AMP Capital Investors Ltd increased its position in shares of Autohome Inc (NYSE:ATHM) by 3.6% in the second quarter, HoldingsChannel reports. The firm owned 50,537 shares of the information services provider’s stock after acquiring an additional 1,759 shares during the quarter. AMP Capital Investors Ltd’s holdings in Autohome were worth $5,104,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. acquired a new position in shares of Autohome during the first quarter worth $203,000. Royal Bank of Canada grew its stake in shares of Autohome by 182.5% during the first quarter. Royal Bank of Canada now owns 2,706 shares of the information services provider’s stock worth $232,000 after purchasing an additional 1,748 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Autohome during the second quarter worth $252,000. Crossmark Global Holdings Inc. acquired a new position in shares of Autohome during the second quarter worth $261,000. Finally, Lido Advisors LLC acquired a new position in shares of Autohome during the first quarter worth $265,000. Hedge funds and other institutional investors own 44.48% of the company’s stock.
NYSE ATHM opened at $77.35 on Friday. Autohome Inc has a 1 year low of $52.93 and a 1 year high of $119.50. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 29.41 and a beta of 1.96.
Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.03. Autohome had a net margin of 36.15% and a return on equity of 27.64%. The company had revenue of $282.43 million during the quarter. equities research analysts forecast that Autohome Inc will post 3.4 EPS for the current fiscal year.
A number of brokerages recently commented on ATHM. ValuEngine downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. JPMorgan Chase & Co. started coverage on shares of Autohome in a research note on Wednesday, August 29th. They issued a “hold” rating and a $80.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Autohome from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Autohome has an average rating of “Buy” and an average target price of $83.47.
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.
Read More: How Do Tariffs Affect Trade Balances?
Want to see what other hedge funds are holding ATHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autohome Inc (NYSE:ATHM).
Receive News & Ratings for Autohome Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autohome and related companies with MarketBeat.com's FREE daily email newsletter.