Steward Partners Investment Advisory LLC boosted its holdings in shares of Autohome Inc. (NYSE:ATHM – Get Rating) by 312.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,014 shares of the information services provider’s stock after purchasing an additional 1,526 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Autohome were worth $61,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its stake in shares of Autohome by 1.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 169,764 shares of the information services provider’s stock valued at $5,163,000 after buying an additional 3,000 shares during the period. TownSquare Capital LLC increased its stake in shares of Autohome by 26.2% in the 1st quarter. TownSquare Capital LLC now owns 60,577 shares of the information services provider’s stock valued at $1,842,000 after buying an additional 12,572 shares during the period. SeaTown Holdings Pte. Ltd. acquired a new stake in shares of Autohome in the 1st quarter valued at $257,000. Baker Tilly Wealth Management LLC increased its stake in shares of Autohome by 25.7% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 18,943 shares of the information services provider’s stock valued at $576,000 after buying an additional 3,872 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Autohome by 13.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 181,113 shares of the information services provider’s stock valued at $5,508,000 after buying an additional 21,265 shares during the period. 51.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Citigroup lifted their target price on Autohome from $33.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, June 28th. CLSA raised Autohome from an “underperform” rating to an “outperform” rating and lifted their price objective for the stock from $29.30 to $42.50 in a research note on Tuesday, July 26th. Finally, Daiwa Capital Markets started coverage on Autohome in a research note on Tuesday, July 12th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.36.
Autohome Trading Up 11.8 %
Autohome (NYSE:ATHM – Get Rating) last posted its earnings results on Tuesday, May 24th. The information services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $232.10 million for the quarter, compared to analyst estimates of $215.41 million. Autohome had a return on equity of 10.12% and a net margin of 26.48%. The company’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. On average, analysts forecast that Autohome Inc. will post 2 earnings per share for the current year.
Autohome Company Profile
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.
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