Comerica Bank Reduces Position in Autohome Inc (NYSE:ATHM)

Comerica Bank reduced its stake in Autohome Inc (NYSE:ATHM) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,970 shares of the information services provider’s stock after selling 312 shares during the quarter. Comerica Bank’s holdings in Autohome were worth $661,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BP PLC purchased a new stake in Autohome in the 2nd quarter valued at $958,000. Krane Funds Advisors LLC grew its holdings in Autohome by 4.2% in the 1st quarter. Krane Funds Advisors LLC now owns 687,072 shares of the information services provider’s stock valued at $72,225,000 after buying an additional 27,778 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in Autohome by 9.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 10,900 shares of the information services provider’s stock valued at $933,000 after buying an additional 900 shares in the last quarter. GAM Holding AG purchased a new stake in Autohome in the 1st quarter valued at $841,000. Finally, Origin Asset Management LLP grew its holdings in Autohome by 83.1% in the 1st quarter. Origin Asset Management LLP now owns 155,300 shares of the information services provider’s stock valued at $16,325,000 after buying an additional 70,500 shares in the last quarter. Institutional investors own 54.10% of the company’s stock.

ATHM traded up $1.15 during mid-day trading on Friday, hitting $99.57. 51,591 shares of the stock were exchanged, compared to its average volume of 650,028. The firm’s fifty day moving average is $83.86 and its two-hundred day moving average is $92.31. Autohome Inc has a 1-year low of $61.43 and a 1-year high of $117.99. The company has a market cap of $11.60 billion, a PE ratio of 26.49, a PEG ratio of 1.20 and a beta of 1.40.

Autohome (NYSE:ATHM) last posted its earnings results on Wednesday, August 7th. The information services provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.01. Autohome had a return on equity of 29.47% and a net margin of 39.33%. The firm had revenue of $336.30 million for the quarter, compared to analyst estimates of $331.00 million. During the same quarter in the prior year, the company earned $0.88 EPS. Autohome’s revenue was up 19.3% on a year-over-year basis. Sell-side analysts anticipate that Autohome Inc will post 3.97 EPS for the current year.

A number of research firms have recently weighed in on ATHM. CICC Research cut Autohome from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Zacks Investment Research upgraded Autohome from a “sell” rating to a “hold” rating in a report on Tuesday. Benchmark cut Autohome from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Citigroup reiterated a “buy” rating and set a $110.00 price target (down from $125.00) on shares of Autohome in a report on Friday, July 5th. Finally, ValuEngine cut Autohome from a “hold” rating to a “sell” rating in a report on Monday, June 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Autohome has a consensus rating of “Hold” and an average target price of $103.51.

Autohome 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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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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