Janus Henderson Group PLC bought a new position in shares of Autohome Inc (NYSE:ATHM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,117 shares of the information services provider’s stock, valued at approximately $267,000.
Other institutional investors have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new position in shares of Autohome during the 2nd quarter valued at about $95,000. Quadrant Capital Group LLC lifted its position in Autohome by 15.0% in the first quarter. Quadrant Capital Group LLC now owns 951 shares of the information services provider’s stock valued at $99,000 after buying an additional 124 shares during the last quarter. SevenBridge Financial Group LLC lifted its position in Autohome by 26.3% in the second quarter. SevenBridge Financial Group LLC now owns 1,192 shares of the information services provider’s stock valued at $102,000 after buying an additional 248 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Autohome in the first quarter valued at about $106,000. Finally, Daiwa Securities Group Inc. lifted its position in Autohome by 52.1% in the first quarter. Daiwa Securities Group Inc. now owns 1,065 shares of the information services provider’s stock valued at $112,000 after buying an additional 365 shares during the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have commented on ATHM shares. JPMorgan Chase & Co. set a $75.00 target price on shares of Autohome and gave the company a “hold” rating in a research report on Monday, August 12th. Zacks Investment Research cut shares of Autohome from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 10th. ValuEngine cut shares of Autohome from a “hold” rating to a “sell” rating in a research report on Monday, June 3rd. Citigroup reissued a “buy” rating and set a $110.00 price target (down previously from $125.00) on shares of Autohome in a research report on Friday, July 5th. Finally, Sanford C. Bernstein began coverage on shares of Autohome in a research report on Thursday, June 27th. They set an “outperform” rating and a $110.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $105.67.
Autohome (NYSE:ATHM) last released its earnings results on Wednesday, August 7th. The information services provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.01. Autohome had a net margin of 39.33% and a return on equity of 29.47%. The firm had revenue of $336.30 million for the quarter, compared to analyst estimates of $331.00 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Autohome Inc will post 3.97 earnings per share for the current fiscal year.
Autohome Company Profile
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.
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