Atria Investments LLC reduced its position in shares of Autohome Inc (NYSE:ATHM) by 82.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,422 shares of the information services provider’s stock after selling 20,255 shares during the quarter. Atria Investments LLC’s holdings in Autohome were worth $500,000 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 business. Kavar Capital Partners LLC purchased a new stake in shares of Autohome during the 2nd quarter valued at about $70,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in shares of Autohome in the first quarter worth approximately $106,000. Daiwa Securities Group Inc. boosted its holdings in shares of Autohome by 52.1% in the first quarter. Daiwa Securities Group Inc. now owns 1,065 shares of the information services provider’s stock worth $112,000 after buying an additional 365 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in shares of Autohome in the second quarter worth approximately $95,000. Finally, SevenBridge Financial Group LLC boosted its holdings in shares of Autohome by 26.3% in the second quarter. SevenBridge Financial Group LLC now owns 1,192 shares of the information services provider’s stock worth $102,000 after buying an additional 248 shares during the last quarter. Institutional investors and hedge funds own 54.10% of the company’s stock.
Autohome stock traded up $0.35 during mid-day trading on Friday, hitting $98.77. The company had a trading volume of 85,532 shares, compared to its average volume of 650,028. Autohome Inc has a 12-month low of $61.43 and a 12-month high of $117.99. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.20 and a beta of 1.40. The company’s fifty day moving average is $83.86 and its 200-day moving average is $92.31.
Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 7th. The information services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $336.30 million during the quarter, compared to the consensus estimate of $331.00 million. Autohome had a return on equity of 29.47% and a net margin of 39.33%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. On average, sell-side analysts expect that Autohome Inc will post 3.97 earnings per share for the current fiscal year.
ATHM has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Autohome from a “sell” rating to a “hold” rating in a research note on Tuesday. Benchmark cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Macquarie set a $105.00 price objective on shares of Autohome and gave the stock a “buy” rating in a research note on Thursday, July 4th. Mizuho initiated coverage on shares of Autohome in a research note on Friday, September 6th. They set a “neutral” rating and a $84.10 price objective for the company. Finally, CLSA set a $120.00 target price on shares of Autohome and gave the company a “buy” rating in a research note on Monday, June 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $103.51.
Autohome Company Profile
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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