Strategic Global Advisors LLC Has $477,000 Holdings in Autohome Inc (NYSE:ATHM)
Strategic Global Advisors LLC cut its holdings in shares of Autohome Inc (NYSE:ATHM) by 97.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of ATHM. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Autohome by 0.4% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,400 shares of the information services provider’s stock valued at $2,880,000 after purchasing an additional 100 shares in the last quarter. WINTON GROUP Ltd lifted its position in Autohome by 4.6% in the 2nd quarter. WINTON GROUP Ltd now owns 2,981 shares of the information services provider’s stock valued at $255,000 after acquiring an additional 130 shares in the last quarter. O Shares Investment Advisers LLC boosted its stake in Autohome by 3.8% in the 1st quarter. O Shares Investment Advisers LLC now owns 4,753 shares of the information services provider’s stock worth $500,000 after purchasing an additional 173 shares during the period. SevenBridge Financial Group LLC boosted its stake in Autohome by 26.3% in the 2nd quarter. SevenBridge Financial Group LLC now owns 1,192 shares of the information services provider’s stock worth $102,000 after purchasing an additional 248 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Autohome by 5.1% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,969 shares of the information services provider’s stock worth $854,000 after purchasing an additional 481 shares during the period. 54.10% of the stock is currently owned by institutional investors.
Several research firms have issued reports on ATHM. Macquarie set a $105.00 price target on Autohome and gave the company a “buy” rating in a research note on Thursday, July 4th. Zacks Investment Research upgraded Autohome from a “sell” rating to a “hold” rating in a report on Tuesday. CLSA set a $120.00 price objective on Autohome and gave the stock a “buy” rating in a report on Monday, June 24th. ValuEngine lowered Autohome from a “hold” rating to a “sell” rating in a research report on Monday, June 3rd. Finally, Sanford C. Bernstein began coverage on Autohome in a research note on Thursday, June 27th. They issued an “outperform” rating and a $110.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $103.51.
Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.01. The company had revenue of $336.30 million during the quarter, compared to analysts’ expectations of $331.00 million. Autohome had a return on equity of 29.47% and a net margin of 39.33%. Autohome’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. Research analysts anticipate that Autohome Inc will post 3.97 earnings per share for the current 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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