KEYWISE CAPITAL MANAGEMENT Ltd purchased a new position in shares of Autohome Inc (NYSE:ATHM) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 5,400 shares of the information services provider’s stock, valued at approximately $418,000. Autohome comprises about 0.1% of KEYWISE CAPITAL MANAGEMENT Ltd’s holdings, making the stock its 15th biggest position.
Other hedge funds have also modified their holdings of the company. Aperio Group LLC raised its position in Autohome by 1.8% during the 3rd quarter. Aperio Group LLC now owns 56,794 shares of the information services provider’s stock valued at $4,396,000 after purchasing an additional 1,010 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its position in Autohome by 39.4% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,639,100 shares of the information services provider’s stock valued at $126,882,000 after purchasing an additional 463,200 shares in the last quarter. Atria Investments LLC raised its position in Autohome by 34.8% during the 3rd quarter. Atria Investments LLC now owns 12,093 shares of the information services provider’s stock valued at $936,000 after purchasing an additional 3,123 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Autohome during the 3rd quarter valued at $294,000. Finally, United Services Automobile Association bought a new stake in Autohome during the 2nd quarter valued at $263,000. 44.44% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on ATHM shares. ValuEngine lowered Autohome from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised Autohome from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. JPMorgan Chase & Co. started coverage on Autohome in a research report on Wednesday, August 29th. They set a “hold” rating and a $80.00 target price for the company. Finally, CLSA set a $95.00 target price on Autohome and gave the company a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Autohome has a consensus rating of “Buy” and a consensus target price of $87.50.
Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, August 8th. The information services provider reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.03. Autohome had a return on equity of 27.64% and a net margin of 36.15%. The business had revenue of $282.43 million for the quarter. Sell-side analysts forecast that Autohome Inc will post 3.32 EPS for the current fiscal year.
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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