abrdn plc cut its holdings in Autohome Inc. (NYSE:ATHM - Free Report) by 17.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,927,232 shares of the information services provider's stock after selling 407,106 shares during the quarter. abrdn plc owned 1.54% of Autohome worth $63,705,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Autohome by 8.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 189,335 shares of the information services provider's stock valued at $4,964,000 after acquiring an additional 14,527 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Autohome by 146.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,059 shares of the information services provider's stock worth $889,000 after purchasing an additional 18,446 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its holdings in 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 purchasing an additional 19,490 shares during the last quarter. SG Americas Securities LLC increased 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 in the last quarter. Finally, Mondrian Investment Partners LTD raised its stake in shares of Autohome by 0.9% during the 1st quarter. Mondrian Investment Partners LTD now owns 4,695,298 shares of the information services provider's stock worth $123,111,000 after buying an additional 42,817 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company's stock.
Autohome Price Performance
ATHM traded down $0.26 during trading on Wednesday, hitting $29.00. The company's stock had a trading volume of 291,157 shares, compared to its average volume of 477,460. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70. The stock has a market cap of $3.64 billion, a PE ratio of 13.87 and a beta of 0.16. The firm's 50 day moving average price is $29.00 and its 200-day moving average price is $27.31.
Autohome (NYSE:ATHM - Get Free Report) last released its earnings results on Wednesday, July 31st. The information services provider reported $4.71 EPS 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 analyst estimates of $1.87 billion. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 earnings per share. Equities analysts anticipate that Autohome Inc. will post 2.02 earnings per share for the current year.
Autohome announced that its board has initiated a share repurchase 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. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.
Analysts Set New Price Targets
ATHM has been the subject of a number of research reports. Benchmark cut shares of 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 research note on Thursday, October 3rd. StockNews.com raised Autohome from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. CLSA cut Autohome from an "outperform" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Citigroup reaffirmed a "neutral" rating and set a $28.00 price objective (down previously from $31.00) on shares of Autohome in a research note on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.
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Autohome Company Profile
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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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