KEYWISE CAPITAL MANAGEMENT Ltd decreased its stake in Autohome Inc. (NYSE:ATHM) by 52.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 130,100 shares of the information services provider’s stock after selling 141,600 shares during the period. Autohome accounts for approximately 3.2% of KEYWISE CAPITAL MANAGEMENT Ltd’s holdings, making the stock its 8th largest position. KEYWISE CAPITAL MANAGEMENT Ltd owned about 0.11% of Autohome worth $5,901,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD purchased a new position in Autohome during the second quarter worth $2,361,000. Shell Asset Management Co. purchased a new position in Autohome during the second quarter worth $2,089,000. Meritage Portfolio Management purchased a new position in Autohome during the second quarter worth $4,824,000. Acadian Asset Management LLC boosted its position in Autohome by 11,397.3% in the second quarter. Acadian Asset Management LLC now owns 555,550 shares of the information services provider’s stock worth $25,199,000 after buying an additional 550,718 shares during the period. Finally, Parametrica Management Ltd purchased a new position in Autohome during the second quarter worth $304,000. Institutional investors and hedge funds own 34.15% of the company’s stock.
Shares of Autohome Inc. (NYSE ATHM) traded up 8.96% during mid-day trading on Friday, reaching $61.52. 3,129,688 shares of the company’s stock traded hands. Autohome Inc. has a 12-month low of $21.90 and a 12-month high of $62.20. The company’s 50 day moving average is $47.59 and its 200 day moving average is $38.58. The company has a market cap of $7.14 billion, a P/E ratio of 32.55 and a beta of 2.25.
Autohome (NYSE:ATHM) last posted its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.14. The firm had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. Autohome had a net margin of 23.17% and a return on equity of 23.55%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. On average, analysts predict that Autohome Inc. will post $2.33 EPS for the current fiscal year.
A number of research firms recently weighed in on ATHM. Benchmark Co. upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Thursday. Deutsche Bank AG upgraded shares of Autohome from a “hold” rating to a “buy” rating and lifted their target price for the company from $36.00 to $65.00 in a research note on Thursday. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Monday, July 10th. Finally, UBS AG cut shares of Autohome from a “neutral” rating to a “sell” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Autohome currently has an average rating of “Buy” and a consensus price target of $50.20.
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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