Macquarie Group Ltd. boosted its holdings in Autohome (NYSE:ATHM) by 101.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,465,144 shares of the information services provider’s stock after buying an additional 737,336 shares during the quarter. Macquarie Group Ltd. owned approximately 1.24% of Autohome worth $76,836,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in shares of Autohome by 100.4% during the third quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock worth $110,000 after acquiring an additional 915 shares during the last quarter. Suntrust Banks Inc. bought a new stake in Autohome in the fourth quarter worth approximately $216,000. Cornerstone Wealth Management LLC bought a new stake in Autohome in the fourth quarter worth approximately $224,000. Virginia Retirement Systems ET AL bought a new stake in Autohome in the third quarter worth approximately $246,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Autohome during the third quarter valued at approximately $247,000. 40.81% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on ATHM shares. Zacks Investment Research raised Autohome from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Thursday, December 14th. ValuEngine raised Autohome from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Citigroup started coverage on Autohome in a research report on Tuesday, January 2nd. They set a “buy” rating and a $83.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $73.97.
ATHM stock traded up $0.73 during trading on Friday, hitting $88.21. 725,744 shares of the company traded hands, compared to its average volume of 845,351. Autohome has a 1 year low of $28.63 and a 1 year high of $92.65. The stock has a market capitalization of $10,423.07, a PE ratio of 33.54 and a beta of 2.13.
Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, March 7th. The information services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. Autohome had a return on equity of 25.51% and a net margin of 32.35%. The business had revenue of $269.20 million during the quarter, compared to analysts’ expectations of $266.37 million. During the same quarter last year, the business posted $0.55 EPS. The business’s revenue was down 7.2% on a year-over-year basis. research analysts anticipate that Autohome will post 3.41 EPS for the current fiscal year.
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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, include automobile-related articles and reviews, pricing trends in various local markets, and photos and video clips; automobile library, which includes a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other unique features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user forums and user generated content.
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