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Raymond James & Associates boosted its position in shares of Autohome Inc. (NYSE:ATHM – Get Rating) by 561.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,903 shares of the information services provider’s stock after purchasing an additional 183,239 shares during the period. Raymond James & Associates owned 0.17% of Autohome worth $6,209,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Autohome by 3.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 189,166 shares of the information services provider’s stock valued at $5,440,000 after purchasing an additional 6,437 shares during the last quarter. GAM Holding AG acquired a new stake in shares of Autohome in the third quarter worth about $4,026,000. National Bank of Canada FI bought a new stake in shares of Autohome during the 3rd quarter worth about $292,000. Federated Hermes Inc. increased its holdings in shares of Autohome by 54.8% during the 2nd quarter. Federated Hermes Inc. now owns 2,659,786 shares of the information services provider’s stock valued at $104,609,000 after acquiring an additional 941,171 shares during the last quarter. Finally, Amundi raised its stake in shares of Autohome by 21.4% in the 2nd quarter. Amundi now owns 367,203 shares of the information services provider’s stock valued at $13,645,000 after acquiring an additional 64,789 shares in the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have commented on ATHM shares. Daiwa Capital Markets lowered their price target on Autohome from $46.00 to $43.00 in a report on Wednesday, October 26th. Jefferies Financial Group decreased their price objective on shares of Autohome from $56.00 to $49.00 in a report on Monday, October 24th. Finally, StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a report on Friday, December 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.93.
Autohome Price Performance
NYSE:ATHM opened at $35.87 on Friday. The stock has a market cap of $4.50 billion, a P/E ratio of 20.38 and a beta of 0.21. Autohome Inc. has a one year low of $20.49 and a one year high of $40.89. The company has a fifty day moving average price of $31.08 and a 200 day moving average price of $32.60.
Autohome (NYSE:ATHM – Get Rating) last released its earnings results on Thursday, November 3rd. The information services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. The firm had revenue of $259.13 million during the quarter, compared to analysts’ expectations of $254.41 million. Autohome had a net margin of 21.83% and a return on equity of 8.16%. As a group, equities research analysts anticipate that Autohome Inc. will post 2.16 EPS for the current year.
Autohome Company Profile
(Get Rating)
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.
See Also
- Get a free copy of the StockNews.com research report on Autohome (ATHM)
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Want to see what other hedge funds are holding ATHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autohome Inc. (NYSE:ATHM – Get Rating).
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