Autohome Inc. $ATHM Stock Sold by M&G PLC

M&G PLC lessened its stake in Autohome Inc. (NYSE:ATHM) by 34.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,497,596 shares of the information services provider’s stock after selling 1,284,099 shares during the period. M&G PLC owned 2.17% of Autohome worth $52,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ATHM. Parallel Advisors LLC boosted its holdings in shares of Autohome by 119.4% in the 1st quarter. Parallel Advisors LLC now owns 5,256 shares of the information services provider’s stock valued at $91,000 after buying an additional 2,860 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Autohome during the first quarter valued at approximately $184,000. Y Intercept Hong Kong Ltd acquired a new stake in Autohome in the first quarter valued at approximately $834,000. Oldfield Partners LLP boosted its stake in Autohome by 20.3% in the second quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider’s stock valued at $948,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Autohome by 35.2% in the first quarter. Royal Bank of Canada now owns 72,460 shares of the information services provider’s stock worth $1,259,000 after purchasing an additional 18,871 shares during the last quarter. 63.08% of the stock is currently owned by institutional investors.

Autohome Trading Down 2.2%

NYSE:ATHM opened at $22.37 on Tuesday. The company has a market capitalization of $2.58 billion, a P/E ratio of 20.08 and a beta of 0.36. Autohome Inc. has a 12 month low of $15.57 and a 12 month high of $25.22. The firm has a fifty day simple moving average of $21.03 and a 200-day simple moving average of $20.04.

Autohome (NYSE:ATHM) last released its earnings results on Wednesday, November 4th. The information services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.07. Autohome had a return on equity of 4.00% and a net margin of 14.23%. The firm had revenue of $196.12 million for the quarter, compared to the consensus estimate of $189.93 million. During the same period in the prior year, the firm earned $3.45 EPS. The firm’s revenue was down 26.0% on a year-over-year basis. Equities analysts forecast that Autohome Inc. will post 1.20 EPS for the current year.

Insider Activity

In related news, CFO Craig Yan Zeng sold 9,316 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $5.29, for a total value of $49,281.64. Following the sale, the chief financial officer owned 160,624 shares in the company, valued at $849,700.96. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Bibo Xiang sold 5,588 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $5.29, for a total transaction of $29,560.52. Following the transaction, the chief technology officer directly owned 56,780 shares of the company’s stock, valued at $300,366.20. This represents a 8.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 49,304 shares of company stock valued at $260,818. Company insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings raised Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Zacks Research raised Autohome from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Wall Street Zen cut Autohome from a “hold” rating to a “sell” rating in a research note on Saturday. Jefferies Financial Group reissued a “buy” rating and issued a $26.50 price target on shares of Autohome in a report on Wednesday, October 14th. Finally, Bank of America lowered Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price target on the stock. in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.95.

Autohome Company Profile

Autohome Inc operates online platforms focused on the automotive market in China. Through its websites and mobile applications, the company connects consumers with vehicle information and automotive businesses.

Its platforms provide car reviews, news, model specifications, pricing information, photos, videos and user discussions. Autohome also offers automakers and dealers advertising, marketing, customer-lead generation and data services.

Founded in 2005, Autohome serves consumers and automotive businesses across China.