Smith Salley & Associates Has Decreased Its General Electric Co (GE) Holding as Shares Declined; As Tesla (TSLA) Market Valuation Declined, Criterion Capital Management Lifted Stake

April 25, 2018 - By Adrian Mccoy

General Electric Company (NYSE:GE) Logo

Smith Salley & Associates decreased its stake in General Electric Co (GE) by 88.48% based on its latest 2017Q4 regulatory filing with the SEC. Smith Salley & Associates sold 275,874 shares as the company’s stock declined 23.20% with the market. The institutional investor held 35,919 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $626,000, down from 311,793 at the end of the previous reported quarter. Smith Salley & Associates who had been investing in General Electric Co for a number of months, seems to be less bullish one the $121.96B market cap company. The stock decreased 4.33% or $0.635 during the last trading session, reaching $14.045. About 97.32 million shares traded or 18.61% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since April 25, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Christopher Lord increased its stake in Tesla Inc (TSLA) by 39.2% based on its latest 2017Q4 regulatory filing with the SEC. Criterion Capital Management Llc bought 20,034 shares as the company’s stock declined 14.15% with the market. The hedge fund run by Christopher Lord held 71,140 shares of the capital goods company at the end of 2017Q4, valued at $22.15M, up from 51,106 at the end of the previous reported quarter. Criterion Capital Management Llc who had been investing in Tesla Inc for a number of months, seems to be bullish on the $47.41 billion market cap company. The stock decreased 0.98% or $2.77 during the last trading session, reaching $280.69. About 3.92M shares traded. Tesla, Inc. (NASDAQ:TSLA) has risen 3.32% since April 25, 2017 and is uptrending. It has underperformed by 8.23% the S&P500.

Since December 13, 2017, it had 0 insider buys, and 9 selling transactions for $3.87 million activity. Shares for $284,019 were sold by Branderiz Eric on Wednesday, January 24. Shares for $1.27 million were sold by Musk Kimbal.

Among 36 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 12 have Buy rating, 9 Sell and 15 Hold. Therefore 33% are positive. Tesla Motors Inc had 144 analyst reports since July 21, 2015 according to SRatingsIntel. Standpoint Research downgraded the shares of TSLA in report on Wednesday, October 4 to “Sell” rating. Barclays Capital downgraded it to “Underweight” rating and $180 target in Friday, October 9 report. The firm has “Hold” rating given on Tuesday, June 28 by Argus Research. The rating was maintained by Deutsche Bank on Tuesday, August 4 with “Hold”. The firm has “Sell” rating given on Monday, October 23 by Jefferies. The rating was upgraded by Argus Research on Tuesday, August 8 to “Buy”. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Buy” rating given on Wednesday, January 4 by Guggenheim. RBC Capital Markets maintained the shares of TSLA in report on Tuesday, December 19 with “Hold” rating. Goldman Sachs maintained the stock with “Neutral” rating in Monday, April 25 report. Robert W. Baird maintained Tesla, Inc. (NASDAQ:TSLA) rating on Friday, September 29. Robert W. Baird has “Buy” rating and $411.0 target.

Criterion Capital Management Llc, which manages about $3.75B and $1.66B US Long portfolio, decreased its stake in Splunk Inc (NASDAQ:SPLK) by 1.65M shares to 408,233 shares, valued at $33.82M in 2017Q4, according to the filing. It also reduced its holding in Salesforce Com Inc (NYSE:CRM) by 945,022 shares in the quarter, leaving it with 733,196 shares, and cut its stake in Netflix Inc (NASDAQ:NFLX).

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.25, from 1.3 in 2017Q3. It fall, as 105 investors sold TSLA shares while 156 reduced holdings. 69 funds opened positions while 206 raised stakes. 96.06 million shares or 3.01% more from 93.25 million shares in 2017Q3 were reported. Wetherby Asset Mngmt reported 1,993 shares stake. Rmb Ltd Llc has 1,358 shares for 0.01% of their portfolio. The New York-based Adirondack Trust has invested 0.04% in Tesla, Inc. (NASDAQ:TSLA). Co Bankshares holds 0.01% in Tesla, Inc. (NASDAQ:TSLA) or 1,876 shares. Qcm Cayman has invested 0.96% in Tesla, Inc. (NASDAQ:TSLA). Bedell Frazier Investment Counseling Limited Liability Company reported 1.62% stake. Richard Bernstein Advsrs Limited Liability Co owns 1,307 shares or 0.02% of their US portfolio. Ifc Hldg Inc Fl accumulated 1,375 shares. Miracle Mile Advsr Limited Liability Corp owns 809 shares or 0.04% of their US portfolio. Peregrine Asset Advisers holds 1,449 shares or 0.23% of its portfolio. California-based Fort Point Cap Prtn Llc has invested 0.13% in Tesla, Inc. (NASDAQ:TSLA). Cubist Systematic Strategies Ltd Limited Liability Company stated it has 0.01% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). 4,093 are owned by Ibm Retirement Fund. 2,701 were accumulated by Focused Wealth Mgmt. Point72 Asset Management Limited Partnership owns 5,000 shares.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 100 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by S&P Research on Monday, August 17. The company was downgraded on Friday, May 12 by Deutsche Bank. William Blair upgraded General Electric Company (NYSE:GE) on Tuesday, October 13 to “Outperform” rating. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Citigroup on Monday, October 23. The rating was maintained by J.P. Morgan with “Sell” on Thursday, March 29. On Tuesday, April 3 the stock rating was maintained by Stifel Nicolaus with “Hold”. Cowen & Co maintained General Electric Company (NYSE:GE) on Monday, June 12 with “Hold” rating. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Thursday, January 25 by Citigroup. Morgan Stanley downgraded the shares of GE in report on Monday, October 23 to “Underweight” rating. The company was maintained on Thursday, January 4 by Tigress Financial.

Since January 26, 2018, it had 1 insider purchase, and 0 sales for $43,446 activity.

General Electric Company (NYSE:GE) Institutional Positions Chart

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