Korea Investment CORP purchased a new stake in Autohome Inc. (NYSE:ATHM) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 81,400 shares of the information services provider’s stock, valued at approximately $3,692,000. Korea Investment CORP owned about 0.07% of Autohome at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of ATHM. TB Alternative Assets Ltd. acquired a new stake in shares of Autohome during the first quarter valued at approximately $1,347,000. Candriam Luxembourg S.C.A. boosted its stake in shares of Autohome by 415.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 433,000 shares of the information services provider’s stock valued at $13,757,000 after buying an additional 349,000 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Autohome during the first quarter valued at approximately $154,000. Russell Investments Group Ltd. boosted its stake in shares of Autohome by 16.6% in the first quarter. Russell Investments Group Ltd. now owns 147,784 shares of the information services provider’s stock valued at $4,695,000 after buying an additional 21,030 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Autohome by 22.5% in the first quarter. Wells Fargo & Company MN now owns 1,581,317 shares of the information services provider’s stock valued at $50,239,000 after buying an additional 290,046 shares during the period. 34.15% of the stock is currently owned by hedge funds and other institutional investors.
Autohome Inc. (ATHM) opened at 61.52 on Friday. The firm has a 50-day moving average of $48.04 and a 200 day moving average of $38.81. The company has a market capitalization of $7.14 billion, a PE ratio of 32.55 and a beta of 2.25. Autohome Inc. has a 12-month low of $21.90 and a 12-month high of $62.20.
Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.51 by $0.14. The business had revenue of $230.40 million for the quarter, compared to analyst estimates of $209.49 million. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Analysts forecast that Autohome Inc. will post $2.33 EPS for the current fiscal year.
ATHM has been the topic of several analyst reports. Benchmark Co. initiated coverage on shares of Autohome in a research report on Tuesday, April 18th. They set a “hold” rating on the stock. Zacks Investment Research cut shares of Autohome from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. HSBC Holdings plc reissued a “buy” rating and set a $45.00 price target (up from $36.00) on shares of Autohome in a research report on Monday, May 15th. UBS AG cut shares of Autohome from a “neutral” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $50.20.
Autohome Company Profile
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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