Y Intercept Hong Kong Ltd Invests $9.60 Million in Toyota Motor Corporation $TM

Y Intercept Hong Kong Ltd purchased a new position in shares of Toyota Motor Corporation (NYSE:TM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 46,570 shares of the company’s stock, valued at approximately $9,598,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC raised its stake in Toyota Motor by 92.4% during the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after acquiring an additional 73 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Toyota Motor by 37.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after purchasing an additional 48 shares during the period. Larson Financial Group LLC raised its stake in shares of Toyota Motor by 302.1% during the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 142 shares during the last quarter. Activest Wealth Management raised its stake in shares of Toyota Motor by 10,000.0% during the fourth quarter. Activest Wealth Management now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in shares of Toyota Motor during the third quarter worth $49,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Price Performance

Shares of NYSE TM opened at $174.53 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. Toyota Motor Corporation has a one year low of $166.10 and a one year high of $248.90. The firm has a market capitalization of $227.47 billion, a P/E ratio of 8.91 and a beta of 0.58. The company’s fifty day moving average is $182.06 and its two-hundred day moving average is $208.02.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The business had revenue of $76.81 billion during the quarter. Analysts forecast that Toyota Motor Corporation will post 20.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TM. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Zacks Research cut shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Morgan Stanley assumed coverage on shares of Toyota Motor in a research note on Friday, May 1st. They set an “equal weight” rating on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Company Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.