Ieq Capital LLC Invests $247,000 in Honda Motor Co., Ltd. $HMC

Key Points

• Ieq Capital LLC has made a new investment in Honda Motor Co., Ltd., purchasing 9,111 shares valued at approximately $247,000 during the first quarter.
• Several institutional investors have significantly increased their stakes in Honda Motor, with Bessemer Group Inc. leading with a 460.2% increase in its holdings during the same period.
• Honda Motor's stock price recently opened at $34.32 and the company reported earnings of $0.97 per share, surpassing analyst expectations of $0.51 per share for the quarter.

Ieq Capital LLC bought a new stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,111 shares of the company's stock, valued at approximately $247,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Rothschild Investment LLC lifted its stake in Honda Motor by 50.4% in the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after buying an additional 417 shares during the period. Hexagon Capital Partners LLC lifted its stake in Honda Motor by 17.7% in the first quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the company's stock valued at $80,000 after buying an additional 444 shares during the period. Harbour Investments Inc. raised its position in shares of Honda Motor by 9.2% during the first quarter. Harbour Investments Inc. now owns 6,142 shares of the company's stock worth $167,000 after purchasing an additional 520 shares during the period. Bruce G. Allen Investments LLC raised its position in shares of Honda Motor by 9.7% during the first quarter. Bruce G. Allen Investments LLC now owns 6,232 shares of the company's stock worth $169,000 after purchasing an additional 549 shares during the period. Finally, Park Avenue Securities LLC raised its position in shares of Honda Motor by 4.9% during the first quarter. Park Avenue Securities LLC now owns 14,459 shares of the company's stock worth $392,000 after purchasing an additional 678 shares during the period. Institutional investors and hedge funds own 5.32% of the company's stock.

Honda Motor Stock Down 1.2%

HMC stock traded down $0.42 during mid-day trading on Friday, reaching $33.54. The company had a trading volume of 421,886 shares, compared to its average volume of 692,371. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $32.66 and a two-hundred day simple moving average of $30.31. The company has a market capitalization of $52.35 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.13 and a beta of 0.52. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $34.89.

Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping 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 company had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. As a group, equities analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HMC. Macquarie lowered Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Zacks Research lowered Honda Motor from a "hold" rating to a "strong sell" rating in a research report on Monday, September 1st. Finally, Wall Street Zen raised Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce".

About Honda Motor

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.