APG Asset Management N.V. Sells 17,233 Shares of Autohome Inc. (NYSE:ATHM)

APG Asset Management N.V. decreased its position in Autohome Inc. (NYSE:ATHM) by 54.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,479 shares of the information services provider’s stock after selling 17,233 shares during the period. APG Asset Management N.V.’s holdings in Autohome were worth $371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATHM. AQR Capital Management LLC bought a new stake in shares of Autohome during the 2nd quarter valued at about $22,501,000. AXA S.A. purchased a new position in shares of Autohome during the 2nd quarter worth approximately $381,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Autohome by 11.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,742 shares of the information services provider’s stock worth $36,007,000 after acquiring an additional 133,993 shares in the last quarter. Sei Investments Co. boosted its position in shares of Autohome by 7.4% during the second quarter. Sei Investments Co. now owns 328,454 shares of the information services provider’s stock valued at $9,016,000 after purchasing an additional 22,719 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Autohome in the second quarter worth $221,000. 63.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Autohome Price Performance

ATHM opened at $33.43 on Wednesday. The firm has a market cap of $4.20 billion, a PE ratio of 15.84 and a beta of 0.15. The stock has a 50-day moving average price of $25.71 and a 200-day moving average price of $26.56. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $33.83.

Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $4.12. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Autohome Inc. will post 2.02 EPS for the current year.

Autohome declared that its board has authorized a stock repurchase plan on Wednesday, September 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are 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.