Guinness Atkinson Asset Management Inc Has $401,000 Holdings in Autohome Inc. (NYSE:ATHM)

Guinness Atkinson Asset Management Inc cut its holdings in Autohome Inc. (NYSE:ATHM) by 18.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,300 shares of the information services provider’s stock after selling 2,820 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Autohome were worth $401,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. California State Teachers Retirement System grew its position in Autohome by 4.9% in the 1st quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock worth $195,000 after purchasing an additional 348 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in Autohome by 88.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock worth $45,000 after purchasing an additional 800 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Autohome by 24.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock worth $123,000 after buying an additional 912 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Autohome in the 2nd quarter valued at $28,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Autohome by 23.5% during the 2nd quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock worth $195,000 after acquiring an additional 1,351 shares during the period. Institutional investors own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Autohome Stock Performance

Autohome stock traded down $0.01 on Friday, reaching $32.57. The company’s stock had a trading volume of 226,985 shares, compared to its average volume of 482,045. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 15.21 and a beta of 0.16. The business’s fifty day moving average price is $27.14 and its 200 day moving average price is $26.96.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 EPS for the quarter, topping 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 analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that Autohome Inc. will post 2.02 earnings per share for the current year.

Autohome declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.