Autohome Inc (NYSE:ATHM) Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lessened its holdings in shares of Autohome Inc (NYSE:ATHM) by 11.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,164 shares of the information services provider’s stock after selling 398 shares during the period. HBK Sorce Advisory LLC’s holdings in Autohome were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in Autohome by 20.4% during the second quarter. UBS Asset Management Americas Inc. now owns 218,863 shares of the information services provider’s stock worth $18,739,000 after buying an additional 37,057 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Autohome during the second quarter worth $286,000. Westwood Holdings Group Inc. purchased a new stake in Autohome during the second quarter worth $113,000. Bank of America Corp DE boosted its position in Autohome by 110.1% during the second quarter. Bank of America Corp DE now owns 369,217 shares of the information services provider’s stock worth $31,613,000 after purchasing an additional 193,510 shares in the last quarter. Finally, Assetmark Inc. boosted its position in Autohome by 75.3% during the second quarter. Assetmark Inc. now owns 829 shares of the information services provider’s stock worth $71,000 after purchasing an additional 356 shares in the last quarter. 54.16% of the stock is currently owned by institutional investors and hedge funds.

Autohome stock traded up $0.51 during trading on Wednesday, hitting $91.41. The company’s stock had a trading volume of 4,395 shares, compared to its average volume of 659,637. The stock’s fifty day moving average is $86.31 and its 200 day moving average is $92.49. Autohome Inc has a 1-year low of $61.43 and a 1-year high of $117.99. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 1.16 and a beta of 1.40.



Autohome (NYSE:ATHM) last posted its quarterly earnings results on Wednesday, August 7th. The information services provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.01. Autohome had a return on equity of 29.47% and a net margin of 39.33%. The firm had revenue of $336.30 million during the quarter, compared to the consensus estimate of $331.00 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities research analysts forecast that Autohome Inc will post 3.97 EPS for the current fiscal year.

ATHM has been the subject of a number of analyst reports. CLSA set a $120.00 price target on Autohome and gave the stock a “buy” rating in a report on Monday, June 24th. CICC Research cut Autohome from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. set a $75.00 price target on Autohome and gave the stock a “hold” rating in a report on Monday, August 12th. Citigroup reiterated a “buy” rating and issued a $110.00 target price (down from $125.00) on shares of Autohome in a research note on Friday, July 5th. Finally, Sanford C. Bernstein initiated coverage on Autohome in a research note on Thursday, June 27th. They issued an “outperform” rating and a $110.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $103.51.

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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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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