Polunin Capital Partners Ltd lessened its position in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,052,721 shares of the information services provider's stock after selling 25,694 shares during the quarter. Autohome comprises about 7.4% of Polunin Capital Partners Ltd's investment portfolio, making the stock its 7th largest position. Polunin Capital Partners Ltd owned approximately 0.84% of Autohome worth $31,562,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Autohome by 30.3% during the fourth quarter. Wellington Management Group LLP now owns 279,136 shares of the information services provider's stock worth $7,833,000 after buying an additional 64,877 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Autohome by 8.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 189,335 shares of the information services provider's stock valued at $4,964,000 after purchasing an additional 14,527 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Autohome by 146.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,059 shares of the information services provider's stock valued at $889,000 after purchasing an additional 18,446 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its position in shares of Autohome by 31.8% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 80,789 shares of the information services provider's stock valued at $2,118,000 after buying an additional 19,490 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Autohome by 15.5% in the first quarter. SG Americas Securities LLC now owns 31,743 shares of the information services provider's stock valued at $832,000 after buying an additional 4,262 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company's stock.
Autohome Stock Performance
NYSE:ATHM traded up $0.10 during mid-day trading on Friday, hitting $28.75. 268,365 shares of the stock were exchanged, compared to its average volume of 480,216. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 13.63 and a beta of 0.16. The firm's 50-day simple moving average is $28.76 and its 200 day simple moving average is $27.26. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70.
Autohome (NYSE:ATHM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, beating the consensus estimate of $0.59 by $4.12. The firm had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.87 billion. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The company's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. On average, analysts predict that Autohome Inc. will post 2.02 EPS for the current fiscal year.
Autohome declared that its Board of Directors has authorized a stock buyback plan on Wednesday, September 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on ATHM. StockNews.com raised Autohome from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. Citigroup reaffirmed a "neutral" rating and issued a $28.00 price objective (down from $31.00) on shares of Autohome in a research report on Friday, July 19th. Benchmark cut Autohome from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Hsbc Global Res raised Autohome to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, CLSA cut Autohome from an "outperform" rating to a "hold" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.
Read Our Latest Stock Analysis on Autohome
About Autohome
(
Free Report)
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.
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