Greenwoods Asset Management Ltd Cuts Holdings in Autohome Inc. (ATHM)

Greenwoods Asset Management Ltd cut its stake in shares of Autohome Inc. (NYSE:ATHM) by 90.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the information services provider’s stock after selling 600,000 shares during the period. Autohome accounts for 0.3% of Greenwoods Asset Management Ltd’s holdings, making the stock its 15th largest position. Greenwoods Asset Management Ltd owned about 0.05% of Autohome worth $2,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of ATHM. NN Investment Partners Holdings N.V. acquired a new stake in shares of Autohome in the second quarter valued at approximately $110,000. Alta Advisers Ltd acquired a new stake in shares of Autohome in the second quarter valued at approximately $114,000. Acadian Asset Management LLC acquired a new stake in shares of Autohome in the first quarter valued at approximately $154,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Autohome in the second quarter valued at approximately $213,000. Finally, RGT Capital Management Ltd. acquired a new stake in shares of Autohome in the first quarter valued at approximately $245,000. Hedge funds and other institutional investors own 40.15% of the company’s stock.

ATHM has been the subject of several research analyst reports. UBS AG downgraded shares of Autohome from a “neutral” rating to a “sell” rating in a research report on Friday, June 2nd. ValuEngine downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Monday, July 10th. Benchmark Co. upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Thursday, August 10th. Finally, Deutsche Bank AG upgraded shares of Autohome from a “hold” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $65.00 in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $56.50.

Autohome Inc. (NYSE ATHM) traded up 0.89% during mid-day trading on Friday, hitting $65.83. 1,411,092 shares of the company’s stock were exchanged. The stock has a market cap of $7.64 billion, a PE ratio of 34.65 and a beta of 2.19. The stock’s 50 day moving average price is $60.58 and its 200-day moving average price is $44.37. Autohome Inc. has a 12 month low of $22.07 and a 12 month high of $67.69.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.14. The firm had revenue of $230.40 million for the quarter, compared to analysts’ expectations of $209.49 million. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. Equities analysts expect that Autohome Inc. will post $2.52 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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