Legal & General Group Plc continued to hold its stake in shares of Autohome Inc. (NYSE:ATHM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the information services provider’s stock at the end of the first quarter. Legal & General Group Plc’s holdings in Autohome were worth $318,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in shares of Autohome during the first quarter valued at about $154,000. Quantbot Technologies LP bought a new stake in shares of Autohome during the first quarter valued at about $272,000. Bank of New York Mellon Corp bought a new stake in shares of Autohome during the first quarter valued at about $292,000. Penserra Capital Management LLC boosted its stake in shares of Autohome by 128.7% in the first quarter. Penserra Capital Management LLC now owns 24,517 shares of the information services provider’s stock valued at $778,000 after buying an additional 13,797 shares during the last quarter. Finally, Quantitative Investment Management LLC boosted its stake in shares of Autohome by 132.5% in the first quarter. Quantitative Investment Management LLC now owns 27,200 shares of the information services provider’s stock valued at $864,000 after buying an additional 15,500 shares during the last quarter. Institutional investors own 34.15% of the company’s stock.
Autohome Inc. (NYSE:ATHM) traded down 0.293% during trading on Tuesday, hitting $49.355. The stock had a trading volume of 266,911 shares. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 29.607 and a beta of 2.25. Autohome Inc. has a one year low of $21.90 and a one year high of $50.05. The stock’s 50-day moving average is $46.40 and its 200 day moving average is $37.70.
Autohome (NYSE:ATHM) last posted its quarterly earnings results on Wednesday, May 10th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.12. The firm had revenue of $195.90 million during the quarter, compared to the consensus estimate of $189.69 million. Autohome had a return on equity of 21.42% and a net margin of 21.10%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. Equities analysts anticipate that Autohome Inc. will post $2.12 earnings per share for the current year.
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A number of equities analysts have recently weighed in on ATHM shares. Zacks Investment Research upgraded Autohome from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Monday, July 10th. HSBC Holdings plc reiterated a “buy” rating and set a $45.00 price target (up from $36.00) on shares of Autohome in a report on Monday, May 15th. Benchmark Co. started coverage on Autohome in a report on Tuesday, April 18th. They set a “hold” rating for the company. Finally, UBS AG cut Autohome from a “neutral” rating to a “sell” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Autohome presently has a consensus rating of “Hold” and an average target price 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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