Autohome Inc. (NYSE:ATHM) Shares Sold by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. decreased its holdings in shares of Autohome Inc. (NYSE:ATHM) by 23.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,905 shares of the information services provider’s stock after selling 16,747 shares during the quarter. Autohome comprises approximately 1.1% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 18th biggest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Autohome were worth $1,824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ATHM. Atlas Capital Advisors LLC purchased a new position in Autohome in the 2nd quarter valued at about $28,000. Public Employees Retirement Association of Colorado boosted 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 valued at $45,000 after buying an additional 800 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Autohome by 93.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after buying an additional 2,614 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in Autohome in the 3rd quarter valued at about $219,000. Finally, Van ECK Associates Corp boosted its position in Autohome by 23.5% in the 2nd quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock valued at $195,000 after buying an additional 1,351 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Benchmark cut 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 note on Friday, August 9th. Hsbc Global Res upgraded shares of Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. CLSA lowered shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Citigroup restated a “neutral” rating and issued a $28.00 target price (down previously from $31.00) on shares of Autohome in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Autohome Trading Down 0.9 %

Shares of NYSE:ATHM opened at $29.00 on Thursday. The firm’s 50 day moving average is $29.10 and its two-hundred day moving average is $27.32. Autohome Inc. has a 52 week low of $21.89 and a 52 week high of $34.70. The firm has a market capitalization of $3.64 billion, a P/E ratio of 13.74 and a beta of 0.16.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $4.12. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. Analysts predict that Autohome Inc. will post 2.02 EPS for the current year.

Autohome announced that its Board of Directors has authorized a share buyback program on Wednesday, September 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is 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.