Journey Strategic Wealth LLC Purchases New Stake in Lithia Motors, Inc. (NYSE:LAD)

Journey Strategic Wealth LLC acquired a new stake in Lithia Motors, Inc. (NYSE:LAD) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 580 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds have also made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in Lithia Motors in the third quarter worth $35,000. UMB Bank n.a. raised its stake in shares of Lithia Motors by 69.9% during the fourth quarter. UMB Bank n.a. now owns 124 shares of the company’s stock valued at $44,000 after purchasing an additional 51 shares in the last quarter. GAMMA Investing LLC raised its position in Lithia Motors by 30.5% in the fourth quarter. GAMMA Investing LLC now owns 167 shares of the company’s stock worth $60,000 after acquiring an additional 39 shares in the last quarter. Blue Trust Inc. raised its position in Lithia Motors by 49.3% in the third quarter. Blue Trust Inc. now owns 200 shares of the company’s stock worth $64,000 after acquiring an additional 66 shares in the last quarter. Finally, Signaturefd LLC raised its position in Lithia Motors by 23.9% in the third quarter. Signaturefd LLC now owns 249 shares of the company’s stock worth $79,000 after acquiring an additional 48 shares in the last quarter.

Insider Activity

In related news, CEO Bryan B. Deboer sold 3,313 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $380.00, for a total transaction of $1,258,940.00. Following the sale, the chief executive officer now owns 192,814 shares in the company, valued at approximately $73,269,320. This represents a 1.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Tina Miller sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $392.72, for a total value of $392,720.00. Following the sale, the chief financial officer now owns 10,403 shares in the company, valued at $4,085,466.16. The trade was a 8.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,770 shares of company stock worth $15,103,607 over the last three months. Corporate insiders own 1.79% of the company’s stock.

Lithia Motors Stock Down 2.6 %

Shares of Lithia Motors stock opened at $366.22 on Tuesday. Lithia Motors, Inc. has a 12 month low of $243.00 and a 12 month high of $405.67. The company has a quick ratio of 0.27, a current ratio of 1.18 and a debt-to-equity ratio of 1.23. The stock has a market cap of $9.75 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 4.82 and a beta of 1.67. The business has a fifty day simple moving average of $364.65 and a 200 day simple moving average of $328.32.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Lithia Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Stephens raised their price target on Lithia Motors from $360.00 to $405.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Benchmark started coverage on Lithia Motors in a research note on Wednesday, January 8th. They set a “buy” rating and a $400.00 price target for the company. Guggenheim increased their price objective on Lithia Motors from $380.00 to $418.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on Lithia Motors from $343.00 to $346.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $357.40.

Lithia Motors Company Profile

Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company’s Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles.