5 Value Stocks Hedge Funds Like in 2022

3. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 90

PE Ratio: 6.16

General Motors Company (NYSE:GM) makes and sells automobiles. Elite hedge funds hold large stakes in the company. Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Harris Associates is a leading shareholder in General Motors Company (NYSE:GM) with 33 million shares worth more than $1.9 billion. 

On March 11, Benchmark analyst Michael Ward maintained a Buy rating on General Motors Company (NYSE:GM) stock with a price target of $75, highlighting that the firm looked set to produce record financial results while funding investment despite near-term headwinds due to chip supply problems.

Junto Investments, in its Q4 2020 investor letter, mentioned General Motors Company (NYSE:GM). Here is what the fund has to say about General Motors Company in its letter:

“General Motors Company (NYSE:GM) was the biggest gainer. We managed to buy it at a screamingly cheap price in the middle of March. A lot of interesting news has emerged about GM recently, including the new electric product delivery system BrightDrop and GM Cruise’s team-up with Microsoft Azure to commercialize self-driving cars in 2021. GM’s intrinsic value is crystallizing and General Motors Company (NYSE:GM) is worth a whole lot more than is still reflected in the market.”