Viking Global Investors Adds $183M in General Motors Company ($GM)
Key Points
- Viking Global Investors changed its General Motors Company ($GM) stake by 34.83% last quarter, boosting to 9,176,943 shares worth $707.36 million.
- Wall Street's consensus rating on $GM is Buy and an average price target of $101.19.
- $GM last traded around $77.08.
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Viking Global Investors increased its position in General Motors Company ($GM) by 34.83% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,176,943 shares of General Motors Company after buying 2,370,848 shares during the quarter. Viking Global Investors's holdings in General Motors Company were worth $707.36 million as of its most recent filing.
General Motors Company Stock Down 10.7%
Shares of General Motors Company ($GM) traded around $77.08 on Saturday, down 10.7% for the day.
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About General Motors Company
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide. It operates through GM North America, GM International, and GM Financial segments. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names. In addition, it sells trucks, crossovers, cars, and automobile parts through retail dealers, distributors and dealers, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. Further, the company offers various range of after-sale services through dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories, and extended service warranties. Additionally, it provides automotive financing; and software-enabled services and subscriptions. General Motors Company was founded in 1908 and is based in Detroit, Michigan.
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