Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Autohome Inc (NYSE:ATHM) by 74.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,149 shares of the information services provider’s stock after purchasing an additional 4,347 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Autohome were worth $1,067,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC grew its stake in shares of Autohome by 211.0% in the first quarter. Lindbrook Capital LLC now owns 255 shares of the information services provider’s stock worth $26,000 after purchasing an additional 173 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in shares of Autohome in the fourth quarter worth $35,000. Quadrant Capital Group LLC bought a new position in shares of Autohome in the fourth quarter worth $63,000. Daiwa Securities Group Inc. grew its stake in shares of Autohome by 52.1% in the first quarter. Daiwa Securities Group Inc. now owns 1,065 shares of the information services provider’s stock worth $112,000 after purchasing an additional 365 shares in the last quarter. Finally, Riverview Trust Co bought a new position in shares of Autohome in the fourth quarter worth $115,000. 52.18% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on the company. Zacks Investment Research cut Autohome from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 30th. ValuEngine raised Autohome from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Bank of America increased their price target on Autohome from $96.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. Credit Suisse Group cut Autohome from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $83.00 to $92.00 in a research note on Wednesday, February 27th. Finally, JPMorgan Chase & Co. cut Autohome from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $68.00 to $58.00 in a research note on Monday, January 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $91.48.
Autohome (NYSE:ATHM) last announced its earnings results on Tuesday, February 26th. The information services provider reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.20. Autohome had a return on equity of 31.59% and a net margin of 39.63%. The business had revenue of $318.20 million during the quarter, compared to analysts’ expectations of $315.78 million. On average, equities analysts forecast that Autohome Inc will post 4.33 EPS for the current fiscal year.
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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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