Korea Investment CORP Lowers Stake in Autohome Inc. (ATHM)
Korea Investment CORP reduced its position in Autohome Inc. (NYSE:ATHM) by 15.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 68,900 shares of the information services provider’s stock after selling 12,500 shares during the period. Korea Investment CORP owned 0.06% of Autohome worth $4,140,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATHM. NN Investment Partners Holdings N.V. acquired a new stake in shares of Autohome during the second quarter worth $110,000. Alta Advisers Ltd acquired a new stake in shares of Autohome during the second quarter worth $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Autohome during the second quarter worth $213,000. M&T Bank Corp acquired a new stake in shares of Autohome during the second quarter worth $245,000. Finally, Profund Advisors LLC acquired a new stake in shares of Autohome during the second quarter worth $264,000. 40.32% of the stock is owned by institutional investors.
ATHM has been the subject of a number of analyst reports. Zacks Investment Research raised Autohome from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Monday, July 10th. ValuEngine cut Autohome from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Deutsche Bank AG raised Autohome from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $65.00 in a research note on Thursday, August 10th. Benchmark Co. raised Autohome from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Thursday, August 10th. Finally, BidaskClub cut Autohome from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Autohome has a consensus rating of “Buy” and an average target price of $63.36.
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Autohome Inc. (NYSE ATHM) opened at $59.56 on Friday. Autohome Inc. has a 52 week low of $22.07 and a 52 week high of $67.69. The stock has a market capitalization of $6,867.09, a PE ratio of 31.85, a price-to-earnings-growth ratio of 1.48 and a beta of 2.12.
Autohome (NYSE:ATHM) last posted its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.14. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The firm had revenue of $230.40 million during the quarter, compared to analysts’ expectations of $209.49 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. equities research analysts anticipate that Autohome Inc. will post 2.14 EPS for the current fiscal year.
Autohome Company Profile
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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