Traders Sell General Electric Company (GE) on Strength (GE)

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Shares of General Electric Company (NYSE:GE) opened at $18.15 on Thursday. The stock rose 1.77% or $0.32 reaching $18.15 per share. The most recent shifts in number of shares owned by institutions came on September 30, 2017 when State Street Corp sold 10.4 million shares from its total ownership of 333.61 million.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, October 20th. It has underperformed by 21.16% the S&P500.


Letko Brosseau & Associates Inc decreased General Electric Co (GE) stake by 1.83% reported in 2017Q2 SEC filing. L & S Advisors Inc sold 33,498 shares as General Electric Co (GE)'s stock declined 7.64%. Calamos Wealth Lc stated it has 241,925 shares or 0.92% of all its holdings. Netease Inc now has $46.29 billion valuation.

In addition to Zacks Investment Research reporting its target price, a total of 11 firms have reported on the stock. $6.98M worth of PrivateBancorp Inc (NASDAQ:PVTB) shares were sold by Van Solkema Kevin. (The) set a $22.00 price target on General Electric and gave the company a "neutral" rating in a report on Tuesday, November 7th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.20). After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.


Salient Capital Advisors Llc decreased Visa Inc (NYSE:V) stake by 7,874 shares to 6,150 valued at $577,000 in 2017Q2. In the past 3-month period alone, shares of GE have appreciated -6.66 - or -27.19%. Alps Etf Tr (AMLP) was raised too. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. Therefore 50% are positive. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. equities research analysts expect that General Electric will post 1.06 earnings per share for the current fiscal year. The firm earned "Buy" rating on Wednesday, August 26 by TheStreet. The rating was downgraded by FIG Partners on Tuesday, March 22 to "Market Perform". On Monday, July 17 the stock rating was maintained by Morgan Stanley with "Equal-Weight". RBC Capital Markets maintained it with "Outperform" rating and $23 target in Tuesday, August 30 report. The firm has "Overweight" rating by Barclays Capital given on Monday, October 5. The company has a consensus rating of "Hold" and a consensus price target of $31.97. Benchmark maintained the shares of AMZN in report on Friday, October 23 with "Buy" rating. Finally, ValuEngine upgraded El Paso Electric from a "hold" rating to a "buy" rating in a report on Friday, November 10th. As per Thursday, September 21, the company rating was maintained by Argus Research. (NASDAQ:AMZN) earned "Buy" rating by Mizuho on Friday, February 3. Paw Corporation has invested 0.68% in General Electric Company (NYSE:GE). Its down 0.03, from 0.82 in 2017Q1. It dropped, as 85 investors sold GE shares while 816 reduced holdings. 111 funds opened positions while 598 raised stakes. Gateway Investment Advisers Ltd has invested 1.16% in General Electric Company (NYSE:GE). 2,467 were reported by Riggs Asset Managment Inc. Massachusetts-based Middleton And Com Ma has invested 0.56% in General Electric Company (NYSE:GE). Augustine Asset Inc, a Florida-based fund reported 186,782 shares. Of those holders, 789 had increased positions amounting to 368.51 million shares, 1,216 had decreased positions amounting to 270.86 million shares, and 158 holders have a held position accounting for 4.3 billion shares. Another trade for 29,383 shares valued at $1.78 million was sold by BOBINS NORMAN. First Fiduciary Investment Counsel Inc. grew its position in shares of General Electric by 1.1% during the third quarter. 229,200 shares of the company's stock were exchanged, compared to its average volume of 193,446. Sigma Planning has 218,972 shares. King Luther Capital Mngmt Corp reported 0.44% stake. Prudential Fincl owns 15.51 million shares or 0.62% of their U.S. portfolio. M&T Financial Bank Corporation accumulated 1.22% or 7.68 million shares. Bernstein upgraded the shares of GE in report on Friday, December 16 to "Outperform" rating. The stock of General Electric Company (NYSE:GE) has "Buy" rating given on Monday, July 10 by RBC Capital Markets. The rating was upgraded by Jefferies on Monday, November 28 to "Buy". The stock has an average rating of "Hold" and an average target price of $56.60. The firm has "Hold" rating by Jefferies given on Thursday, September 29. The rating was downgraded by Oppenheimer on Tuesday, October 24 to "Underperform". The firm earned "Hold" rating on Monday, July 17 by Cowen & Co.

Since June 8, 2017, it had 0 insider purchases, and 9 sales for $54.33 million activity. Moreover, Adirondack Research & Mgmt has 0.18% invested in General Electric Company (NYSE:GE). Pictet North America holds 0.31% or 68,074 shares in its portfolio. Ubs Asset Management Americas reported 580,782 shares. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate's stock valued at $2,463,459,000 after purchasing an additional 14,316,281 shares during the last quarter. Aviva Public Ltd Com holds 0.03% or 87,923 shares in its portfolio. Wallington Asset Mngmt Limited accumulated 355,724 shares or 2.67% of the stock. Millennium Ltd holds 0.02% or 234,713 shares in its portfolio. Arbor Investment Advisors LLC increased its stake in shares of General Electric Company by 2.6% in the third quarter. Price T Rowe Associate Incorporated Md holds 0.23% or 47.74 million shares in its portfolio. Cohen Cap holds 316,765 shares. M Kraus And Communication, a Vermont-based fund reported 129,074 shares. (NYSE:WHR) stake by 10,185 shares to 2,900 valued at $556,000 in 2017Q2.


Janney Montgomery Scott Llc, which manages about $15.70 billion and $8.01B US Long portfolio, upped its stake in Ishs Core Sp 500 Etf (IVV) by 39,495 shares to 428,232 shares, valued at $104.24 million in 2017Q2, according to the filing.

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