Raymond James & Associates cut its holdings in shares of Autohome Inc. (NYSE:ATHM – Get 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
Autohome (NYSE:ATHM – Get 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
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.
- Get a free copy of the StockNews.com research report on Autohome (ATHM)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
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 – Get Rating).
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.