Raymond James & Associates Sells 12,743 Shares of Autohome Inc. (NYSE:ATHM)

Raymond James & Associates cut its holdings in shares of Autohome Inc. (NYSE:ATHMGet Rating) by 5.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 203,160 shares of the information services provider’s stock after selling 12,743 shares during the period. Raymond James & Associates’ holdings in Autohome were worth $6,217,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new stake in Autohome during the fourth quarter worth $39,623,000. Federated Hermes Inc. lifted its stake in Autohome by 21.6% in the 3rd quarter. Federated Hermes Inc. now owns 3,234,560 shares of the information services provider’s stock valued at $93,026,000 after purchasing an additional 574,774 shares during the last quarter. M&G Investment Management Ltd. grew its holdings in Autohome by 14.9% during the fourth quarter. M&G Investment Management Ltd. now owns 2,775,076 shares of the information services provider’s stock worth $86,027,000 after purchasing an additional 358,950 shares during the period. Assenagon Asset Management S.A. increased its position in Autohome by 190.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 432,025 shares of the information services provider’s stock worth $13,220,000 after buying an additional 283,124 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in Autohome by 6.6% in the third quarter. Lazard Asset Management LLC now owns 2,591,493 shares of the information services provider’s stock valued at $74,531,000 after buying an additional 160,907 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a report on Friday, May 12th. JPMorgan Chase & Co. started coverage on shares of Autohome in a research note on Monday, January 30th. They issued a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Autohome has a consensus rating of “Hold” and an average target price of $43.50.

Autohome Stock Performance

ATHM stock opened at $30.02 on Monday. Autohome Inc. has a 52 week low of $23.66 and a 52 week high of $40.89. The company’s 50-day simple moving average is $30.42 and its 200 day simple moving average is $31.78. The company has a market capitalization of $3.77 billion, a PE ratio of 13.65 and a beta of 0.22.

Autohome (NYSE:ATHMGet Rating) last announced its earnings results on Thursday, February 16th. The information services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.61 by $0.11. The company had revenue of $274.50 million for the quarter, compared to analysts’ expectations of $266.10 million. Autohome had a net margin of 27.00% and a return on equity of 8.77%. On average, analysts forecast that Autohome Inc. will post 2.42 EPS for the current year.

Autohome Company Profile

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Autohome, Inc is a holding company, which engages in the development, operation, and maintenance of mobile applications and automobile websites. It offers used vehicles and new car dealer listings. The firm provides professionally produced and user-generated content, a comprehensive automobile library and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle.

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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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