Sheets Smith Wealth Management acquired a new stake in Autohome Inc (NYSE:ATHM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,331 shares of the information services provider’s stock, valued at approximately $345,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATHM. BlackRock Inc. increased its holdings in shares of Autohome by 1,380.8% in the second quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after acquiring an additional 4,171,817 shares in the last quarter. State Street Corp grew its holdings in shares of Autohome by 1,384.9% during the second quarter. State Street Corp now owns 669,138 shares of the information services provider’s stock worth $30,354,000 after buying an additional 624,076 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Autohome by 5.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,908,058 shares of the information services provider’s stock worth $475,116,000 after buying an additional 396,818 shares in the last quarter. Vanguard Group Inc. bought a new position in shares of Autohome during the second quarter worth about $16,274,000. Finally, Investec Asset Management LTD grew its holdings in shares of Autohome by 20.9% during the second quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock worth $90,226,000 after buying an additional 343,427 shares in the last quarter. Institutional investors and hedge funds own 38.84% of the company’s stock.
Autohome Inc (NYSE ATHM) opened at $82.57 on Friday. Autohome Inc has a 52 week low of $28.63 and a 52 week high of $84.59. The company has a market capitalization of $9,721.21, a price-to-earnings ratio of 39.74 and a beta of 2.06.
Autohome (NYSE:ATHM) last issued its quarterly earnings results on Tuesday, November 7th. The information services provider reported $0.54 earnings per share (EPS) for the quarter. Autohome had a return on equity of 23.48% and a net margin of 25.52%. equities analysts forecast that Autohome Inc will post 2.26 earnings per share for the current year.
The firm also recently declared a special dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, January 3rd.
ATHM has been the subject of several recent research reports. Citigroup initiated coverage on Autohome in a research report on Tuesday, January 2nd. They set a “buy” rating and a $83.00 price target for the company. Zacks Investment Research raised Autohome from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Thursday, December 14th. Benchmark raised their price objective on Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank raised their price objective on Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded Autohome from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $68.97.
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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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