Macquarie Group Ltd. cut its position in Autohome Inc. (NYSE:ATHM) by 24.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,224,442 shares of the information services provider’s stock after selling 389,858 shares during the period. Macquarie Group Ltd. owned 1.06% of Autohome worth $38,901,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of Autohome during the first quarter worth about $154,000. RGT Capital Management Ltd. acquired a new position in shares of Autohome during the first quarter worth about $245,000. Quantbot Technologies LP acquired a new position in shares of Autohome during the first quarter worth about $272,000. Bank of New York Mellon Corp acquired a new position in shares of Autohome during the first quarter worth about $292,000. Finally, Geode Capital Management LLC acquired a new position in shares of Autohome during the first quarter worth about $539,000. 29.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Autohome Inc. (ATHM) traded up 1.76% during midday trading on Tuesday, hitting $45.58. 264,887 shares of the company’s stock traded hands. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 27.52 and a beta of 2.24. Autohome Inc. has a 1-year low of $19.32 and a 1-year high of $46.48. The company has a 50 day moving average price of $41.31 and a 200 day moving average price of $33.55.
Autohome (NYSE:ATHM) last released its quarterly earnings results on Wednesday, May 10th. The information services provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.12. The firm had revenue of $195.90 million for the quarter, compared to analyst estimates of $189.69 million. Autohome had a net margin of 21.10% and a return on equity of 21.42%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. Equities analysts anticipate that Autohome Inc. will post $2.08 earnings per share for the current year.
ATHM has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research note on Monday, March 6th. Deutsche Bank AG lowered shares of Autohome from a “buy” rating to a “hold” rating and raised their price target for the company from $35.00 to $36.00 in a research note on Monday, March 6th. Benchmark Co. initiated coverage on shares of Autohome in a research note on Tuesday, April 18th. They issued a “hold” rating on the stock. Finally, HSBC Holdings plc restated a “buy” rating and issued a $45.00 price target (up previously from $36.00) on shares of Autohome in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.20.
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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