General Motors (NYSE:GM) Holdings Raised by Nebula Research & Development LLC

Nebula Research & Development LLC grew its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 151.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,035 shares of the auto manufacturer's stock after purchasing an additional 42,145 shares during the quarter. General Motors makes up about 0.4% of Nebula Research & Development LLC's investment portfolio, making the stock its 17th biggest position. Nebula Research & Development LLC's holdings in General Motors were worth $3,731,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GM. Norges Bank purchased a new position in General Motors in the fourth quarter valued at about $592,321,000. Amundi raised its position in General Motors by 75.5% in the fourth quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock valued at $250,627,000 after purchasing an additional 2,113,973 shares during the period. ACR Alpine Capital Research LLC increased its position in shares of General Motors by 39.8% during the fourth quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock worth $394,060,000 after acquiring an additional 2,104,528 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of General Motors in the fourth quarter worth about $108,366,000. Finally, National Bank of Canada FI boosted its holdings in General Motors by 54.4% in the fourth quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock valued at $178,593,000 after purchasing an additional 1,180,936 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares of the company's stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen assumed coverage on General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a research report on Monday, April 14th. Piper Sandler upped their target price on General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Cowen assumed coverage on General Motors in a research report on Thursday, March 6th. They issued a "buy" rating on the stock. Finally, UBS Group reaffirmed a "neutral" rating and issued a $51.00 target price (down from $64.00) on shares of General Motors in a research report on Thursday, April 10th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, General Motors has a consensus rating of "Hold" and a consensus target price of $54.83.

General Motors Stock Performance

Shares of NYSE:GM traded up $0.07 on Monday, hitting $47.18. The company's stock had a trading volume of 15,243,758 shares, compared to its average volume of 13,349,049. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The company has a market capitalization of $46.94 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. The stock's 50-day moving average is $46.87 and its two-hundred day moving average is $50.34. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, equities research analysts forecast that General Motors will post 11.44 EPS for the current year.

General Motors declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

General Motors Company 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.