General Electric (NYSE:GE) Trading Down 1%

General Electric (NYSE:GE - Get Free Report)'s stock price dropped 1% on Monday . The company traded as low as $173.36 and last traded at $173.44. Approximately 1,378,036 shares were traded during trading, a decline of 77% from the average daily volume of 5,914,607 shares. The stock had previously closed at $175.15.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded General Electric from a "neutral" rating to an "overweight" rating and raised their target price for the company from $166.00 to $180.00 in a research note on Friday, March 8th. Jefferies Financial Group raised their price objective on shares of General Electric from $180.00 to $195.00 in a research note on Monday, March 11th. Oppenheimer restated a "market perform" rating on shares of General Electric in a research report on Tuesday, March 5th. Wells Fargo & Company boosted their price objective on General Electric from $144.00 to $148.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 24th. Finally, StockNews.com assumed coverage on shares of General Electric in a research report on Wednesday, March 20th. They set a "hold" rating for the company. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, General Electric currently has an average rating of "Moderate Buy" and a consensus price target of $146.54.

General Electric Stock Down 0.9 %

The stock has a market capitalization of $189.69 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.32 and a beta of 1.28. The firm's fifty day moving average is $148.73 and its 200-day moving average is $128.14. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.13. The business had revenue of $19.42 billion for the quarter, compared to the consensus estimate of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The firm's quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. As a group, equities research analysts predict that General Electric will post 4.57 earnings per share for the current year.

Insider Activity at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the company's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the sale, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael J. Holston sold 22,055 shares of the company's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC lifted its position in General Electric by 10.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate's stock worth $12,087,000 after purchasing an additional 10,722 shares during the period. D1 Capital Partners L.P. raised its position in General Electric by 159.8% during the second quarter. D1 Capital Partners L.P. now owns 1,455,000 shares of the conglomerate's stock valued at $159,832,000 after purchasing an additional 895,000 shares in the last quarter. Hoey Investments Inc. boosted its holdings in shares of General Electric by 51,152.3% in the 3rd quarter. Hoey Investments Inc. now owns 22,551 shares of the conglomerate's stock valued at $2,493,000 after purchasing an additional 22,507 shares in the last quarter. Qsemble Capital Management LP bought a new position in shares of General Electric in the 3rd quarter valued at $1,846,000. Finally, Cambridge Financial Group Inc. acquired a new position in shares of General Electric during the 3rd quarter worth $6,285,000. Institutional investors and hedge funds own 74.77% of the company's stock.

About General Electric

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.