Matthew Tsien Sells 16,989 Shares of General Motors (NYSE:GM) Stock

General Motors (NYSE:GM) (TSE:GMM.U) EVP Matthew Tsien sold 16,989 shares of the stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $63.95, for a total transaction of $1,086,446.55. Following the transaction, the executive vice president now owns 82,768 shares in the company, valued at $5,293,013.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NYSE:GM opened at $61.34 on Friday. The firm has a market capitalization of $88.98 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 1.19 and a beta of 1.33. General Motors has a 1-year low of $23.33 and a 1-year high of $64.30. The business has a fifty day simple moving average of $58.46. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.92.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Wednesday, May 5th. The auto manufacturer reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $1.28. The firm had revenue of $32.47 billion for the quarter, compared to analyst estimates of $33.15 billion. General Motors had a net margin of 7.49% and a return on equity of 19.59%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. Equities research analysts forecast that General Motors will post 5.41 EPS for the current fiscal year.

A number of equities research analysts recently commented on GM shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of General Motors from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, May 6th. Tudor Pickering started coverage on shares of General Motors in a research report on Tuesday, May 18th. They set a “buy” rating and a $76.00 target price for the company. Argus increased their target price on shares of General Motors from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, May 18th. They noted that the move was a valuation call. Wells Fargo & Company started coverage on shares of General Motors in a research report on Monday, April 5th. They set an “overweight” rating and a $67.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of General Motors from $71.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, June 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $63.29.

Large investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its position in General Motors by 297.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,395,000 shares of the auto manufacturer’s stock valued at $80,157,000 after buying an additional 1,043,880 shares during the period. Oliver Luxxe Assets LLC acquired a new stake in General Motors during the first quarter valued at $2,018,000. Cullen Frost Bankers Inc. grew its position in General Motors by 163.3% during the first quarter. Cullen Frost Bankers Inc. now owns 17,956 shares of the auto manufacturer’s stock valued at $1,032,000 after buying an additional 11,136 shares during the period. Mercer Global Advisors Inc. ADV grew its position in General Motors by 14.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,476 shares of the auto manufacturer’s stock valued at $1,269,000 after buying an additional 3,793 shares during the period. Finally, Kestra Advisory Services LLC grew its position in General Motors by 154.3% during the first quarter. Kestra Advisory Services LLC now owns 155,349 shares of the auto manufacturer’s stock valued at $8,926,000 after buying an additional 94,260 shares during the period. Hedge funds and other institutional investors own 80.31% of the company’s stock.

About General Motors

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts 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, Holden, Baojun, and Wuling brand names.

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Insider Buying and Selling by Quarter for General Motors (NYSE:GM)

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