Aubrey Capital Management Ltd Buys New Stake in Autohome Inc (NYSE:ATHM)
Aubrey Capital Management Ltd bought a new stake in Autohome Inc (NYSE:ATHM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 119,060 shares of the information services provider’s stock, valued at approximately $12,516,000. Autohome accounts for approximately 6.0% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 4th biggest holding.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in shares of Autohome by 211.0% during the first quarter. Lindbrook Capital LLC now owns 255 shares of the information services provider’s stock worth $26,000 after acquiring an additional 173 shares during the period. Financial Gravity Companies Inc. purchased a new stake in shares of Autohome during the fourth quarter worth $35,000. Quadrant Capital Group LLC increased its position in shares of Autohome by 15.0% during the first quarter. Quadrant Capital Group LLC now owns 951 shares of the information services provider’s stock worth $99,000 after acquiring an additional 124 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Autohome by 52.1% during the first quarter. Daiwa Securities Group Inc. now owns 1,065 shares of the information services provider’s stock worth $112,000 after acquiring an additional 365 shares during the period. Finally, Riverview Trust Co purchased a new stake in shares of Autohome during the fourth quarter worth $115,000. 53.02% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on ATHM shares. Bank of America upped their price objective on Autohome from $96.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised Autohome from a “hold” rating to a “strong-buy” rating and set a $108.00 price objective on the stock in a research report on Friday, March 1st. Credit Suisse Group lowered Autohome from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $83.00 to $92.00 in a research report on Wednesday, February 27th. ValuEngine raised Autohome from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Finally, JPMorgan Chase & Co. raised Autohome from an “underweight” rating to a “neutral” rating and set a $90.00 price objective on the stock in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $99.76.
Autohome (NYSE:ATHM) last posted its earnings results on Wednesday, May 8th. The information services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.80 by $0.07. The firm had revenue of $240.00 million for the quarter, compared to analyst estimates of $234.43 million. Autohome had a return on equity of 30.85% and a net margin of 40.12%. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, equities analysts expect that Autohome Inc will post 4.53 EPS for the current fiscal year.
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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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