KCG Holdings Inc. Sells 11,168 Shares of Autohome Inc. (NYSE:ATHM)
KCG Holdings Inc. lowered its position in shares of Autohome Inc. (NYSE:ATHM) by 43.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,549 shares of the information services provider’s stock after selling 11,168 shares during the period. KCG Holdings Inc.’s holdings in Autohome were worth $462,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ATHM. Investec Asset Management LTD bought a new position in Autohome during the first quarter worth $52,283,000. Macquarie Group Ltd. bought a new position in Autohome during the fourth quarter worth $40,810,000. William Blair Investment Management LLC bought a new position in Autohome during the first quarter worth $23,900,000. Henderson Group PLC bought a new position in Autohome during the first quarter worth $15,439,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Autohome by 7.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,043,201 shares of the information services provider’s stock worth $223,762,000 after buying an additional 485,755 shares during the period. 34.15% of the stock is owned by hedge funds and other institutional investors.
Autohome Inc. (NYSE ATHM) traded up 1.21% on Tuesday, reaching $50.10. The company had a trading volume of 1,994,982 shares. The firm has a market capitalization of $5.79 billion, a P/E ratio of 30.05 and a beta of 2.25. Autohome Inc. has a 1-year low of $21.90 and a 1-year high of $51.10. The company’s 50-day moving average price is $46.68 and its 200 day moving average price is $37.92.
Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.12. Autohome had a net margin of 21.10% and a return on equity of 21.42%. The business had revenue of $195.90 million during the quarter, compared to analyst estimates of $189.69 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The company’s revenue was up 15.3% on a year-over-year basis. On average, equities analysts forecast that Autohome Inc. will post $2.12 EPS for the current year.
ATHM has been the topic of several recent analyst reports. HSBC Holdings plc restated a “buy” rating and issued a $45.00 price target (up from $36.00) on shares of Autohome in a research note on Monday, May 15th. Zacks Investment Research cut Autohome from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Benchmark Co. assumed coverage on Autohome in a report on Tuesday, April 18th. They set a “hold” rating on the stock. Finally, UBS AG cut Autohome from a “neutral” rating to a “sell” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $39.25.
Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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