State Street Corp Acquires 624,076 Shares of Autohome Inc. (ATHM)
State Street Corp lifted its holdings in shares of Autohome Inc. (NYSE:ATHM) by 1,384.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 669,138 shares of the information services provider’s stock after purchasing an additional 624,076 shares during the period. State Street Corp owned 0.58% of Autohome worth $30,354,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Investec Asset Management LTD lifted its holdings in shares of Autohome by 20.9% during the second quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock worth $90,226,000 after purchasing an additional 343,427 shares during the period. Andra AP fonden acquired a new position in shares of Autohome during the second quarter worth $2,477,000. BlackRock Inc. lifted its holdings in shares of Autohome by 1,380.8% during the second quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after purchasing an additional 4,171,817 shares during the period. Profund Advisors LLC acquired a new position in shares of Autohome during the second quarter worth $264,000. Finally, Bank of Montreal Can lifted its holdings in shares of Autohome by 520.9% during the second quarter. Bank of Montreal Can now owns 35,607 shares of the information services provider’s stock worth $1,615,000 after purchasing an additional 29,872 shares during the period. Institutional investors own 40.37% of the company’s stock.
A number of equities analysts have recently commented on the stock. Benchmark Co. upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Autohome from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Credit Suisse Group assumed coverage on shares of Autohome in a report on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 target price on the stock. BidaskClub lowered shares of Autohome from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, Deutsche Bank AG boosted their target price on shares of Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.56.
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Autohome Inc. (NYSE ATHM) opened at $61.50 on Friday. The stock has a market cap of $7,461.95, a price-to-earnings ratio of 30.51, a P/E/G ratio of 1.57 and a beta of 2.12. Autohome Inc. has a fifty-two week low of $22.07 and a fifty-two week high of $67.69.
Autohome (NYSE:ATHM) last released its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.14. The business had revenue of $230.40 million for the quarter, compared to analyst estimates of $209.49 million. Autohome had a net margin of 25.52% and a return on equity of 23.48%. Autohome’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. equities research analysts forecast that Autohome Inc. will post 2.14 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, January 3rd.
Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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