Parallel Advisors LLC Has $352,000 Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Parallel Advisors LLC decreased its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 48.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,338 shares of the company's stock after selling 11,530 shares during the quarter. Parallel Advisors LLC's holdings in Honda Motor were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC increased its position in Honda Motor by 2.3% during the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company's stock worth $328,273,000 after acquiring an additional 227,890 shares during the period. FMR LLC increased its holdings in shares of Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company's stock worth $43,021,000 after purchasing an additional 466,842 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Honda Motor by 153.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock valued at $19,074,000 after buying an additional 404,883 shares during the last quarter. Brandes Investment Partners LP lifted its stake in shares of Honda Motor by 13.1% in the fourth quarter. Brandes Investment Partners LP now owns 570,169 shares of the company's stock valued at $16,278,000 after buying an additional 66,030 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Honda Motor during the fourth quarter worth about $11,909,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

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Honda Motor Price Performance

HMC traded down $0.59 during midday trading on Wednesday, reaching $29.55. 1,057,025 shares of the company's stock were exchanged, compared to its average volume of 1,013,211. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $37.37. The firm has a market capitalization of $46.12 billion, a price-to-earnings ratio of 6.87 and a beta of 0.61. The business has a 50-day simple moving average of $28.47 and a two-hundred day simple moving average of $28.79. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The firm had revenue of $36.31 billion during the quarter, compared to analyst estimates of $35.31 billion. As a group, research analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on HMC shares. UBS Group raised Honda Motor from a "sell" rating to a "neutral" rating in a report on Wednesday, December 18th. StockNews.com upgraded shares of Honda Motor from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th.

Honda Motor Profile

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.