First Trust Advisors LP decreased its stake in shares of Autohome Inc. (NYSE:ATHM) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,369 shares of the information services provider’s stock after selling 4,864 shares during the quarter. First Trust Advisors LP’s holdings in Autohome were worth $1,922,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of ATHM. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Autohome during the 2nd quarter worth about $213,000. Global X Management Co. LLC boosted its position in shares of Autohome by 7.2% during the 2nd quarter. Global X Management Co. LLC now owns 10,625 shares of the information services provider’s stock worth $482,000 after acquiring an additional 714 shares in the last quarter. Pioneer Investment Management Inc. acquired a new position in shares of Autohome during the 2nd quarter worth about $2,420,000. Pictet Asset Management Ltd. acquired a new position in shares of Autohome during the 2nd quarter worth about $3,229,000. Finally, Korea Investment CORP acquired a new position in shares of Autohome during the 2nd quarter worth about $3,692,000. Institutional investors own 40.15% of the company’s stock.
Several research analysts have recently issued reports on ATHM shares. UBS AG cut Autohome from a “neutral” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research cut Autohome from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. ValuEngine cut Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Deutsche Bank AG raised Autohome from a “hold” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $65.00 in a research report on Thursday, August 10th. Finally, Benchmark Co. raised Autohome from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $56.50.
Shares of Autohome Inc. (ATHM) opened at 65.99 on Wednesday. The company has a 50 day moving average price of $58.52 and a 200-day moving average price of $43.58. Autohome Inc. has a 12 month low of $21.90 and a 12 month high of $67.69. The firm has a market capitalization of $7.66 billion, a PE ratio of 34.73 and a beta of 2.19.
Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.14. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The business had revenue of $230.40 million during the quarter, compared to analyst estimates of $209.49 million. During the same quarter in the previous year, the firm earned $0.51 EPS. Autohome’s revenue was up 11.1% on a year-over-year basis. Equities research analysts expect that Autohome Inc. will post $2.52 EPS for the current fiscal year.
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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