Blueshift Asset Management LLC Has $1.42 Million Position in Toyota Motor Corporation (NYSE:TM)

Key Points

• Blueshift Asset Management LLC increased its stake in Toyota Motor Corporation by 92.5% in the first quarter, bringing its holdings to 8,040 shares valued at approximately $1.42 million.
• Analysts have mixed views on Toyota, with one indicating a market perform rating while DZ Bank recently downgraded the stock from "strong-buy" to "strong sell."
• Toyota reported better-than-expected quarterly earnings with an EPS of $3.39, exceeding estimates of $2.92, alongside a revenue of $81.09 billion against a $78.47 billion forecast.

Blueshift Asset Management LLC boosted its stake in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 92.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,040 shares of the company's stock after acquiring an additional 3,864 shares during the quarter. Blueshift Asset Management LLC's holdings in Toyota Motor were worth $1,419,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TM. Private Trust Co. NA increased its stake in shares of Toyota Motor by 143.9% in the first quarter. Private Trust Co. NA now owns 139 shares of the company's stock valued at $25,000 after buying an additional 82 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new stake in shares of Toyota Motor in the fourth quarter valued at $29,000. Parvin Asset Management LLC acquired a new stake in shares of Toyota Motor in the fourth quarter valued at $32,000. Wayfinding Financial LLC acquired a new stake in shares of Toyota Motor in the first quarter valued at $41,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Toyota Motor in the first quarter valued at $47,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Sanford C. Bernstein assumed coverage on Toyota Motor in a research note on Monday, April 14th. They issued a "market perform" rating for the company. DZ Bank lowered Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold".

Toyota Motor Price Performance

Shares of TM stock opened at $178.96 on Friday. The stock has a 50-day moving average price of $178.13 and a 200 day moving average price of $181.54. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 0.62. The firm has a market cap of $241.13 billion, a price-to-earnings ratio of 7.91 and a beta of 0.61. Toyota Motor Corporation has a 12 month low of $155.00 and a 12 month high of $201.00.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $3.39 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.47. The firm had revenue of $81.09 billion during the quarter, compared to analyst estimates of $78.47 billion. Toyota Motor had a return on equity of 13.01% and a net margin of 9.89%. Research analysts expect that Toyota Motor Corporation will post 19.76 EPS for the current year.

About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.

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