River & Mercantile Asset Management LLP trimmed its position in Autohome Inc (NYSE:ATHM) by 39.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,900 shares of the information services provider’s stock after selling 21,100 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Autohome were worth $2,469,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in ATHM. Signaturefd LLC raised its holdings in shares of Autohome by 209.0% during the 2nd quarter. Signaturefd LLC now owns 1,128 shares of the information services provider’s stock valued at $114,000 after buying an additional 763 shares during the period. Fortis Advisors LLC purchased a new stake in shares of Autohome during the 2nd quarter valued at about $126,000. Guinness Asset Management Ltd raised its holdings in shares of Autohome by 1,109.1% during the 2nd quarter. Guinness Asset Management Ltd now owns 1,330 shares of the information services provider’s stock valued at $134,000 after buying an additional 1,220 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Autohome during the 2nd quarter valued at about $178,000. Finally, Epoch Investment Partners Inc. purchased a new stake in shares of Autohome during the 2nd quarter valued at about $200,000. Institutional investors own 51.26% of the company’s stock.
ATHM stock opened at $86.69 on Friday. Autohome Inc has a 52-week low of $56.26 and a 52-week high of $119.50. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 32.96 and a beta of 1.89.
Autohome (NYSE:ATHM) last posted its quarterly earnings data on Monday, November 12th. The information services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.06. Autohome had a return on equity of 29.35% and a net margin of 38.08%. The company had revenue of $275.00 million for the quarter, compared to the consensus estimate of $269.16 million. During the same period in the previous year, the business earned $0.61 EPS. Autohome’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities analysts anticipate that Autohome Inc will post 3.35 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the company. Macquarie assumed coverage on Autohome in a report on Monday, December 3rd. They set an “outperform” rating and a $82.34 target price on the stock. JPMorgan Chase & Co. assumed coverage on Autohome in a report on Wednesday, August 29th. They set a “hold” rating and a $80.00 target price on the stock. ValuEngine upgraded Autohome from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Zacks Investment Research upgraded Autohome from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Wednesday, October 31st. Finally, Benchmark dropped their target price on Autohome from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, November 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Autohome presently has a consensus rating of “Buy” and an average target price of $86.89.
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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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