Harel Insurance Investments & Financial Services Ltd. Sells 1,824 Shares of General Motors (NYSE:GM)

Harel Insurance Investments & Financial Services Ltd. reduced its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 57.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,370 shares of the auto manufacturer’s stock after selling 1,824 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in General Motors were worth $73,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of General Motors during the second quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in General Motors in the 3rd quarter worth approximately $27,000. Truvestments Capital LLC purchased a new stake in General Motors during the 3rd quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Motors during the fourth quarter valued at approximately $31,000. Finally, Eastern Bank purchased a new position in shares of General Motors in the third quarter worth $34,000. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Down 0.5 %

Shares of NYSE GM opened at $53.95 on Friday. General Motors has a 1 year low of $34.71 and a 1 year high of $61.24. The firm has a 50-day simple moving average of $53.17 and a two-hundred day simple moving average of $49.85. The company has a market cap of $59.32 billion, a P/E ratio of 5.75, a PEG ratio of 0.38 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

Wall Street Analyst Weigh In

GM has been the subject of several research analyst reports. UBS Group raised their target price on shares of General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Wednesday, December 11th. Mizuho raised their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and upped their price objective for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.17.

Insider Buying and Selling

In related news, EVP Craig B. Glidden sold 383,142 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $56.63, for a total value of $21,697,331.46. Following the transaction, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 514,344 shares of company stock valued at $28,977,691. Insiders own 0.72% of the company’s stock.

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.