Y Intercept Hong Kong Ltd Purchases Shares of 46,570 Toyota Motor Corporation $TM

Y Intercept Hong Kong Ltd acquired a new stake in Toyota Motor Corporation (NYSE:TM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 46,570 shares of the company’s stock, valued at approximately $9,598,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. DeDora Capital Inc. raised its holdings in Toyota Motor by 2.1% in the fourth quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock valued at $458,000 after acquiring an additional 45 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in Toyota Motor by 3.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,468 shares of the company’s stock worth $314,000 after acquiring an additional 45 shares in the last quarter. Independence Bank of Kentucky increased its position in shares of Toyota Motor by 18.4% in the 4th quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock valued at $63,000 after purchasing an additional 46 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of Toyota Motor by 37.8% in the 4th 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 last quarter. Finally, J2 Capital Management Inc raised its holdings in shares of Toyota Motor by 2.4% in the 4th quarter. J2 Capital Management Inc now owns 2,125 shares of the company’s stock valued at $455,000 after purchasing an additional 50 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Toyota Motor Price Performance

Shares of TM opened at $174.53 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. Toyota Motor Corporation has a 1-year low of $166.10 and a 1-year high of $248.90. The stock has a market cap of $227.47 billion, a PE ratio of 8.91 and a beta of 0.58. The firm has a fifty day moving average price of $182.06 and a 200 day moving average price of $208.02.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The company had revenue of $76.81 billion for the quarter. As a group, sell-side analysts anticipate that Toyota Motor Corporation will post 20.8 EPS for the current year.

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.