First Republic Investment Management Inc. bought a new stake in Autohome Inc (NYSE:ATHM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,189 shares of the information services provider’s stock, valued at approximately $274,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Karst Peak Capital Ltd bought a new stake in shares of Autohome during the fourth quarter valued at approximately $69,231,000. Macquarie Group Ltd. grew its holdings in Autohome by 101.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,465,144 shares of the information services provider’s stock worth $76,836,000 after buying an additional 737,336 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Autohome by 231.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,785 shares of the information services provider’s stock worth $48,230,000 after buying an additional 520,685 shares in the last quarter. Renaissance Technologies LLC boosted its position in Autohome by 53.2% in the fourth quarter. Renaissance Technologies LLC now owns 646,200 shares of the information services provider’s stock worth $41,790,000 after purchasing an additional 224,400 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Autohome by 145.7% in the first quarter. Prudential Financial Inc. now owns 319,600 shares of the information services provider’s stock worth $27,467,000 after purchasing an additional 189,500 shares during the last quarter. Hedge funds and other institutional investors own 40.83% of the company’s stock.
Shares of ATHM traded down $0.45 during trading hours on Monday, hitting $118.46. The stock had a trading volume of 6,466 shares, compared to its average volume of 674,119. Autohome Inc has a 12 month low of $43.39 and a 12 month high of $119.50. The firm has a market capitalization of $14.05 billion, a P/E ratio of 45.04, a PEG ratio of 0.95 and a beta of 2.15.
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 the Zacks’ consensus estimate of $0.64 by $0.06. Autohome had a return on equity of 26.49% and a net margin of 35.15%. The company had revenue of $205.30 million for the quarter, compared to analysts’ expectations of $195.43 million. During the same quarter last year, the business earned $0.41 earnings per share. Autohome’s revenue was up 4.8% on a year-over-year basis. research analysts anticipate that Autohome Inc will post 3.72 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the company. ValuEngine raised Autohome from a “hold” rating to a “buy” rating in a research report on Wednesday, June 6th. Zacks Investment Research raised Autohome from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Monday, March 12th. Finally, Bank of America upgraded Autohome to a “buy” rating in a research note on Wednesday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $83.36.
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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