Autohome Inc. (NYSE:ATHM) is Krane Funds Advisors LLC's 9th Largest Position

Krane Funds Advisors LLC decreased its holdings in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 96.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,798 shares of the information services provider's stock after selling 2,730,174 shares during the period. Autohome comprises approximately 2.4% of Krane Funds Advisors LLC's holdings, making the stock its 9th largest position. Krane Funds Advisors LLC owned about 0.07% of Autohome worth $2,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Autohome by 3.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 93,973 shares of the information services provider's stock valued at $3,065,000 after buying an additional 3,000 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Autohome during the third quarter valued at $219,000. Creative Planning grew its stake in shares of Autohome by 14.2% in the 3rd quarter. Creative Planning now owns 20,938 shares of the information services provider's stock worth $683,000 after buying an additional 2,603 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Autohome in the 2nd quarter worth about $345,000. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Autohome by 20.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 93,995 shares of the information services provider's stock valued at $2,580,000 after acquiring an additional 15,695 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company's stock.

Autohome Price Performance

Autohome stock traded up $0.25 during trading hours on Friday, hitting $29.97. 507,592 shares of the stock traded hands, compared to its average volume of 484,132. The firm's 50 day moving average price is $27.96 and its 200-day moving average price is $27.14. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 14.09 and a beta of 0.16. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70.

Autohome (NYSE:ATHM - Get Free Report) last announced its earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, topping the consensus estimate of $0.59 by $4.12. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company posted $0.59 EPS. The business's quarterly revenue was up 2.2% on a year-over-year basis. Research analysts forecast that Autohome Inc. will post 2.02 earnings per share for the current fiscal year.

Autohome announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the information services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATHM. StockNews.com raised Autohome from a "hold" rating to a "buy" rating in a research note on Friday, August 9th. Hsbc Global Res upgraded shares of Autohome to a "strong-buy" rating in a research note on Thursday, October 3rd. Benchmark downgraded shares of Autohome from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. Finally, Citigroup reiterated a "neutral" rating and issued a $28.00 target price (down from $31.00) on shares of Autohome in a report on Friday, July 19th.

About Autohome

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.