Why Was GE Up Friday?

General Electric Company stock is trading -5.4% below its average target price of $100.89 after marking a 1.2% change Friday. Analysts are giving the large-cap Metal Fabrication company an average rating of buy and target prices ranging from $84.2 to $110.0 per share.

The stock has a very low short interest at 1.5%, and a short ratio of 1.87. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 72.5% of General Electric Company's shares being owned by this investor type.

Institutions Invested in General Electric Company

Date Reported Holder Percentage Shares Value
2022-12-31 Capital Research Global Investors 9% 102,093,162 $9,743,771,630
2022-12-31 Vanguard Group, Inc. (The) 8% 86,785,547 $8,282,812,817
2022-12-31 Blackrock Inc. 6% 67,872,032 $6,477,706,899
2022-12-31 FMR, LLC 6% 60,332,333 $5,758,118,008
2022-12-31 Price (T.Rowe) Associates Inc 5% 54,400,481 $5,191,982,039
2022-12-31 State Street Corporation 4% 41,332,656 $3,944,788,789
2022-12-31 Dodge & Cox Inc 3% 37,176,656 $3,548,140,139
2022-12-31 Capital International Investors 2% 24,057,814 $2,296,077,826
2022-12-31 Geode Capital Management, LLC 2% 18,952,831 $1,808,858,236
2022-12-31 Hotchkis & Wiley Capital Management, LLC 1% 15,723,447 $1,500,645,820
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.