Vontobel Asset Management Inc. Reduces Position in Autohome Inc (ATHM)

Vontobel Asset Management Inc. lowered its position in Autohome Inc (NYSE:ATHM) by 5.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,154,338 shares of the information services provider’s stock after selling 243,182 shares during the period. Autohome comprises 1.9% of Vontobel Asset Management Inc.’s investment portfolio, making the stock its 17th biggest position. Vontobel Asset Management Inc.’s holdings in Autohome were worth $271,855,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Autohome by 5.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,908,058 shares of the information services provider’s stock valued at $475,116,000 after purchasing an additional 396,818 shares during the last quarter. BlackRock Inc. grew its holdings in Autohome by 1,380.8% during the second quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock valued at $202,938,000 after purchasing an additional 4,171,817 shares during the last quarter. Investec Asset Management LTD grew its holdings in Autohome by 2.1% during the third quarter. Investec Asset Management LTD now owns 2,030,170 shares of the information services provider’s stock valued at $121,973,000 after purchasing an additional 41,061 shares during the last quarter. Prudential PLC grew its holdings in Autohome by 67.2% during the second quarter. Prudential PLC now owns 848,100 shares of the information services provider’s stock valued at $38,470,000 after purchasing an additional 340,900 shares during the last quarter. Finally, State Street Corp grew its holdings in Autohome by 1,384.9% during the second quarter. State Street Corp now owns 669,138 shares of the information services provider’s stock valued at $30,354,000 after purchasing an additional 624,076 shares during the last quarter. Hedge funds and other institutional investors own 38.84% of the company’s stock.

Several equities analysts have commented on ATHM shares. Citigroup started coverage on Autohome in a report on Tuesday, January 2nd. They set a “buy” rating and a $83.00 price target on the stock. Zacks Investment Research upgraded Autohome from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a report on Thursday, October 12th. BidaskClub upgraded Autohome from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Deutsche Bank increased their price target on Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Benchmark raised their price objective on shares of Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $68.97.

Shares of Autohome Inc (ATHM) traded up $1.03 during trading on Tuesday, hitting $77.92. 857,900 shares of the stock traded hands, compared to its average volume of 894,367. The firm has a market capitalization of $9,390.00, a P/E ratio of 34.33 and a beta of 2.06. Autohome Inc has a twelve month low of $27.75 and a twelve month high of $81.10.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.54 earnings per share (EPS) for the quarter. Autohome had a net margin of 25.52% and a return on equity of 23.48%. analysts expect that Autohome Inc will post 2.26 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd.

ILLEGAL ACTIVITY WARNING: “Vontobel Asset Management Inc. Reduces Position in Autohome Inc (ATHM)” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.com-unik.info/2018/01/16/vontobel-asset-management-inc-reduces-position-in-autohome-inc-athm.html.

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.

Want to see what other hedge funds are holding ATHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autohome Inc (NYSE:ATHM).

Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

Receive News & Ratings for Autohome Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autohome and related companies with MarketBeat.com's FREE daily email newsletter.

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