Investec Asset Management North America Inc. lifted its holdings in shares of Autohome Inc. (NYSE:ATHM) by 26.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 207,563 shares of the information services provider’s stock after purchasing an additional 43,963 shares during the quarter. Investec Asset Management North America Inc. owned about 0.18% of Autohome worth $9,415,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of ATHM. NN Investment Partners Holdings N.V. purchased a new position in shares of Autohome in the 2nd quarter worth $110,000. Alta Advisers Ltd purchased a new position in shares of Autohome in the 2nd quarter worth $114,000. Acadian Asset Management LLC purchased a new position in shares of Autohome in the 1st quarter worth $154,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Autohome in the 2nd quarter worth $213,000. Finally, RGT Capital Management Ltd. purchased a new position in shares of Autohome in the 1st quarter worth $245,000. Institutional investors and hedge funds own 40.15% of the company’s stock.
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ATHM has been the topic of several research reports. Zacks Investment Research lowered Autohome from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Benchmark Co. raised Autohome from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Thursday, August 10th. Deutsche Bank AG raised Autohome from a “hold” rating to a “buy” rating and raised their price objective for the company from $36.00 to $65.00 in a research report on Thursday, August 10th. ValuEngine lowered Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, UBS AG lowered Autohome from a “neutral” rating to a “sell” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $56.50.
Autohome Inc. (ATHM) traded up 0.89% on Friday, reaching $65.83. The company’s stock had a trading volume of 1,411,092 shares. Autohome Inc. has a 1-year low of $22.07 and a 1-year high of $67.69. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 34.65 and a beta of 2.19. The stock has a 50 day moving average price of $60.58 and a 200-day moving average price of $44.37.
Autohome (NYSE:ATHM) last issued its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.14. The firm had revenue of $230.40 million during the quarter, compared to analysts’ expectations of $209.49 million. Autohome had a net margin of 23.17% and a return on equity of 22.64%. Autohome’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. Equities analysts predict that Autohome Inc. will post $2.52 earnings per share for the current fiscal year.
Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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