Handelsbanken Fonder AB lowered its stake in Autohome Inc (NYSE:ATHM) by 17.1% in the 1st quarter, HoldingsChannel reports. The fund owned 180,000 shares of the information services provider’s stock after selling 37,000 shares during the period. Handelsbanken Fonder AB’s holdings in Autohome were worth $15,469,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dixon Hubard Feinour & Brown Inc. VA purchased a new position in shares of Autohome during the fourth quarter valued at approximately $200,000. Liberty Mutual Group Asset Management Inc. bought a new stake in shares of Autohome during the first quarter valued at approximately $203,000. Suntrust Banks Inc. bought a new stake in shares of Autohome during the fourth quarter valued at approximately $216,000. Cornerstone Wealth Management LLC bought a new stake in shares of Autohome during the fourth quarter valued at approximately $224,000. Finally, Royal Bank of Canada raised 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 valued at $232,000 after acquiring an additional 1,748 shares in the last quarter. Institutional investors own 40.83% of the company’s stock.
ATHM has been the subject of several research analyst reports. ValuEngine downgraded shares of Autohome from a “hold” rating to a “sell” rating in a research note on Saturday, March 10th. Zacks Investment Research downgraded shares of Autohome from a “buy” rating to a “sell” rating in a research note on Friday, May 11th. Finally, Bank of America raised shares of Autohome to a “buy” rating in a research note on Wednesday, May 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Autohome has an average rating of “Buy” and a consensus price target of $83.36.
Autohome opened at $114.82 on Wednesday, Marketbeat.com reports. Autohome Inc has a fifty-two week low of $44.12 and a fifty-two week high of $119.50. The company has a market cap of $14.02 billion, a PE ratio of 43.66, a P/E/G ratio of 0.95 and a beta of 2.15.
Autohome (NYSE:ATHM) last issued its quarterly earnings data on Tuesday, May 8th. The information services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $205.30 million during the quarter, compared to the consensus estimate of $195.43 million. Autohome had a net margin of 35.15% and a return on equity of 26.49%. Autohome’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. sell-side analysts expect that Autohome Inc will post 3.72 EPS for the current fiscal year.
Autohome Company Profile
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.
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