Autohome Inc. (NYSE:ATHM) Shares Sold by Oldfield Partners LLP

Oldfield Partners LLP lowered its stake in shares of Autohome Inc. (NYSE:ATHM) by 29.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,100 shares of the information services provider’s stock after selling 101,200 shares during the quarter. Autohome makes up about 1.2% of Oldfield Partners LLP’s holdings, making the stock its 15th biggest position. Oldfield Partners LLP owned 0.19% of Autohome worth $6,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new stake in Autohome during the second quarter worth approximately $28,000. Parallel Advisors LLC raised its holdings in Autohome by 99.4% during the fourth quarter. Parallel Advisors LLC now owns 1,318 shares of the information services provider’s stock worth $37,000 after purchasing an additional 657 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Autohome by 88.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock worth $45,000 after purchasing an additional 800 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Autohome by 24.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock worth $123,000 after purchasing an additional 912 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Autohome by 93.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock worth $146,000 after purchasing an additional 2,614 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Trading Up 1.1 %

Shares of ATHM opened at $27.29 on Monday. The firm has a market cap of $3.31 billion, a PE ratio of 12.93 and a beta of 0.15. The company’s 50 day simple moving average is $25.19 and its 200-day simple moving average is $26.30. Autohome Inc. has a 12-month low of $21.89 and a 12-month high of $30.92.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $4.12. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm posted $0.59 EPS. Autohome’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Autohome Inc. will post 1.96 EPS for the current fiscal year.

Autohome declared that its board has authorized a share repurchase plan on Wednesday, September 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ATHM shares. Benchmark cut shares of Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Citigroup restated a “neutral” rating and set a $28.00 target price (down from $31.00) on shares of Autohome in a research report on Friday, July 19th.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.