Autohome Inc. (NYSE:ATHM) Shares Sold by GAM Holding AG

GAM Holding AG lowered its holdings in Autohome Inc. (NYSE:ATHM) by 7.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 74,000 shares of the information services provider’s stock after selling 6,000 shares during the quarter. GAM Holding AG’s holdings in Autohome were worth $2,414,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Oldfield Partners LLP increased its position in shares of Autohome by 2.2% in the third quarter. Oldfield Partners LLP now owns 242,200 shares of the information services provider’s stock worth $7,901,000 after acquiring an additional 5,100 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Autohome by 3.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 93,973 shares of the information services provider’s stock worth $3,065,000 after acquiring an additional 3,000 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Autohome in the third quarter worth $219,000. Creative Planning grew its holdings in Autohome by 14.2% during the 3rd quarter. Creative Planning now owns 20,938 shares of the information services provider’s stock valued at $683,000 after purchasing an additional 2,603 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Autohome during the 2nd quarter valued at $345,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Price Performance

NYSE ATHM opened at $30.49 on Wednesday. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 14.45 and a beta of 0.16. The company’s fifty day moving average price is $28.41 and its two-hundred day moving average price is $27.22.

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

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating and set a $28.00 price target (down from $31.00) on shares of Autohome in a report on Friday, July 19th. Hsbc Global Res raised shares of Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Benchmark lowered shares of Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th.

Autohome Profile

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.