First Trust Advisors LP boosted its position in shares of Autohome Inc. (NYSE:ATHM) by 18.6% during the second quarter, Holdings Channel reports. The institutional investor owned 45,080 shares of the company’s stock after buying an additional 7,077 shares during the period. First Trust Advisors LP’s holdings in Autohome were worth $907,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Autohome by 45.6% in the first quarter. Royal Bank of Canada now owns 6,379 shares of the company’s stock worth $179,000 after buying an additional 1,998 shares in the last quarter. Bank of Montreal Can purchased a new stake in Autohome during the second quarter worth approximately $312,000. Seven Eight Capital LLC purchased a new stake in Autohome during the first quarter worth approximately $569,000. GSA Capital Partners LLP raised its stake in Autohome by 135.6% in the second quarter. GSA Capital Partners LLP now owns 44,823 shares of the company’s stock worth $901,000 after buying an additional 25,800 shares in the last quarter. Finally, Ngam Advisors L.P. raised its stake in Autohome by 138.9% in the first quarter. Ngam Advisors L.P. now owns 55,359 shares of the company’s stock worth $1,547,000 after buying an additional 32,186 shares in the last quarter. 22.03% of the stock is owned by institutional investors.
Shares of Autohome Inc. (NYSE:ATHM) traded down 1.25% during trading on Friday, reaching $26.77. 370,128 shares of the company traded hands. Autohome Inc. has a 12 month low of $19.32 and a 12 month high of $37.73. The stock’s 50 day moving average price is $24.38 and its 200-day moving average price is $25.18. The stock has a market cap of $3.04 billion, a P/E ratio of 18.60 and a beta of 2.10.
Autohome (NYSE:ATHM) last issued its quarterly earnings results on Tuesday, August 16th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The business had revenue of $207.40 million for the quarter, compared to analyst estimates of $207.38 million. Autohome had a return on equity of 22.16% and a net margin of 24.95%. Autohome’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. On average, equities research analysts expect that Autohome Inc. will post $1.71 EPS for the current fiscal year.
A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Autohome from a “hold” rating to a “sell” rating in a research report on Thursday, August 18th. Brean Capital reissued a “buy” rating on shares of Autohome in a research report on Tuesday, June 21st. JPMorgan Chase & Co. assumed coverage on shares of Autohome in a research report on Wednesday, August 31st. They issued a “neutral” rating and a $25.00 price target for the company. Credit Suisse Group AG lowered shares of Autohome from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $31.50 to $18.00 in a research report on Tuesday, June 28th. Finally, Credit Agricole SA raised shares of Autohome from an “underperform” rating to a “buy” rating in a research report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Autohome currently has a consensus rating of “Hold” and an average target price of $31.06.
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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