Pictet Asset Management Ltd. Acquires 4,300 Shares of Autohome Inc. (ATHM)

Pictet Asset Management Ltd. lifted its position in Autohome Inc. (NYSE:ATHM) by 5.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,500 shares of the information services provider’s stock after purchasing an additional 4,300 shares during the period. Pictet Asset Management Ltd. owned about 0.07% of Autohome worth $4,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Autohome in the second quarter worth $517,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of Autohome in the second quarter worth $110,000. Alta Advisers Ltd purchased a new stake in shares of Autohome in the second quarter worth $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Autohome in the second quarter worth $213,000. Finally, M&T Bank Corp purchased a new stake in shares of Autohome in the second quarter worth $245,000. 40.37% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on ATHM. Benchmark Co. raised their target price on shares of Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank AG raised their target price on shares of Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub cut shares of Autohome from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 30th. Finally, Credit Suisse Group began coverage on shares of Autohome in a research note on Tuesday, October 3rd. They set an “outperform” rating and a $70.80 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $66.56.

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Autohome Inc. (NYSE ATHM) opened at $61.50 on Friday. The firm has a market cap of $7,266.96, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.53 and a beta of 2.12. Autohome Inc. has a 52 week low of $22.07 and a 52 week high of $67.69.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. Autohome had a net margin of 25.52% and a return on equity of 23.48%. The business had revenue of $230.40 million during the quarter, compared to analysts’ expectations of $209.49 million. During the same period last year, the company posted $0.51 EPS. The business’s revenue was up 11.1% on a year-over-year basis. analysts predict that Autohome Inc. will post 2.14 EPS for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, January 3rd.

Autohome 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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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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