Stocks: Autohome Inc. (ATHM) Announces Quarterly Earnings Results

Stocks: Autohome Inc. (ATHM) Announces Quarterly  Earnings Results

Autohome Inc. (NYSE:ATHM) issued its quarterly earnings data on Monday. The company reported $0.38 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Autohome had a return on equity of 22.16% and a net margin of 24.95%. The company had revenue of $221.20 million for the quarter, compared to analysts’ expectations of $207.44 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 56.4% on a year-over-year basis.

Autohome (NYSE:ATHM) opened at 22.90 on Monday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 16.20 and a beta of 2.08. Autohome has a 12 month low of $19.32 and a 12 month high of $37.17. The stock’s 50 day moving average price is $24.90 and its 200-day moving average price is $24.41.

Several hedge funds have recently made changes to their positions in ATHM. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Autohome by 5.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,320,040 shares of the company’s stock worth $129,011,000 after buying an additional 293,341 shares in the last quarter. Greenwoods Asset Management Ltd increased its stake in Autohome by 31.4% in the third quarter. Greenwoods Asset Management Ltd now owns 1,695,600 shares of the company’s stock valued at $46,032,000 after buying an additional 405,600 shares during the period. Tiger Pacific Capital LP increased its stake in Autohome by 6.3% in the second quarter. Tiger Pacific Capital LP now owns 1,321,191 shares of the company’s stock valued at $26,569,000 after buying an additional 78,718 shares during the period. Contrarius Investment Management Ltd increased its stake in Autohome by 38.0% in the second quarter. Contrarius Investment Management Ltd now owns 1,056,704 shares of the company’s stock valued at $21,250,000 after buying an additional 290,776 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Autohome by 5.1% in the third quarter. Wells Fargo & Company MN now owns 1,052,609 shares of the company’s stock valued at $25,525,000 after buying an additional 50,982 shares during the period. Institutional investors and hedge funds own 22.12% of the company’s stock.

Several brokerages have issued reports on ATHM. Zacks Investment Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Credit Agricole SA upgraded Autohome from an “underperform” rating to a “buy” rating in a report on Wednesday, August 17th. JPMorgan Chase & Co. started coverage on Autohome in a report on Wednesday, August 31st. They issued a “neutral” rating and a $25.00 price target for the company. Finally, Brean Capital reiterated a “buy” rating on shares of Autohome in a report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $29.25.

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