Telemus Capital LLC acquired a new stake in shares of Autohome Inc. (NYSE:ATHM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,000 shares of the information services provider’s stock, valued at approximately $300,000. Telemus Capital LLC owned approximately 4,336.51% of Autohome as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Autohome during the 2nd quarter valued at about $517,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of Autohome during the 2nd quarter valued at about $110,000. Alta Advisers Ltd purchased a new stake in shares of Autohome during the 2nd quarter valued at about $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Autohome during the 2nd quarter valued at about $213,000. Finally, Cavalier Investments LLC purchased a new stake in shares of Autohome during the 3rd quarter valued at about $324,000. 40.37% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on ATHM. Zacks Investment Research downgraded shares of Autohome from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Benchmark Co. raised their price objective on shares of Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday. Deutsche Bank AG raised their price objective on shares of Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday. BidaskClub downgraded shares of Autohome from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 30th. Finally, Credit Suisse Group assumed coverage on shares of Autohome in a report on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Autohome has an average rating of “Buy” and an average price target of $66.56.
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Autohome Inc. (ATHM) traded down $0.42 on Friday, hitting $62.73. 41,874 shares of the company were exchanged, compared to its average volume of 1,015,582. The stock has a market capitalization of $7,448.20, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 1.61 and a beta of 2.12. Autohome Inc. has a one year low of $22.07 and a one year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. The company had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. Autohome had a net margin of 25.52% and a return on equity of 24.55%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. analysts forecast that Autohome Inc. will post 2.14 EPS for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, January 3rd.
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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