Autohome Inc. (NYSE:ATHM) Position Trimmed by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. decreased its position in Autohome Inc. (NYSE:ATHM) by 0.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 431,540 shares of the information services provider’s stock after selling 1,232 shares during the period. Autohome comprises about 0.7% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 22nd biggest holding. E Fund Management Co. Ltd. owned 0.34% of Autohome worth $11,846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in Autohome by 4.9% in the 1st quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock worth $195,000 after purchasing an additional 348 shares during the period. Parallel Advisors LLC boosted its stake in Autohome by 99.4% in the 4th quarter. Parallel Advisors LLC now owns 1,318 shares of the information services provider’s stock worth $37,000 after purchasing an additional 657 shares during the period. Public Employees Retirement Association of Colorado lifted its position in Autohome by 88.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock worth $45,000 after buying an additional 800 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Autohome by 24.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock worth $123,000 after buying an additional 912 shares in the last quarter. Finally, Atlas Capital Advisors LLC purchased a new stake in Autohome in the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ATHM. Benchmark downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Citigroup reiterated a “neutral” rating and issued a $28.00 target price (down previously from $31.00) on shares of Autohome in a research report on Friday, July 19th.

Autohome Trading Down 0.0 %

Autohome stock opened at $27.20 on Wednesday. The company has a market capitalization of $3.41 billion, a P/E ratio of 12.89 and a beta of 0.14. The firm’s fifty day simple moving average is $25.17 and its 200-day simple moving average is $26.31. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $30.92.

Autohome (NYSE:ATHM) last released its quarterly earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $4.12. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. Autohome had a net margin of 25.81% and a return on equity of 8.19%. Autohome’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. On average, equities research analysts predict that Autohome Inc. will post 1.96 earnings per share for the current year.

Autohome declared that its board has authorized a share repurchase plan on Wednesday, September 4th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.