KEYWISE CAPITAL MANAGEMENT Ltd Sells 141,600 Shares of Autohome Inc. (NYSE:ATHM)

KEYWISE CAPITAL MANAGEMENT Ltd cut its stake in shares of Autohome Inc. (NYSE:ATHM) by 52.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,100 shares of the information services provider’s stock after selling 141,600 shares during the period. Autohome comprises approximately 3.2% of KEYWISE CAPITAL MANAGEMENT Ltd’s holdings, making the stock its 8th largest position. KEYWISE CAPITAL MANAGEMENT Ltd owned 0.11% of Autohome worth $5,901,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in ATHM. NN Investment Partners Holdings N.V. purchased a new position in Autohome during the second quarter valued at $110,000. Acadian Asset Management LLC bought a new stake in shares of Autohome during the first quarter valued at approximately $154,000. RGT Capital Management Ltd. bought a new stake in shares of Autohome during the first quarter valued at approximately $245,000. Quantbot Technologies LP bought a new stake in shares of Autohome during the first quarter valued at approximately $272,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Autohome during the second quarter valued at approximately $277,000. 34.48% of the stock is currently owned by institutional investors and hedge funds.

Autohome Inc. (NYSE ATHM) opened at 64.41 on Friday. Autohome Inc. has a 12 month low of $21.90 and a 12 month high of $65.97. The stock has a 50 day moving average price of $50.70 and a 200 day moving average price of $39.98. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 33.86 and a beta of 2.25.

Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.14. The business had revenue of $230.40 million during the quarter, compared to analysts’ expectations of $209.49 million. Autohome had a return on equity of 22.64% and a net margin of 23.17%. Autohome’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. On average, equities analysts expect that Autohome Inc. will post $2.46 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.com-unik.info/2017/08/19/keywise-capital-management-ltd-reduces-stake-in-autohome-inc-nyseathm-updated-updated.html.

Several equities research analysts recently commented on the company. Benchmark Co. upgraded Autohome from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Thursday, August 10th. Deutsche Bank AG upgraded Autohome from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $65.00 in a report on Thursday, August 10th. ValuEngine downgraded Autohome from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Autohome from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Monday, July 10th. Finally, UBS AG downgraded Autohome from a “neutral” rating to a “sell” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.20.

Autohome Company Profile

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.

Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

What are top analysts saying about Autohome Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Autohome Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit