SG Americas Securities LLC Raises Stock Holdings in Autohome Inc. $ATHM

SG Americas Securities LLC boosted its holdings in shares of Autohome Inc. (NYSE:ATHM) by 210.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 56,595 shares of the information services provider’s stock after purchasing an additional 38,341 shares during the period. SG Americas Securities LLC’s holdings in Autohome were worth $1,260,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ATHM. Raymond James Financial Inc. purchased a new position in Autohome during the second quarter worth approximately $29,000. Guinness Asset Management LTD boosted its position in Autohome by 20.9% during the third quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock worth $79,000 after purchasing an additional 469 shares in the last quarter. Parallel Advisors LLC boosted its position in Autohome by 30.5% during the third quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock worth $82,000 after purchasing an additional 674 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Autohome by 141.7% during the third quarter. PNC Financial Services Group Inc. now owns 3,222 shares of the information services provider’s stock worth $92,000 after purchasing an additional 1,889 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new position in Autohome during the third quarter worth approximately $106,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Price Performance

Shares of Autohome stock opened at $17.52 on Wednesday. The business has a 50 day simple moving average of $19.52 and a two-hundred day simple moving average of $22.95. Autohome Inc. has a 12 month low of $16.74 and a 12 month high of $29.92. The stock has a market capitalization of $2.05 billion, a P/E ratio of 10.68 and a beta of 0.20.

Autohome (NYSE:ATHM) last announced its earnings results on Sunday, February 15th. The information services provider reported $0.09 EPS for the quarter. Autohome had a return on equity of 5.94% and a net margin of 21.43%.The business had revenue of $208.96 million during the quarter. As a group, research analysts anticipate that Autohome Inc. will post 1.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Zacks Research cut Autohome from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Autohome in a report on Monday, December 29th. Finally, Benchmark reissued a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $28.00.

Autohome Profile

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.