Parallel Advisors LLC Sells 11,530 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Parallel Advisors LLC decreased its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 48.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Atria Investments Inc lifted its holdings in shares of Honda Motor by 7.9% in the third quarter. Atria Investments Inc now owns 9,075 shares of the company's stock worth $288,000 after buying an additional 662 shares in the last quarter. Natixis Advisors LLC increased its holdings in Honda Motor by 6.1% during the 3rd quarter. Natixis Advisors LLC now owns 220,628 shares of the company's stock worth $7,001,000 after acquiring an additional 12,720 shares during the period. Pathstone Holdings LLC lifted its stake in Honda Motor by 1.9% in the 3rd quarter. Pathstone Holdings LLC now owns 62,832 shares of the company's stock worth $1,994,000 after purchasing an additional 1,200 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Honda Motor by 42.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,532 shares of the company's stock valued at $683,000 after purchasing an additional 6,465 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Honda Motor during the 3rd quarter valued at $398,000. Hedge funds and other institutional investors own 5.32% of the company's stock.

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Analyst Ratings Changes

HMC has been the topic of a number of recent analyst reports. UBS Group upgraded Honda Motor from a "sell" rating to a "neutral" rating in a research report on Wednesday, December 18th. StockNews.com raised Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th.

Honda Motor Price Performance

Shares of Honda Motor stock traded up $0.07 on Tuesday, hitting $30.12. 117,260 shares of the company traded hands, compared to its average volume of 1,217,994. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.37. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The company has a market cap of $47.01 billion, a P/E ratio of 7.00 and a beta of 0.61. The firm's 50-day simple moving average is $28.43 and its 200 day simple moving average is $28.80.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The business had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. Analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

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.