Kokino LLC Invests $3.31 Million in AutoWeb, Inc. (NASDAQ:AUTO)

Kokino LLC purchased a new position in shares of AutoWeb, Inc. (NASDAQ:AUTOGet Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 973,000 shares of the information services provider’s stock, valued at approximately $3,308,000. AutoWeb makes up approximately 8.8% of Kokino LLC’s investment portfolio, making the stock its 3rd biggest position. Kokino LLC owned about 7.23% of AutoWeb as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Essex Investment Management Co. LLC raised its holdings in AutoWeb by 25.4% in the fourth quarter. Essex Investment Management Co. LLC now owns 240,822 shares of the information services provider’s stock valued at $819,000 after acquiring an additional 48,803 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in AutoWeb in the third quarter valued at approximately $42,000. Finally, Geode Capital Management LLC raised its holdings in AutoWeb by 5.2% in the third quarter. Geode Capital Management LLC now owns 68,506 shares of the information services provider’s stock valued at $191,000 after acquiring an additional 3,379 shares in the last quarter. 20.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of AUTO traded down $0.02 during mid-day trading on Wednesday, reaching $0.51. 2,889 shares of the company’s stock were exchanged, compared to its average volume of 158,172. The stock has a market capitalization of $7.23 million, a PE ratio of -0.66 and a beta of 2.08. The business’s fifty day simple moving average is $2.22 and its 200-day simple moving average is $2.69. AutoWeb, Inc. has a 52-week low of $0.51 and a 52-week high of $4.35.

AutoWeb (NASDAQ:AUTOGet Rating) last announced its earnings results on Monday, May 16th. The information services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). AutoWeb had a negative return on equity of 76.04% and a negative net margin of 14.11%.

Several analysts recently weighed in on the stock. Ascendiant Capital Markets dropped their price target on shares of AutoWeb from $2.00 to $1.25 and set a “na” rating on the stock in a research note on Thursday, May 19th. Barrington Research downgraded shares of AutoWeb from a “market perform” rating to an “underperform” rating in a research report on Tuesday, May 17th. StockNews.com started coverage on shares of AutoWeb in a research report on Saturday. They issued a “hold” rating for the company. Finally, Lake Street Capital dropped their price objective on AutoWeb from $2.50 to $1.50 in a report on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, AutoWeb currently has a consensus rating of “Hold” and an average price target of $3.00.

AutoWeb Company Profile (Get Rating)

AutoWeb, Inc operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to specific search parameters, such as price, make, model, mileage, year, and location of the vehicle.

See Also

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Institutional Ownership by Quarter for AutoWeb (NASDAQ:AUTO)

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