Bailard Inc. purchased a new position in Autohome Inc (NYSE:ATHM) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 5,000 shares of the information services provider’s stock, valued at approximately $387,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bridgewater Associates LP increased its position in Autohome by 19.4% in the 3rd quarter. Bridgewater Associates LP now owns 13,062 shares of the information services provider’s stock worth $1,011,000 after buying an additional 2,120 shares during the period. Baillie Gifford & Co. increased its position in shares of Autohome by 0.6% during the third quarter. Baillie Gifford & Co. now owns 3,374,030 shares of the information services provider’s stock valued at $261,184,000 after purchasing an additional 20,050 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Autohome by 31.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,746 shares of the information services provider’s stock valued at $1,842,000 after purchasing an additional 5,744 shares during the period. Stevens Capital Management LP bought a new stake in shares of Autohome during the third quarter valued at approximately $296,000. Finally, Standard Life Aberdeen plc increased its position in shares of Autohome by 208.2% during the third quarter. Standard Life Aberdeen plc now owns 5,630,270 shares of the information services provider’s stock valued at $435,840,000 after purchasing an additional 3,803,567 shares during the period. 51.26% of the stock is currently owned by institutional investors.
ATHM opened at $86.69 on Monday. The company has a market cap of $10.24 billion, a PE ratio of 32.96 and a beta of 1.89. Autohome Inc has a 1 year low of $56.26 and a 1 year high of $119.50.
Autohome (NYSE:ATHM) last released its quarterly earnings data on Monday, November 12th. The information services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $275.00 million for the quarter, compared to analysts’ expectations of $269.16 million. Autohome had a return on equity of 29.35% and a net margin of 38.08%. Autohome’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. On average, analysts predict that Autohome Inc will post 3.35 EPS for the current year.
ATHM has been the topic of a number of research reports. ValuEngine upgraded Autohome from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research upgraded Autohome from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Wednesday, October 31st. CLSA set a $95.00 price objective on Autohome and gave the company a “buy” rating in a research report on Tuesday, October 16th. Benchmark lowered their price objective on Autohome from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, November 13th. Finally, JPMorgan Chase & Co. initiated coverage on Autohome in a research report on Wednesday, August 29th. They set a “hold” rating and a $80.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $86.89.
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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, 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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