DekaBank Deutsche Girozentrale Grows Holdings in Autohome Inc. (NYSE:ATHM)

DekaBank Deutsche Girozentrale increased its position in Autohome Inc. (NYSE:ATHM) by 93.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,397 shares of the information services provider’s stock after buying an additional 2,614 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Autohome were worth $146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. California State Teachers Retirement System boosted its stake in Autohome by 4.9% in the 1st quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock worth $195,000 after buying an additional 348 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Autohome by 99.4% in the fourth quarter. Parallel Advisors LLC now owns 1,318 shares of the information services provider’s stock worth $37,000 after acquiring an additional 657 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in Autohome by 88.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 800 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Autohome by 24.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock worth $123,000 after purchasing an additional 912 shares during the last quarter. Finally, Atlas Capital Advisors LLC purchased a new position in Autohome during the second quarter worth approximately $28,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Stock Up 0.4 %

ATHM opened at $28.11 on Friday. The company has a 50 day moving average of $25.16 and a two-hundred day moving average of $26.35. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $30.92. The company has a market cap of $3.53 billion, a P/E ratio of 13.32 and a beta of 0.14.

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 the consensus estimate of $1.87 billion. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. Research analysts anticipate that Autohome Inc. will post 1.96 earnings per share for the current year.

Autohome announced that its board has authorized a share buyback plan on Wednesday, September 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the information services provider to repurchase 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.

Wall Street Analysts Forecast Growth

ATHM has been the subject of several research reports. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Citigroup restated a “neutral” rating and issued a $28.00 price objective (down from $31.00) on shares of Autohome in a report on Friday, July 19th.

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.