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

Several other large investors have also made changes to their positions in the business. Bessemer Group Inc. lifted its stake in shares of Honda Motor by 460.2% in the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after purchasing an additional 902 shares during the period. Rothschild Investment LLC raised its position 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 acquiring an additional 417 shares during the period. Rossby Financial LCC acquired a new stake in shares of Honda Motor in the first quarter valued at about $56,000. Caitong International Asset Management Co. Ltd raised its position in shares of Honda Motor by 1,166.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,255 shares of the company's stock valued at $61,000 after buying an additional 2,077 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Honda Motor by 50.7% in the first quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company's stock valued at $75,000 after buying an additional 947 shares during the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Trading Down 1.9%

HMC traded down $0.67 on Wednesday, reaching $34.01. 548,520 shares of the company's stock were exchanged, compared to its average volume of 1,053,445. The company's 50 day moving average is $32.41 and its 200-day moving average is $30.20. The company has a market cap of $53.08 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.16 and a beta of 0.52. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $34.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30.

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

Analyst Ratings Changes

Several brokerages have weighed in on HMC. Dbs Bank lowered shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Macquarie cut shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Zacks Research cut shares of Honda Motor from a "hold" rating to a "strong sell" rating in a report on Monday, September 1st. Finally, Wall Street Zen upgraded shares of 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 company's stock. According to MarketBeat, Honda Motor 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.