General Motors Company stock is trading -37.36% below its average target price of $49.4 after dropping -1.7% during today's afternoon session. Analysts are giving the large-cap Auto Manufacturers company an average rating of buy and target prices ranging from $29.0 to $90.0 per share.
The stock has an average amount of shares sold short at 2.4%, and a short ratio of 2.95. 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 a significant number of institutional investors are invested in the stock, with 83.9% of General Motors Company's shares being owned by this investor type.
Institutions Invested in General Motors Company
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Blackrock Inc. | 10% | 131,649,042 | $4,073,761,045 |
| 2023-06-30 | Vanguard Group Inc | 8% | 109,880,075 | $3,400,139,965 |
| 2023-06-30 | State Street Corporation | 4% | 58,732,016 | $1,817,409,342 |
| 2023-06-30 | Capital World Investors | 4% | 50,797,231 | $1,571,874,566 |
| 2023-06-30 | Harris Associates L.P. | 3% | 38,534,984 | $1,192,430,376 |
| 2023-06-30 | Capital Research Global Investors | 3% | 35,945,127 | $1,112,289,583 |
| 2023-06-30 | Capital International Investors | 2% | 26,669,589 | $825,266,413 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 25,308,907 | $783,161,334 |
| 2023-06-30 | Arrowstreet Capital, Limited Partnership | 2% | 25,115,027 | $777,161,892 |
| 2023-06-30 | Bank of America Corporation | 2% | 25,179,488 | $779,156,580 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on General Motors Company.
