Strategic Global Advisors LLC decreased its holdings in Autohome Inc (NYSE:ATHM) by 97.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,572 shares of the information services provider’s stock after selling 241,279 shares during the period. Strategic Global Advisors LLC’s holdings in Autohome were worth $477,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Federated Investors Inc. PA boosted its position in shares of Autohome by 11,064.9% during the 1st quarter. Federated Investors Inc. PA now owns 1,439,150 shares of the information services provider’s stock valued at $151,283,000 after purchasing an additional 1,426,260 shares in the last quarter. Natixis bought a new stake in shares of Autohome in the 2nd quarter valued at $23,586,000. Somerset Capital Management LLP acquired a new position in shares of Autohome during the 2nd quarter valued at $22,777,000. Amundi Pioneer Asset Management Inc. lifted its position in shares of Autohome by 133.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 375,152 shares of the information services provider’s stock valued at $39,436,000 after acquiring an additional 214,466 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Autohome by 7.1% during the 1st quarter. BlackRock Inc. now owns 3,002,288 shares of the information services provider’s stock valued at $315,600,000 after acquiring an additional 198,725 shares during the period. 54.10% of the stock is currently owned by institutional investors.

A number of research firms have commented on ATHM. Mizuho assumed coverage on shares of Autohome in a report on Friday, September 6th. They issued a “neutral” rating and a $84.10 price target for the company. Macquarie set a $105.00 price objective on shares of Autohome and gave the company a “buy” rating in a report on Thursday, July 4th. ValuEngine lowered shares of Autohome from a “hold” rating to a “sell” rating in a report on Monday, June 3rd. Benchmark cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Citigroup restated a “buy” rating and issued a $110.00 target price (down from $125.00) on shares of Autohome in a research note on Friday, July 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $103.51.

Shares of ATHM traded up $2.50 during trading hours on Wednesday, reaching $97.36. The stock had a trading volume of 41,402 shares, compared to its average volume of 643,048. Autohome Inc has a 12 month low of $61.43 and a 12 month high of $117.99. The firm has a 50-day simple moving average of $83.58 and a 200 day simple moving average of $92.27. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 1.19 and a beta of 1.40.

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

About Autohome

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.

Recommended Story: Elliott Wave Theory

Want to see what other hedge funds are holding ATHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autohome Inc (NYSE:ATHM).

Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

Receive News & Ratings for Autohome Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autohome and related companies with MarketBeat.com's FREE daily email newsletter.