WINTON GROUP Ltd Purchases New Position in Autohome Inc (ATHM)
WINTON GROUP Ltd purchased a new stake in Autohome Inc (NYSE:ATHM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,280 shares of the information services provider’s stock, valued at approximately $409,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC increased its stake in shares of Autohome by 209.0% in the 2nd quarter. Signaturefd LLC now owns 1,128 shares of the information services provider’s stock valued at $114,000 after purchasing an additional 763 shares during the last quarter. Fortis Advisors LLC bought a new stake in Autohome during the 2nd quarter worth $126,000. Guinness Asset Management Ltd grew its position in Autohome by 1,109.1% during the 2nd quarter. Guinness Asset Management Ltd now owns 1,330 shares of the information services provider’s stock worth $134,000 after acquiring an additional 1,220 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Autohome during the 2nd quarter worth $178,000. Finally, Epoch Investment Partners Inc. bought a new stake in Autohome during the 2nd quarter worth $200,000. Institutional investors own 49.98% of the company’s stock.
A number of equities research analysts recently weighed in on ATHM shares. Zacks Investment Research lowered Autohome from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine upgraded Autohome from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. JPMorgan Chase & Co. started coverage on Autohome in a research report on Wednesday, August 29th. They set a “hold” rating and a $80.00 price objective on the stock. CLSA set a $95.00 price objective on Autohome and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Finally, Benchmark reduced their price objective on Autohome from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, November 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $87.80.
Autohome (NYSE:ATHM) last announced its earnings results on Monday, November 12th. The information services provider reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.06. The firm had revenue of $275.00 million for the quarter, compared to the consensus estimate of $269.16 million. Autohome had a return on equity of 29.35% and a net margin of 38.08%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, analysts forecast that Autohome Inc will post 3.35 earnings per share for the current fiscal year.
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Autohome Company Profile
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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