Raymond James & Associates Has $23.16 Million Position in Autohome Inc (ATHM)
Raymond James & Associates trimmed its position in Autohome Inc (NYSE:ATHM) by 3.3% during the second quarter, HoldingsChannel.com reports. The fund owned 229,347 shares of the information services provider’s stock after selling 7,721 shares during the period. Raymond James & Associates’ holdings in Autohome were worth $23,164,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in ATHM. Standard Life Aberdeen plc raised its position in shares of Autohome by 21,884.6% in the 2nd quarter. Standard Life Aberdeen plc now owns 1,826,703 shares of the information services provider’s stock valued at $184,506,000 after acquiring an additional 1,818,394 shares during the period. Hsbc Holdings PLC raised its holdings in Autohome by 415.8% during the 1st quarter. Hsbc Holdings PLC now owns 716,489 shares of the information services provider’s stock worth $61,576,000 after buying an additional 577,590 shares during the period. Acadian Asset Management LLC raised its holdings in Autohome by 17.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,072,359 shares of the information services provider’s stock worth $310,310,000 after buying an additional 464,887 shares during the period. Barclays PLC raised its holdings in Autohome by 86.1% during the 1st quarter. Barclays PLC now owns 763,157 shares of the information services provider’s stock worth $65,587,000 after buying an additional 353,023 shares during the period. Finally, Ardevora Asset Management LLP acquired a new stake in Autohome during the 2nd quarter worth approximately $28,660,000. Institutional investors and hedge funds own 44.48% of the company’s stock.
Several analysts have commented on ATHM shares. ValuEngine upgraded shares of Autohome from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. JPMorgan Chase & Co. began coverage on shares of Autohome in a research note on Wednesday, August 29th. They set a “hold” rating and a $80.00 price target for the company. Finally, Zacks Investment Research raised shares of Autohome from a “sell” rating to a “hold” rating and set a $117.00 price target for the company in a research note on Friday, May 25th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $83.47.
Autohome (NYSE:ATHM) last issued its quarterly earnings results on Wednesday, August 8th. The information services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.03. The company had revenue of $282.43 million during the quarter. Autohome had a net margin of 36.15% and a return on equity of 27.64%. equities research analysts predict that Autohome Inc will post 3.4 earnings per share for the current fiscal year.
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.
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