Investors Buy High Volume of Honda Motor Call Options (NYSE:HMC)

Honda Motor Co., Ltd. (NYSE:HMC) was the target of unusually large options trading activity on Friday. Stock traders bought 5,607 call options on the stock. This represents an increase of approximately 880% compared to the typical volume of 572 call options.

Separately, Zacks Investment Research lowered shares of Honda Motor from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research report on Thursday, April 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.00.

Shares of HMC opened at $30.25 on Friday. The firm has a 50-day moving average price of $30.26 and a 200 day moving average price of $28.84. The firm has a market capitalization of $52.23 billion, a PE ratio of 22.92, a P/E/G ratio of 0.59 and a beta of 0.92. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 0.55. Honda Motor has a 52-week low of $22.69 and a 52-week high of $31.92.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Crescent Capital Consulting LLC bought a new position in Honda Motor in the 4th quarter valued at about $25,000. Pinnacle Bancorp Inc. bought a new position in Honda Motor in the 1st quarter valued at about $25,000. Bessemer Group Inc. bought a new position in Honda Motor in the 1st quarter valued at about $28,000. HM Payson & Co. bought a new position in Honda Motor in the 4th quarter valued at about $34,000. Finally, Ellevest Inc. grew its position in Honda Motor by 109.8% in the 4th quarter. Ellevest Inc. now owns 1,578 shares of the company’s stock valued at $45,000 after buying an additional 826 shares in the last quarter. Hedge funds and other institutional investors own 2.37% of the company’s stock.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life creation and Other Businesses.

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