Vident Advisory LLC lifted its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 90.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,087 shares of the company's stock after purchasing an additional 12,406 shares during the period. Vident Advisory LLC's holdings in Honda Motor were worth $708,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in Honda Motor by 460.2% during the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock worth $30,000 after buying an additional 902 shares during the period. Rothschild Investment LLC lifted its holdings in Honda Motor by 50.4% during the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock worth $34,000 after buying an additional 417 shares during the period. Rossby Financial LCC purchased a new stake in Honda Motor during the first quarter worth $56,000. Caitong International Asset Management Co. Ltd lifted its holdings in Honda Motor by 1,166.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,255 shares of the company's stock worth $61,000 after buying an additional 2,077 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Honda Motor by 50.7% during the first quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company's stock worth $75,000 after buying an additional 947 shares during the period. Hedge funds and other institutional investors own 5.32% of the company's stock.
Honda Motor Stock Performance
Shares of NYSE HMC traded up $0.50 during mid-day trading on Monday, hitting $34.85. The stock had a trading volume of 926,205 shares, compared to its average volume of 728,651. 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 50 day moving average of $32.30 and a two-hundred day moving average of $30.16. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $34.89. The firm has a market cap of $54.40 billion, a PE ratio of 12.06, a PEG ratio of 1.14 and a beta of 0.52.
Honda Motor (NYSE:HMC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%.The firm had revenue of $36.22 billion for the quarter, compared to the consensus estimate of $36.04 billion. Research analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.
Analysts Set New Price Targets
HMC has been the subject of a number of analyst reports. Zacks Research lowered Honda Motor from a "hold" rating to a "strong sell" rating in a report on Monday, September 1st. Wall Street Zen raised shares of Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Macquarie cut shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Finally, Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce".
Check Out Our Latest Stock Analysis on HMC
Honda Motor Profile
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Free Report)
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.
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