Hsbc Holdings PLC Increases Position in Autohome Inc. (NYSE:ATHM)

Hsbc Holdings PLC boosted its position in Autohome Inc. (NYSE:ATHM) by 10.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 249,984 shares of the information services provider’s stock after acquiring an additional 24,115 shares during the period. Hsbc Holdings PLC owned about 0.20% of Autohome worth $6,862,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ATHM. FIL Ltd lifted its holdings in shares of Autohome by 61.9% during the 4th quarter. FIL Ltd now owns 5,661,948 shares of the information services provider’s stock worth $158,874,000 after acquiring an additional 2,165,574 shares during the period. Mondrian Investment Partners LTD increased its stake in Autohome by 0.9% during the first quarter. Mondrian Investment Partners LTD now owns 4,695,298 shares of the information services provider’s stock worth $123,111,000 after acquiring an additional 42,817 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Autohome by 14.7% in the 2nd quarter. Acadian Asset Management LLC now owns 4,440,462 shares of the information services provider’s stock worth $121,859,000 after purchasing an additional 568,474 shares during the period. M&G Plc lifted its stake in shares of Autohome by 3.3% in the 2nd quarter. M&G Plc now owns 3,088,758 shares of the information services provider’s stock valued at $83,396,000 after purchasing an additional 97,994 shares in the last quarter. Finally, Krane Funds Advisors LLC grew its holdings in shares of Autohome by 10.7% during the 2nd quarter. Krane Funds Advisors LLC now owns 2,816,972 shares of the information services provider’s stock worth $77,326,000 after purchasing an additional 272,092 shares during the period. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Stock Up 3.4 %

Shares of NYSE:ATHM opened at $29.06 on Tuesday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 13.77 and a beta of 0.15. The company has a 50 day moving average of $25.20 and a two-hundred day moving average of $26.38. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $30.92.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $4.12. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. On average, equities analysts anticipate that Autohome Inc. will post 1.96 earnings per share for the current year.

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

Analyst Ratings Changes

Several research firms recently commented on ATHM. Benchmark lowered shares of Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Citigroup reissued a “neutral” rating and issued a $28.00 target price (down previously from $31.00) on shares of Autohome in a research note on Friday, July 19th. Finally, StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th.

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.