Lazard Asset Management LLC Grows Position in Autohome Inc (ATHM)

Lazard Asset Management LLC increased its holdings in shares of Autohome Inc (NYSE:ATHM) by 136.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,287 shares of the information services provider’s stock after acquiring an additional 35,934 shares during the quarter. Lazard Asset Management LLC’s holdings in Autohome were worth $4,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Advisor Group Inc. raised its stake in Autohome by 100.4% during the third quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock worth $110,000 after acquiring an additional 915 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Autohome by 176.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,530 shares of the information services provider’s stock valued at $1,027,000 after purchasing an additional 2,251 shares during the period. Telemus Capital LLC increased its stake in shares of Autohome by 52.2% in the fourth quarter. Telemus Capital LLC now owns 7,611 shares of the information services provider’s stock valued at $492,000 after purchasing an additional 2,611 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Autohome by 5.1% in the fourth quarter. Allianz Asset Management GmbH now owns 55,480 shares of the information services provider’s stock valued at $3,588,000 after purchasing an additional 2,680 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of Autohome by 65.0% in the fourth quarter. Mackenzie Financial Corp now owns 7,098 shares of the information services provider’s stock valued at $459,000 after purchasing an additional 2,797 shares during the period. Hedge funds and other institutional investors own 40.53% of the company’s stock.

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Shares of Autohome Inc (NYSE ATHM) opened at $88.64 on Friday. Autohome Inc has a 12 month low of $28.63 and a 12 month high of $90.93. The company has a market cap of $9,983.53, a P/E ratio of 34.76 and a beta of 2.26.

Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, March 7th. The information services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. Autohome had a net margin of 32.35% and a return on equity of 26.39%. The company had revenue of $269.20 million for the quarter, compared to analyst estimates of $266.37 million. During the same quarter last year, the business earned $0.55 earnings per share. Autohome’s revenue was down 7.2% compared to the same quarter last year. research analysts forecast that Autohome Inc will post 2.91 earnings per share for the current fiscal year.

ATHM has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Thursday, December 14th. Citigroup initiated coverage on shares of Autohome in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $83.00 price target on the stock. Finally, ValuEngine lowered shares of Autohome from a “hold” rating to a “sell” rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Autohome currently has a consensus rating of “Hold” and an average price target of $68.97.

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Autohome 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.

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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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