GAM Holding AG Trims Stock Position in Autohome Inc. (NYSE:ATHM)

GAM Holding AG lessened its holdings in Autohome Inc. (NYSE:ATHM) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,000 shares of the information services provider’s stock after selling 6,000 shares during the period. GAM Holding AG owned 0.06% of Autohome worth $2,414,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. California State Teachers Retirement System lifted its holdings in shares of Autohome by 4.9% in the first quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock valued at $195,000 after purchasing an additional 348 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of 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 valued at $45,000 after purchasing an additional 800 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Autohome by 24.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 912 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Autohome in the second quarter valued at about $28,000. Finally, Van ECK Associates Corp lifted its stake in shares of Autohome by 23.5% during the second quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock valued at $195,000 after buying an additional 1,351 shares during the period. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Stock Performance

Shares of ATHM stock opened at $30.49 on Wednesday. Autohome Inc. has a one year low of $21.89 and a one year high of $34.70. The company has a 50 day moving average price of $28.41 and a 200 day moving average price of $27.22. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 14.45 and a beta of 0.16.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Wednesday, July 31st. The information services provider reported $4.71 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $0.59 earnings per share. Autohome’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Autohome Inc. will post 2.02 EPS for the current fiscal year.

Autohome declared that its Board of Directors has approved a stock repurchase program on Wednesday, September 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

ATHM has been the topic of several recent analyst reports. Hsbc Global Res raised shares of Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. Citigroup reissued a “neutral” rating and set a $28.00 price objective (down previously from $31.00) on shares of Autohome in a research note on Friday, July 19th. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Benchmark downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research note 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.