51.4% in the first quarter. Oxford Asset Management now owns 148,194 shares of the information services provider’s stock valued at $1,857,000 after buying an additional 50,333 shares during the period. Finally, Algert Global LLC increased its stake in Autobytel by 9.0% in the first quarter. Algert Global LLC now owns 127,926 shares of the information services provider’s stock valued at $1,603,000 after buying an additional 10,550 shares during the period. Institutional investors own 65.28% of the company’s stock.

Shares of Autobytel Inc. (NASDAQ:ABTL) opened at 7.75 on Wednesday. The company has a market cap of $85.80 million, a P/E ratio of 21.59 and a beta of 0.90. Autobytel Inc. has a 52 week low of $6.63 and a 52 week high of $18.39. The company’s 50-day moving average price is $12.15 and its 200 day moving average price is $12.68.

Autobytel (NASDAQ:ABTL) last announced its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $34.60 million for the quarter, compared to the consensus estimate of $34.30 million. Autobytel had a return on equity of 10.96% and a net margin of 3.15%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, equities analysts forecast that Autobytel Inc. will post $0.78 EPS for the current fiscal year.

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ABTL has been the subject of several recent analyst reports. ValuEngine upgraded Autobytel from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Autobytel from a “sell” rating to a “hold” rating and set a $14.00 price target for the company in a research note on Wednesday, May 10th. Barrington Research downgraded Autobytel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th. Finally, B. Riley restated a “buy” rating and set a $12.00 target price on shares of Autobytel in a research note on Friday, August 4th.

In other Autobytel news, EVP William Ferriolo sold 13,488 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $13.72, for a total transaction of $185,055.36. Following the transaction, the executive vice president now owns 164,253 shares of the company’s stock, valued at $2,253,551.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Wesley Ozima sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $13.31, for a total value of $33,275.00. Following the transaction, the senior vice president now directly owns 7,557 shares in the company, valued at approximately $100,583.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,778 shares of company stock worth $1,060,935. Company insiders own 12.80% of the company’s stock.

About Autobytel

Autobytel Inc is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.

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Institutional Ownership by Quarter for Autobytel (NASDAQ:ABTL)

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