General Motors (NYSE:GM) Shares Sold by Hudson Capital Management LLC

Hudson Capital Management LLC cut its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 98,159 shares of the auto manufacturer’s stock after selling 4,532 shares during the period. General Motors comprises about 1.6% of Hudson Capital Management LLC’s holdings, making the stock its 23rd largest position. Hudson Capital Management LLC’s holdings in General Motors were worth $5,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GM. Strategic Investment Solutions Inc. IL acquired a new stake in shares of General Motors in the second quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors during the 3rd quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new stake in General Motors during the 3rd quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new stake in General Motors during the 4th quarter valued at approximately $31,000. Finally, Eastern Bank acquired a new stake in General Motors during the 3rd quarter valued at approximately $34,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. The trade was a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 514,344 shares of company stock worth $28,977,691. Company insiders own 0.72% of the company’s stock.

General Motors Trading Down 2.1 %

GM stock opened at $52.77 on Thursday. General Motors has a 1-year low of $34.56 and a 1-year high of $61.24. The firm has a market cap of $58.03 billion, a P/E ratio of 5.63, a P/E/G ratio of 0.39 and a beta of 1.42. The business’s 50 day moving average is $53.39 and its 200-day moving average is $49.74. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same period in the prior year, the company posted $2.28 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Equities analysts anticipate that General Motors will post 10.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GM has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. UBS Group raised their price objective on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Wells Fargo & Company lowered their price objective on General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Wedbush increased their target price on General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.05.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.