Park Edge Advisors LLC Acquires New Position in General Electric (NYSE:GE)

Park Edge Advisors LLC acquired a new stake in General Electric (NYSE:GE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,572 shares of the conglomerate's stock, valued at approximately $1,094,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GE. CGC Financial Services LLC boosted its stake in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 110 shares during the period. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of General Electric by 808.1% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate's stock valued at $31,000 after buying an additional 299 shares in the last quarter. Financial Freedom LLC bought a new position in shares of General Electric in the fourth quarter valued at $32,000. Macroview Investment Management LLC increased its holdings in shares of General Electric by 43.4% in the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate's stock valued at $35,000 after buying an additional 96 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. bought a new position in shares of General Electric in the third quarter valued at $37,000. 74.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the company's stock in a transaction dated 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 directly owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares of the company's stock, valued at $6,552,351.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated Wednesday, February 14th. The stock was 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 directly owns 56,284 shares of the company's stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

General Electric Stock Down 0.8 %

NYSE:GE traded down $1.49 during trading hours on Friday, reaching $175.15. The company's stock had a trading volume of 5,450,383 shares, compared to its average volume of 5,997,675. The company has a market cap of $191.49 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.31 and a beta of 1.28. General Electric has a one year low of $90.32 and a one year high of $177.50. The business's 50-day moving average is $147.82 and its 200-day moving average is $127.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85.

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

Analysts Set New Price Targets

GE has been the topic of several research reports. Royal Bank of Canada upped their price target on General Electric from $148.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Jefferies Financial Group boosted their target price on shares of General Electric from $180.00 to $195.00 in a research note on Monday, March 11th. Wells Fargo & Company boosted their target price on shares of General Electric from $144.00 to $148.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of General Electric from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $166.00 to $180.00 in a research note on Friday, March 8th. Finally, StockNews.com began coverage on shares of General Electric in a research note on Wednesday. They set a "hold" rating on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $146.54.

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.

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