Candriam Luxembourg S.C.A. lowered its stake in Autohome Inc. (NYSE:ATHM) by 46.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,000 shares of the information services provider’s stock after selling 201,000 shares during the period. Candriam Luxembourg S.C.A. owned about 0.20% of Autohome worth $10,524,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. NN Investment Partners Holdings N.V. purchased a new stake in Autohome during the second quarter worth $110,000. Acadian Asset Management LLC purchased a new stake in Autohome during the first quarter worth $154,000. RGT Capital Management Ltd. purchased a new stake in Autohome during the first quarter worth $245,000. Quantbot Technologies LP purchased a new stake in Autohome during the first quarter worth $272,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in Autohome during the second quarter worth $277,000. Institutional investors and hedge funds own 34.48% of the company’s stock.
Shares of Autohome Inc. (ATHM) traded down 0.11% during midday trading on Tuesday, hitting $62.68. The stock had a trading volume of 1,247,425 shares. The stock has a market cap of $7.27 billion, a PE ratio of 33.16 and a beta of 2.25. The stock has a 50-day moving average of $48.53 and a 200 day moving average of $39.15. Autohome Inc. has a 52 week low of $21.90 and a 52 week high of $63.18.
Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. The company had revenue of $230.40 million for the quarter, compared to analysts’ expectations of $209.49 million. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. Analysts anticipate that Autohome Inc. will post $2.33 EPS for the current fiscal year.
A number of equities research analysts have weighed in on ATHM shares. HSBC Holdings plc restated a “buy” rating and issued a $45.00 target price (up from $36.00) on shares of Autohome in a research report on Monday, May 15th. Zacks Investment Research downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Benchmark Co. started coverage on Autohome in a research report on Tuesday, April 18th. They issued a “hold” rating for the company. Deutsche Bank AG upgraded Autohome from a “hold” rating to a “buy” rating and upped their target price for the stock from $36.00 to $65.00 in a research report on Thursday, August 10th. Finally, ValuEngine downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $50.20.
About Autohome
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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