Blueshift Asset Management LLC Boosts Stock 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 Toyota Motor Corporation (NYSE:TM - Free Report) by 92.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,040 shares of the company's stock after buying 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.

A number of other hedge funds have also bought and sold shares of the business. Private Trust Co. NA grew its position in shares of Toyota Motor by 143.9% during the first quarter. Private Trust Co. NA now owns 139 shares of the company's stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new stake in shares of Toyota Motor in the fourth quarter worth about $29,000. Parvin Asset Management LLC acquired a new position in shares of Toyota Motor during the fourth quarter valued at approximately $32,000. Wayfinding Financial LLC purchased a new position in Toyota Motor in the first quarter worth approximately $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 hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. DZ Bank lowered Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 9th. Sanford C. Bernstein initiated coverage on shares of Toyota Motor in a research note on Monday, April 14th. They issued a "market perform" rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Toyota Motor currently has a consensus rating of "Hold".

Toyota Motor Trading Down 0.3%

Shares of NYSE:TM traded down $0.57 during mid-day trading on Tuesday, hitting $181.75. The company had a trading volume of 275,093 shares, compared to its average volume of 422,227. The company has a market capitalization of $244.89 billion, a PE ratio of 8.03 and a beta of 0.64. The firm has a fifty day moving average price of $178.08 and a 200 day moving average price of $181.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.26 and a quick ratio of 1.10. Toyota Motor Corporation has a one year low of $155.00 and a one year 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, beating the consensus estimate of $2.92 by $0.47. The business 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%. As a group, research analysts forecast that Toyota Motor Corporation will post 19.76 EPS for the current year.

Toyota Motor Company Profile

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.