Today, Sabre Corp. (SABR) Vice Chairman Sold $5,823,400.00 in Stock

Today, Sabre Corp. (SABR) Vice Chairman Sold $5,823,400.00 in Stock

Sabre Corp. (NASDAQ:SABR) Vice Chairman Gregory T. Webb sold 220,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $26.47, for a total value of $5,823,400.00. Following the transaction, the insider now owns 220,000 shares of the company’s stock, valued at approximately $5,823,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Sabre Corp. (NASDAQ:SABR) opened at 26.16 on Monday. Sabre Corp. has a 1-year low of $22.03 and a 1-year high of $30.45. The stock has a 50 day moving average price of $27.61 and a 200-day moving average price of $27.94. The stock has a market capitalization of $7.27 billion, a PE ratio of 15.24 and a beta of 0.87.

Sabre Corp. (NASDAQ:SABR) last announced its earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The firm earned $845.20 million during the quarter, compared to analysts’ expectations of $852.33 million. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. On average, analysts forecast that Sabre Corp. will post $1.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Monday, September 19th. Sabre Corp.’s payout ratio is currently 30.41%.

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in Sabre Corp. by 12.4% in the first quarter. Franklin Resources Inc. now owns 970,170 shares of the company’s stock worth $28,057,000 after buying an additional 107,000 shares during the last quarter. BlackRock Inc. boosted its position in Sabre Corp. by 3.6% in the first quarter. BlackRock Inc. now owns 152,933 shares of the company’s stock worth $4,422,000 after buying an additional 5,303 shares during the last quarter. BlackRock Group LTD boosted its position in Sabre Corp. by 11.4% in the first quarter. BlackRock Group LTD now owns 864,636 shares of the company’s stock worth $25,007,000 after buying an additional 88,453 shares during the last quarter. BlackRock Fund Advisors boosted its position in Sabre Corp. by 0.5% in the first quarter. BlackRock Fund Advisors now owns 1,194,393 shares of the company’s stock worth $34,542,000 after buying an additional 5,498 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Sabre Corp. by 13.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,439,116 shares of the company’s stock worth $128,379,000 after buying an additional 520,377 shares during the last quarter.

A number of brokerages recently commented on SABR. Morgan Stanley restated a “buy” rating and set a $38.00 target price on shares of Sabre Corp. in a report on Monday, September 12th. Jefferies Group reiterated a “buy” rating and issued a $33.00 price objective on shares of Sabre Corp. in a report on Tuesday, June 21st. Oppenheimer Holdings Inc. decreased their price objective on Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Evercore ISI reiterated a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, Zacks Investment Research downgraded Sabre Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Sabre Corp. currently has a consensus rating of “Buy” and a consensus target price of $34.20.

About Sabre Corp.

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