Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 46.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,872 shares of the financial services provider's stock after selling 20,372 shares during the quarter. Wells Fargo & Company MN owned about 0.05% of Green Brick Partners worth $1,349,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GRBK. Raymond James Financial Inc. acquired a new stake in shares of Green Brick Partners during the fourth quarter worth $9,488,000. WCM Investment Management LLC acquired a new position in Green Brick Partners in the fourth quarter valued at $8,053,000. JPMorgan Chase & Co. boosted its holdings in Green Brick Partners by 68.4% in the third quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider's stock valued at $24,437,000 after acquiring an additional 118,858 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in Green Brick Partners by 549.1% in the fourth quarter. Edgestream Partners L.P. now owns 90,218 shares of the financial services provider's stock valued at $5,096,000 after acquiring an additional 76,318 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in Green Brick Partners by 26.5% in the fourth quarter. Annex Advisory Services LLC now owns 271,931 shares of the financial services provider's stock valued at $15,361,000 after acquiring an additional 57,045 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Analysts Set New Price Targets

Separately, Wedbush reiterated a "neutral" rating and issued a $70.00 target price on shares of Green Brick Partners in a report on Friday, February 28th.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock opened at $57.51 on Monday. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66. The stock has a market capitalization of $2.56 billion, a P/E ratio of 7.47 and a beta of 1.82. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The business's fifty day moving average price is $57.99 and its 200 day moving average price is $62.92.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.

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