XY Capital Ltd Buys Shares of 259,383 Honda Motor Co., Ltd. $HMC

Key Points

• XY Capital Ltd purchased 259,383 Honda Motor shares worth approximately $7.03 million during the second quarter, making Honda its fifth-largest holding and representing 6.8% of its portfolio.
• Honda shares opened at $32.66, up from their 50-day and 200-day moving averages, but remain within a volatile range between $23.25 and $34.89. The company reported quarterly revenue of $37.27 billion and earnings of $2.14 per share.
• Analyst sentiment is mixed: Honda has an overall “Hold” consensus rating and a $25 price target, with ratings ranging from “Strong Buy” to “Sell.” Institutional investors own 5.32% of the stock.

XY Capital Ltd purchased a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 259,383 shares of the company's stock, valued at approximately $7,032,000. Honda Motor accounts for approximately 6.8% of XY Capital Ltd's investment portfolio, making the stock its 5th largest position.

Several other institutional investors have also made changes to their positions in HMC. Caitong International Asset Management Co. Ltd bought a new position in shares of Honda Motor during the third quarter worth about $26,000. WealthCollab LLC boosted its position in shares of Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company's stock valued at $26,000 after acquiring an additional 365 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Honda Motor in the second quarter valued at $29,000. Financial Management Professionals Inc. grew its stake in shares of Honda Motor by 38.2% during the second quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company's stock valued at $51,000 after buying an additional 518 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Honda Motor by 121.2% during the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company's stock valued at $57,000 after buying an additional 1,161 shares during the period. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Stock Down 1.2%

Shares of NYSE HMC opened at $32.66 on Friday. The business's fifty day simple moving average is $30.11 and its 200-day simple moving average is $27.51. The stock has a market cap of $50.98 billion, a P/E ratio of -46.66 and a beta of 0.44. Honda Motor Co., Ltd. has a 12-month low of $23.25 and a 12-month high of $34.89. The company has a current ratio of 1.29, a quick ratio of 1.04 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 (EPS) for the quarter. The business had revenue of $37.27 billion for 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 analysts predict that Honda Motor Co., Ltd. will post 2.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Honda Motor in a research report on Monday, August 31st. Wall Street Zen upgraded Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Zacks Research raised shares of Honda Motor from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. 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 stock. According to data from MarketBeat, 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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