Wells Fargo & Company MN lessened its stake in shares of Autohome Inc. (NYSE:ATHM) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,529,677 shares of the information services provider’s stock after selling 51,640 shares during the quarter. Wells Fargo & Company MN owned about 1.32% of Autohome worth $69,386,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Autohome by 0.8% during the first quarter. US Bancorp DE now owns 48,226 shares of the information services provider’s stock worth $1,532,000 after acquiring an additional 386 shares during the period. Global X Management Co. LLC grew its holdings in Autohome by 7.2% during the second quarter. Global X Management Co. LLC now owns 10,625 shares of the information services provider’s stock worth $482,000 after acquiring an additional 714 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Autohome during the second quarter worth $517,000. Neuberger Berman Group LLC grew its holdings in Autohome by 6.0% during the second quarter. Neuberger Berman Group LLC now owns 42,382 shares of the information services provider’s stock worth $1,922,000 after acquiring an additional 2,385 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new position in Autohome during the second quarter worth $110,000. Institutional investors and hedge funds own 40.15% of the company’s stock.
Autohome Inc. (ATHM) opened at 65.32 on Friday. Autohome Inc. has a one year low of $22.07 and a one year high of $67.69. The company’s 50-day moving average price is $60.06 and its 200-day moving average price is $44.14. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 34.38 and a beta of 2.19.
Autohome (NYSE:ATHM) last announced its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.14. The firm had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, analysts anticipate that Autohome Inc. will post $2.52 EPS for the current year.
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ATHM has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Autohome from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Deutsche Bank AG raised Autohome from a “hold” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $65.00 in a report on Thursday, August 10th. Benchmark Co. raised Autohome from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Thursday, August 10th. ValuEngine lowered Autohome from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, UBS AG lowered Autohome from a “neutral” rating to a “sell” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.50.
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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