Autohome Inc. $ATHM Stock Sold by M&G PLC

M&G PLC decreased its stake in Autohome Inc. (NYSE:ATHM) by 34.0% during the third quarter, Holdings Channel reports. The institutional investor owned 2,497,596 shares of the information services provider’s stock after selling 1,284,099 shares during the quarter. M&G PLC’s holdings in Autohome were worth $52,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. purchased a new stake in Autohome in the 3rd quarter worth approximately $12,420,000. Dimensional Fund Advisors LP lifted its stake in shares of Autohome by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 370,108 shares of the information services provider’s stock valued at $6,424,000 after purchasing an additional 60,511 shares during the period. Bank of America Corp DE lifted its stake in shares of Autohome by 159.7% in the 1st quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider’s stock valued at $6,337,000 after purchasing an additional 224,318 shares during the period. First Trust Advisors LP purchased a new stake in Autohome during the first quarter worth $5,714,000. Finally, ABN Amro Investment Solutions boosted its holdings in Autohome by 47.6% during the first quarter. ABN Amro Investment Solutions now owns 308,171 shares of the information services provider’s stock worth $5,353,000 after buying an additional 99,422 shares in the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Autohome news, CFO Craig Yan Zeng sold 9,316 shares of Autohome stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total transaction of $49,281.64. Following the completion of the sale, the chief financial officer directly owned 160,624 shares in the company, valued at $849,700.96. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Bibo Xiang sold 5,588 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total value of $29,560.52. Following the completion of the sale, the chief technology officer directly owned 56,780 shares in the company, valued at approximately $300,366.20. The trade was a 8.96% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 49,304 shares of company stock valued at $260,818. 5.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Zacks Research upgraded shares of Autohome from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Wall Street Zen lowered shares of Autohome from a “hold” rating to a “sell” rating in a research note on Saturday. Jefferies Financial Group restated a “buy” rating and set a $26.50 target price on shares of Autohome in a research report on Wednesday, October 14th. Weiss Ratings raised shares of Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. Finally, Bank of America cut Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 target price for the company. in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.95.

Autohome Stock Down 2.2%

NYSE ATHM opened at $22.37 on Tuesday. Autohome Inc. has a 52 week low of $15.57 and a 52 week high of $25.22. The business’s fifty day simple moving average is $21.03 and its 200-day simple moving average is $20.04. The firm has a market cap of $2.58 billion, a PE ratio of 20.08 and a beta of 0.36.

Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, November 4th. The information services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.07. Autohome had a net margin of 14.23% and a return on equity of 4.00%. The firm had revenue of $196.12 million for the quarter, compared to analysts’ expectations of $189.93 million. During the same quarter in the previous year, the company posted $3.45 EPS. The company’s revenue was down 26.0% compared to the same quarter last year. Research analysts expect that Autohome Inc. will post 1.20 EPS for the current year.

Autohome Company Profile

Autohome Inc operates online platforms focused on the automotive market in China. Through its websites and mobile applications, the company connects consumers with vehicle information and automotive businesses.

Its platforms provide car reviews, news, model specifications, pricing information, photos, videos and user discussions. Autohome also offers automakers and dealers advertising, marketing, customer-lead generation and data services.

Founded in 2005, Autohome serves consumers and automotive businesses across China.