General Motors Company $GM Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 194,869 shares of the auto manufacturer’s stock after buying an additional 14,209 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in General Motors were worth $11,882,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after purchasing an additional 11,418,367 shares in the last quarter. Norges Bank purchased a new position in shares of General Motors during the 2nd quarter worth approximately $444,319,000. Viking Global Investors LP raised its position in shares of General Motors by 81.1% during the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after purchasing an additional 5,830,050 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its stake in General Motors by 436.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock valued at $130,826,000 after buying an additional 2,163,274 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in General Motors by 125.9% in the 2nd quarter. Marshall Wace LLP now owns 3,699,220 shares of the auto manufacturer’s stock valued at $182,039,000 after buying an additional 2,061,712 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total transaction of $556,128.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at $864,504. This trade represents a 39.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GM. HSBC boosted their price target on General Motors from $48.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, January 13th. The Goldman Sachs Group restated a “buy” rating and issued a $98.00 target price on shares of General Motors in a report on Thursday, January 15th. Zacks Research upgraded shares of General Motors from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. TD Cowen reissued a “buy” rating on shares of General Motors in a research note on Friday, December 12th. Finally, Wall Street Zen cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Check Out Our Latest Analysis on GM

General Motors Stock Performance

General Motors stock opened at $79.38 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. General Motors Company has a 12 month low of $41.60 and a 12 month high of $85.18. The company has a market cap of $74.05 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.31. The stock’s 50-day moving average is $78.80 and its 200-day moving average is $66.14.

Key General Motors News

Here are the key news stories impacting General Motors this week:

General Motors Company Profile

(Free Report)

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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