Boston Partners Has $587,000 Stock Holdings in TrueCar, Inc. (NASDAQ:TRUE)

Boston Partners trimmed its position in shares of TrueCar, Inc. (NASDAQ:TRUE) by 44.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,346 shares of the technology company’s stock after selling 126,603 shares during the quarter. Boston Partners owned 0.18% of TrueCar worth $587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of TrueCar by 169.2% during the third quarter. Barclays PLC now owns 130,062 shares of the technology company’s stock worth $448,000 after purchasing an additional 81,745 shares in the last quarter. State Street Corp boosted its position in shares of TrueCar by 0.9% during the third quarter. State Street Corp now owns 1,790,659 shares of the technology company’s stock worth $6,178,000 after purchasing an additional 16,127 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of TrueCar by 15.2% during the third quarter. BNP Paribas Financial Markets now owns 60,942 shares of the technology company’s stock worth $210,000 after purchasing an additional 8,027 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of TrueCar by 3.8% during the third quarter. Geode Capital Management LLC now owns 1,955,226 shares of the technology company’s stock worth $6,747,000 after purchasing an additional 71,508 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of TrueCar by 19.4% during the third quarter. Jane Street Group LLC now owns 99,586 shares of the technology company’s stock worth $344,000 after purchasing an additional 16,163 shares in the last quarter. 79.44% of the stock is owned by institutional investors.

TrueCar Trading Up 1.1 %

TRUE opened at $1.78 on Friday. The firm’s fifty day simple moving average is $2.85 and its 200 day simple moving average is $3.43. TrueCar, Inc. has a 12 month low of $1.68 and a 12 month high of $4.62. The stock has a market capitalization of $155.32 million, a P/E ratio of -5.24 and a beta of 1.72.

TrueCar (NASDAQ:TRUE) last issued its quarterly earnings results on Tuesday, February 18th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). TrueCar had a negative return on equity of 17.54% and a negative net margin of 17.68%. The business had revenue of $46.21 million for the quarter, compared to the consensus estimate of $47.30 million. On average, equities research analysts predict that TrueCar, Inc. will post -0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TRUE. Needham & Company LLC reduced their price target on shares of TrueCar from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut shares of TrueCar from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut shares of TrueCar from an “overweight” rating to a “neutral” rating in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, TrueCar currently has a consensus rating of “Moderate Buy” and an average price target of $4.63.

TrueCar Company Profile

TrueCar, Inc operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers.