Autohome Inc. (NYSE:ATHM) Position Decreased by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. reduced its position in shares of Autohome Inc. (NYSE:ATHM) by 46.4% during the second quarter, Holdings Channel reports. The institutional investor owned 232,000 shares of the information services provider’s stock after selling 201,000 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Autohome were worth $10,524,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vontobel Asset Management Inc. raised its position in Autohome by 2,290.1% in the second quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock worth $206,105,000 after buying an additional 4,283,910 shares in the last quarter. Investec Asset Management LTD purchased a new position in Autohome during the first quarter worth approximately $52,283,000. William Blair Investment Management LLC purchased a new position in Autohome during the first quarter worth approximately $23,900,000. Acadian Asset Management LLC raised its position in Autohome by 11,397.3% in the second quarter. Acadian Asset Management LLC now owns 555,550 shares of the information services provider’s stock worth $25,199,000 after buying an additional 550,718 shares in the last quarter. Finally, Henderson Group PLC purchased a new position in Autohome during the first quarter worth approximately $15,439,000. 34.30% of the stock is currently owned by institutional investors.

Autohome Inc. (ATHM) opened at 47.82 on Friday. The stock has a 50 day moving average of $46.40 and a 200-day moving average of $37.70. Autohome Inc. has a 52-week low of $21.42 and a 52-week high of $49.59. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 28.69 and a beta of 2.25.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.12. Autohome had a return on equity of 21.42% and a net margin of 21.10%. The company had revenue of $195.90 million for the quarter, compared to analysts’ expectations of $189.69 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue was up 15.3% compared to the same quarter last year. On average, analysts forecast that Autohome Inc. will post $2.12 EPS for the current year.

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A number of equities analysts have recently commented on ATHM shares. HSBC Holdings plc reissued a “buy” rating and issued a $45.00 price target (up previously from $36.00) on shares of Autohome in a research report on Monday, May 15th. Benchmark Co. started coverage on shares of Autohome in a research report on Tuesday, April 18th. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, UBS AG lowered shares of Autohome from a “neutral” rating to a “sell” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $39.25.

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.

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