Honda Motor Co., Ltd. $HMC Position Raised by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 22.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,257 shares of the company’s stock after purchasing an additional 18,142 shares during the quarter. Vise Technologies Inc.’s holdings in Honda Motor were worth $3,137,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of HMC. Bank of America Corp DE raised its holdings in Honda Motor by 3.6% during the 1st quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock worth $68,917,000 after buying an additional 99,301 shares during the period. First Trust Advisors LP boosted its position in Honda Motor by 16.5% during the first quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock worth $33,931,000 after purchasing an additional 197,431 shares during the period. XY Capital Ltd acquired a new position in shares of Honda Motor during the 2nd quarter worth about $7,032,000. State Street Corp boosted its holdings in Honda Motor by 40.9% in the 2nd quarter. State Street Corp now owns 172,691 shares of the company’s stock valued at $4,685,000 after purchasing an additional 50,102 shares during the period. Finally, BlackRock Inc. raised its holdings in Honda Motor by 35.2% in the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock valued at $72,004,000 after acquiring an additional 691,165 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Stock Up 3.8%

Shares of HMC stock opened at $35.28 on Thursday. Honda Motor Co., Ltd. has a 52-week low of $23.25 and a 52-week high of $35.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. The stock has a market cap of $55.07 billion, a price-to-earnings ratio of -50.41 and a beta of 0.49. The firm’s 50-day moving average is $32.79 and its 200-day moving average is $29.00.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The firm had revenue of $37.27 billion during the quarter. Sell-side analysts predict that Honda Motor Co., Ltd. will post 2.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HMC shares. Weiss Ratings raised shares of Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 22nd. Wall Street Zen raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Zacks Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Finally, BNP Paribas Exane initiated coverage on shares of Honda Motor in a research note on Friday, September 18th. They issued a “neutral” rating and a $34.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.00.

About Honda Motor

Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world’s major vehicle producers.