Asset Management One Co. Ltd. raised its stake in Autohome Inc (NYSE:ATHM) by 12.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,477 shares of the information services provider’s stock after buying an additional 7,965 shares during the period. Asset Management One Co. Ltd. owned 0.06% of Autohome worth $6,229,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. acquired a new stake in Autohome in the first quarter valued at approximately $203,000. Cornerstone Wealth Management LLC acquired a new position in shares of Autohome during the fourth quarter worth $224,000. Lido Advisors LLC acquired a new position in shares of Autohome during the first quarter worth $265,000. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in shares of Autohome during the fourth quarter worth $200,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Autohome during the first quarter worth $274,000. Hedge funds and other institutional investors own 40.83% of the company’s stock.
A number of equities analysts have recently commented on ATHM shares. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Monday, March 12th. ValuEngine upgraded shares of Autohome from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Finally, Bank of America upgraded shares of Autohome to a “buy” rating in a report on Wednesday, May 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Autohome currently has a consensus rating of “Buy” and a consensus price target of $83.36.
Autohome (NYSE:ATHM) last issued its quarterly earnings results on Tuesday, May 8th. The information services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $205.30 million for the quarter, compared to analyst estimates of $195.43 million. Autohome had a net margin of 35.15% and a return on equity of 26.49%. Autohome’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. research analysts forecast that Autohome Inc will post 3.72 EPS for the current year.
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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