Sumitomo Mitsui DS Asset Management Company Ltd Invests $2.50 Million in Autohome Inc. (NYSE:ATHM)

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Autohome Inc. (NYSE:ATHM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 90,973 shares of the information services provider’s stock, valued at approximately $2,497,000.

A number of other large investors also recently bought and sold shares of ATHM. New York State Common Retirement Fund increased its holdings in shares of Autohome by 58.2% in the 4th quarter. New York State Common Retirement Fund now owns 108,240 shares of the information services provider’s stock valued at $3,037,000 after acquiring an additional 39,806 shares during the period. Russell Investments Group Ltd. raised its holdings in Autohome by 23.9% in the fourth quarter. Russell Investments Group Ltd. now owns 738,975 shares of the information services provider’s stock worth $20,598,000 after purchasing an additional 142,413 shares in the last quarter. Van ECK Associates Corp raised its holdings in Autohome by 19.4% in the fourth quarter. Van ECK Associates Corp now owns 5,124 shares of the information services provider’s stock worth $144,000 after purchasing an additional 831 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Autohome by 49.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 65,561 shares of the information services provider’s stock valued at $1,840,000 after buying an additional 21,824 shares during the last quarter. Finally, AJOVista LLC bought a new stake in shares of Autohome in the 4th quarter valued at about $665,000. Institutional investors own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

ATHM has been the subject of a number of analyst reports. Benchmark cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Citigroup reiterated a “neutral” rating and set a $28.00 price objective (down previously from $31.00) on shares of Autohome in a report on Friday, July 19th. Finally, StockNews.com upgraded Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Autohome Stock Up 0.5 %

Shares of Autohome stock opened at $25.16 on Friday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 11.92 and a beta of 0.14. Autohome Inc. has a 52 week low of $21.89 and a 52 week high of $30.92. The company has a 50 day moving average price of $25.32 and a 200 day moving average price of $26.31.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $4.12. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. As a group, research analysts anticipate that Autohome Inc. will post 1.98 earnings per share for the current fiscal year.

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.