UBS Group AG lowered its stake in Autohome Inc (NYSE:ATHM) by 3.1% during the first quarter, HoldingsChannel.com reports. The firm owned 81,077 shares of the information services provider’s stock after selling 2,582 shares during the period. UBS Group AG’s holdings in Autohome were worth $6,969,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Karst Peak Capital Ltd bought a new stake in shares of Autohome in the 4th quarter valued at $69,231,000. Macquarie Group Ltd. increased its position in shares of Autohome by 101.3% in the 4th quarter. Macquarie Group Ltd. now owns 1,465,144 shares of the information services provider’s stock valued at $76,836,000 after buying an additional 737,336 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Autohome by 415.8% in the 1st quarter. Hsbc Holdings PLC now owns 716,489 shares of the information services provider’s stock valued at $61,576,000 after buying an additional 577,590 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Autohome by 53.2% in the 4th quarter. Renaissance Technologies LLC now owns 646,200 shares of the information services provider’s stock valued at $41,790,000 after buying an additional 224,400 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Autohome by 145.7% in the 1st quarter. Prudential Financial Inc. now owns 319,600 shares of the information services provider’s stock valued at $27,467,000 after buying an additional 189,500 shares in the last quarter. 40.83% of the stock is currently owned by institutional investors.
A number of research firms recently commented on ATHM. ValuEngine upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research report on Wednesday, June 6th. Zacks Investment Research cut shares of Autohome from a “buy” rating to a “sell” rating in a research report on Friday, May 11th. Finally, Bank of America upgraded shares of Autohome to a “buy” rating in a research report on Wednesday, May 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $83.36.
Autohome opened at $100.74 on Tuesday, MarketBeat Ratings reports. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 0.81 and a beta of 2.16. Autohome Inc has a 1 year low of $44.34 and a 1 year high of $119.50.
Autohome (NYSE:ATHM) last released its earnings results on Tuesday, May 8th. The information services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. The firm had revenue of $205.30 million during the quarter, compared to analysts’ expectations of $195.43 million. Autohome had a return on equity of 26.49% and a net margin of 35.15%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. equities analysts forecast that Autohome Inc will post 3.72 earnings per share for the current year.
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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