RGT Capital Management Ltd. acquired a new position in shares of Autohome Inc. (NYSE:ATHM) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,721 shares of the information services provider’s stock, valued at approximately $245,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of ATHM. Investec Asset Management LTD acquired a new stake in shares of Autohome during the first quarter valued at $52,283,000. Macquarie Group Ltd. purchased a new stake in Autohome during the fourth quarter worth approximately $40,810,000. William Blair Investment Management LLC purchased a new stake in Autohome during the first quarter worth approximately $23,900,000. Henderson Group PLC bought a new position in shares of Autohome during the first quarter worth about $15,439,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Autohome by 7.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,043,201 shares of the information services provider’s stock worth $223,762,000 after buying an additional 485,755 shares during the last quarter. Institutional investors own 29.91% of the company’s stock.
Autohome Inc. (NYSE ATHM) traded down 0.11% on Tuesday, hitting $45.00. The stock had a trading volume of 439,342 shares. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 27.16 and a beta of 2.24. The company’s 50 day moving average is $41.01 and its 200-day moving average is $33.42. Autohome Inc. has a 1-year low of $19.32 and a 1-year high of $46.48.
Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, May 10th. The information services provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.12. The company had revenue of $195.90 million for the quarter, compared to analysts’ expectations of $189.69 million. Autohome had a net margin of 21.10% and a return on equity of 21.42%. Autohome’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. On average, analysts forecast that Autohome Inc. will post $2.08 EPS for the current year.
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A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Autohome from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a report on Monday, March 6th. Deutsche Bank AG cut Autohome from a “buy” rating to a “hold” rating and lifted their price objective for the company from $35.00 to $36.00 in a research report on Monday, March 6th. TheStreet raised Autohome from a “c+” rating to a “b-” rating in a research report on Friday, February 24th. Benchmark Co. initiated coverage on Autohome in a research report on Tuesday, April 18th. They set a “hold” rating for the company. Finally, HSBC Holdings plc restated a “buy” rating and set a $45.00 price target (up from $36.00) on shares of Autohome in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Autohome presently has an average rating of “Hold” and a consensus price target of $33.20.
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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