Contrarius Investment Management Ltd Sells 77,211 Shares of Autohome Inc. (ATHM)
Contrarius Investment Management Ltd lessened its position in Autohome Inc. (NYSE:ATHM) by 25.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,242 shares of the information services provider’s stock after selling 77,211 shares during the period. Contrarius Investment Management Ltd owned approximately 0.20% of Autohome worth $13,893,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in Autohome in the third quarter valued at approximately $264,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Autohome by 5.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,908,058 shares of the information services provider’s stock valued at $475,116,000 after purchasing an additional 396,818 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Autohome in the third quarter valued at approximately $247,000. Russell Investments Group Ltd. increased its stake in Autohome by 23.8% in the third quarter. Russell Investments Group Ltd. now owns 194,205 shares of the information services provider’s stock valued at $11,671,000 after purchasing an additional 37,294 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Autohome by 489.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 147,695 shares of the information services provider’s stock valued at $8,874,000 after purchasing an additional 122,627 shares in the last quarter. 40.44% of the stock is owned by hedge funds and other institutional investors.
ATHM has been the subject of several recent analyst reports. Benchmark Co. upped their target price on shares of Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Deutsche Bank AG increased their price objective on shares of Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. BidaskClub raised shares of Autohome from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, ValuEngine downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $66.56.
Shares of Autohome Inc. (NYSE:ATHM) traded down $0.05 during mid-day trading on Friday, hitting $60.95. 590,900 shares of the stock traded hands, compared to its average volume of 1,009,618. Autohome Inc. has a 52 week low of $24.68 and a 52 week high of $67.69. The company has a market capitalization of $6,980.00, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 1.52 and a beta of 2.12.
Autohome (NYSE:ATHM) last announced its earnings results on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.14. Autohome had a net margin of 25.52% and a return on equity of 23.48%. The business had revenue of $230.40 million during the quarter, compared to analysts’ expectations of $209.49 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. equities research analysts predict that Autohome Inc. will post 2.14 EPS for the current year.
The firm also recently announced a special dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, January 3rd.
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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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