Krane Funds Advisors LLC Trims Stake in Autohome Inc. (NYSE:ATHM)

Krane Funds Advisors LLC lowered its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 5.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,660,871 shares of the information services provider's stock after selling 156,101 shares during the period. Autohome comprises about 3.1% of Krane Funds Advisors LLC's portfolio, making the stock its 11th largest holding. Krane Funds Advisors LLC owned 2.12% of Autohome worth $86,798,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ATHM. Oldfield Partners LLP increased its holdings in shares of Autohome by 2.2% during the 3rd quarter. Oldfield Partners LLP now owns 242,200 shares of the information services provider's stock valued at $7,901,000 after purchasing an additional 5,100 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Autohome by 3.3% in 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 in the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Autohome in the third quarter worth about $219,000. Creative Planning raised its position in shares of Autohome by 14.2% in the third quarter. Creative Planning now owns 20,938 shares of the information services provider's stock worth $683,000 after acquiring an additional 2,603 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Autohome during the 2nd quarter worth about $345,000. Institutional investors and hedge funds own 63.08% of the company's stock.

Analyst Ratings Changes

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

Autohome Trading Up 1.4 %

NYSE:ATHM traded up $0.41 during trading hours on Tuesday, hitting $30.49. 238,972 shares of the stock were exchanged, compared to its average volume of 481,997. The firm's fifty day moving average price is $28.25 and its 200 day moving average price is $27.19. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70. The company has a market cap of $3.83 billion, a P/E ratio of 14.26 and a beta of 0.16.

Autohome (NYSE:ATHM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The information services provider reported $4.71 EPS 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 firm had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the business earned $0.59 earnings per share. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts expect that Autohome Inc. will post 2.02 EPS 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.

Autohome 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.