6,723 Shares in Autohome Inc. (NYSE:ATHM) Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. purchased a new stake in Autohome Inc. (NYSE:ATHM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,723 shares of the information services provider’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also bought and sold shares of ATHM. M&G Plc lifted its holdings in shares of Autohome by 3.3% during the 2nd quarter. M&G Plc now owns 3,088,758 shares of the information services provider’s stock worth $83,396,000 after acquiring an additional 97,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Autohome by 11.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,742 shares of the information services provider’s stock worth $36,007,000 after purchasing an additional 133,993 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Autohome by 10.7% in the 2nd quarter. Hsbc Holdings PLC now owns 249,984 shares of the information services provider’s stock valued at $6,862,000 after purchasing an additional 24,115 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Autohome by 146.2% in the 1st 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 during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Autohome during the 2nd quarter worth $2,497,000. Institutional investors own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Autohome Price Performance

Autohome stock opened at $29.13 on Thursday. The business has a 50 day moving average of $28.54 and a 200-day moving average of $27.24. The company has a market capitalization of $3.66 billion, a P/E ratio of 13.81 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) last announced its quarterly earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share (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 analysts’ expectations of $1.87 billion. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. Equities analysts anticipate that Autohome Inc. will post 2.02 EPS for the current year.

Autohome announced that its Board of Directors has authorized a stock 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 buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Autohome Company 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.