Vident Advisory LLC Has $708,000 Stock Position in Honda Motor Co., Ltd. $HMC

Key Points

• Vident Advisory LLC increased its stake in Honda Motor Co., Ltd. by 90.7% in Q1, acquiring a total of 26,087 shares valued at approximately $708,000.
• Several institutional investors, including Rothschild Investment LLC and Hexagon Capital Partners LLC, also increased their positions in Honda Motor during the first quarter.
• Honda's stock reported a net margin of 2.95% and a return on equity of 5.03%, with an earnings per share of $0.97 for the last quarter, surpassing analysts' expectations.

Vident Advisory LLC grew its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 90.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,087 shares of the company's stock after purchasing an additional 12,406 shares during the quarter. Vident Advisory LLC's holdings in Honda Motor were worth $708,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in Honda Motor by 69.9% in the 4th quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock valued at $31,396,000 after buying an additional 452,624 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Honda Motor by 160.9% in the 4th quarter. BNP Paribas Financial Markets now owns 6,549 shares of the company's stock valued at $187,000 after buying an additional 4,039 shares in the last quarter. Bank of America Corp DE grew its holdings in Honda Motor by 6.9% in the 4th quarter. Bank of America Corp DE now owns 1,255,537 shares of the company's stock valued at $35,846,000 after buying an additional 81,548 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Honda Motor by 32.3% in the 4th quarter. Baird Financial Group Inc. now owns 123,262 shares of the company's stock valued at $3,519,000 after buying an additional 30,119 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Honda Motor in the 4th quarter valued at $2,002,000. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Price Performance

Shares of NYSE HMC traded down $0.04 during trading hours on Thursday, hitting $33.98. 834,668 shares of the stock were exchanged, compared to its average volume of 684,143. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30. The company has a market cap of $53.04 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 1.13 and a beta of 0.52. The company's fifty day simple moving average is $32.58 and its two-hundred day simple moving average is $30.27. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $34.89.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.46. The business had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. On average, sell-side analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HMC shares. Wall Street Zen raised shares of Honda Motor from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research cut shares of Honda Motor from a "hold" rating to a "strong sell" rating in a report on Monday, September 1st. Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Macquarie cut shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce".

Honda Motor Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.