GTS Securities LLC Buys Shares of 73,475 Honda Motor Co., Ltd. $HMC

Key Points

• GTS Securities purchased 73,475 Honda shares in the second quarter, valued at approximately $1.99 million. Institutional investors and hedge funds collectively own 5.32% of the company.
• Honda shares opened at $31.91, up 1.9%, with the stock trading between a 52-week low of $23.25 and high of $34.89. Its 50-day and 200-day moving averages were $29.47 and $27.49, respectively.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $25.00. Recent ratings included a Zacks upgrade to “strong buy” and a Weiss Ratings downgrade to “sell.”

GTS Securities LLC purchased a new stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 73,475 shares of the company's stock, valued at approximately $1,992,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC grew its stake in Honda Motor by 1.3% in the 2nd quarter. Advisory Services Network LLC now owns 25,183 shares of the company's stock valued at $787,000 after acquiring an additional 329 shares during the last quarter. WealthCollab LLC increased its holdings in Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company's stock valued at $26,000 after acquiring an additional 365 shares in the last quarter. Allworth Financial LP raised its position in Honda Motor by 14.8% during the fourth quarter. Allworth Financial LP now owns 3,034 shares of the company's stock worth $89,000 after acquiring an additional 392 shares during the last quarter. Harbour Investments Inc. raised its position in Honda Motor by 5.8% during the fourth quarter. Harbour Investments Inc. now owns 7,265 shares of the company's stock worth $214,000 after acquiring an additional 400 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Honda Motor by 0.5% in the second quarter. Cerity Partners LLC now owns 90,498 shares of the company's stock valued at $2,609,000 after purchasing an additional 414 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company's stock.

Honda Motor Stock Up 1.9%

HMC opened at $31.91 on Friday. The firm has a market cap of $49.81 billion, a P/E ratio of -45.59 and a beta of 0.42. The business's fifty day simple moving average is $29.47 and its 200 day simple moving average is $27.49. Honda Motor Co., Ltd. has a 52 week low of $23.25 and a 52 week high of $34.89. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. The firm had revenue of $37.27 billion during the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. As a group, equities research analysts anticipate that Honda Motor Co., Ltd. will post 2.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HMC. Wall Street Zen upgraded shares of Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Zacks Research upgraded Honda Motor from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Finally, Weiss Ratings lowered Honda Motor from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Honda Motor has an average rating of "Hold" and a consensus price target of $25.00.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company's core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world's leading producers by volume and model breadth.

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