Baillie Gifford & Co. Has $202.29 Million Holdings in Autohome Inc. (ATHM)

Baillie Gifford & Co. reduced its stake in shares of Autohome Inc. (NYSE:ATHM) by 6.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,366,959 shares of the information services provider’s stock after selling 250,779 shares during the period. Baillie Gifford & Co. owned approximately 2.90% of Autohome worth $202,287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATHM. Investec Asset Management LTD boosted its stake in shares of Autohome by 20.9% during the 2nd quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock worth $90,226,000 after acquiring an additional 343,427 shares in the last quarter. Andra AP fonden purchased a new stake in shares of Autohome during the 2nd quarter worth about $2,477,000. BlackRock Inc. boosted its stake in shares of Autohome by 1,380.8% during the 2nd quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after acquiring an additional 4,171,817 shares in the last quarter. Profund Advisors LLC purchased a new stake in shares of Autohome during the 2nd quarter worth about $264,000. Finally, Bank of Montreal Can boosted its stake in shares of Autohome by 520.9% during the 2nd quarter. Bank of Montreal Can now owns 35,607 shares of the information services provider’s stock worth $1,615,000 after acquiring an additional 29,872 shares in the last quarter. 40.32% of the stock is currently owned by institutional investors.

Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.14. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The company had revenue of $230.40 million for the quarter, compared to analyst estimates of $209.49 million. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year.

Several equities research analysts have recently issued reports on ATHM shares. BidaskClub lowered shares of Autohome from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Autohome from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Deutsche Bank AG raised shares of Autohome from a “hold” rating to a “buy” rating and increased their target price for the stock from $36.00 to $65.00 in a research note on Thursday, August 10th. Credit Suisse Group started coverage on shares of Autohome in a research note on Tuesday, October 3rd. They set an “outperform” rating and a $70.80 target price on the stock. Finally, Benchmark Co. raised 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, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $63.36.

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Autohome 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.

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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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