Zurcher Kantonalbank Zurich Cantonalbank Trims Stake in Autohome Inc (ATHM)
Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Autohome Inc (NYSE:ATHM) by 19.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,777 shares of the information services provider’s stock after selling 4,088 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Autohome were worth $1,299,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ATHM. Royal Bank of Canada raised its position in shares of Autohome by 182.5% during the first quarter. Royal Bank of Canada now owns 2,706 shares of the information services provider’s stock worth $232,000 after purchasing an additional 1,748 shares during the period. Eqis Capital Management Inc. acquired a new stake in shares of Autohome during the second quarter worth $422,000. Aperio Group LLC raised its position in shares of Autohome by 12.4% during the second quarter. Aperio Group LLC now owns 55,784 shares of the information services provider’s stock worth $5,634,000 after purchasing an additional 6,169 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Autohome by 369.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,627 shares of the information services provider’s stock worth $1,174,000 after purchasing an additional 9,148 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Autohome during the second quarter worth $296,000. 51.26% of the stock is owned by institutional investors.
ATHM has been the topic of a number of recent analyst reports. CLSA set a $95.00 target price on Autohome and gave the stock a “buy” rating in a research report on Tuesday, October 16th. JPMorgan Chase & Co. initiated coverage on Autohome in a research report on Wednesday, August 29th. They set a “hold” rating and a $80.00 target price on the stock. ValuEngine raised Autohome from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research raised Autohome from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Benchmark cut their target price on Autohome from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, November 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Autohome currently has an average rating of “Buy” and a consensus price target of $86.89.
Autohome (NYSE:ATHM) last posted its quarterly earnings results on Monday, November 12th. The information services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm had revenue of $275.00 million for the quarter, compared to analyst estimates of $269.16 million. Autohome had a return on equity of 29.35% and a net margin of 38.08%. Autohome’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. Equities analysts predict that Autohome Inc will post 3.35 EPS for the current fiscal year.
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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