Honda Motor Co., Ltd. (NYSE:HMC) Shares Acquired by Fmr LLC

Fmr LLC boosted its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 52.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,355,835 shares of the company’s stock after buying an additional 466,842 shares during the quarter. Fmr LLC’s holdings in Honda Motor were worth $43,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Honda Motor during the second quarter valued at approximately $8,635,000. Fisher Asset Management LLC raised its stake in Honda Motor by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after purchasing an additional 227,890 shares during the last quarter. International Assets Investment Management LLC raised its stake in Honda Motor by 1,906.3% in the 3rd quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock valued at $6,105,000 after purchasing an additional 184,057 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Honda Motor in the 2nd quarter valued at $3,595,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Honda Motor during the second quarter worth $2,015,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Up 1.3 %

HMC stock opened at $26.04 on Friday. Honda Motor Co., Ltd. has a 1 year low of $25.56 and a 1 year high of $37.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43. The business has a 50 day simple moving average of $28.93 and a 200-day simple moving average of $30.91.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The company had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. Sell-side analysts anticipate that Honda Motor Co., Ltd. will post 4.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

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.