Autohome Inc. (NYSE:ATHM – Get Rating) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,960,000 shares, an increase of 39.0% from the June 30th total of 1,410,000 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 695,300 shares, the days-to-cover ratio is presently 2.8 days.
Institutional Investors Weigh In On Autohome
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its position in Autohome by 47.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,234 shares of the information services provider’s stock worth $95,000 after buying an additional 1,035 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Autohome by 6.8% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 159,848 shares of the information services provider’s stock worth $4,712,000 after buying an additional 10,135 shares during the period. KBC Group NV boosted its position in Autohome by 1.4% during the 4th quarter. KBC Group NV now owns 164,101 shares of the information services provider’s stock worth $4,838,000 after buying an additional 2,194 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Autohome by 6.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 166,764 shares of the information services provider’s stock worth $4,916,000 after purchasing an additional 10,000 shares during the period. Finally, Advisor Group Holdings Inc. lifted its position in shares of Autohome by 131.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 9,819 shares of the information services provider’s stock worth $291,000 after purchasing an additional 5,572 shares during the period. 51.44% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
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ATHM has been the subject of a number of research reports. Daiwa Capital Markets initiated coverage on shares of Autohome in a research note on Tuesday, July 12th. They set a “buy” rating for the company. Citigroup raised their target price on shares of Autohome from $33.00 to $41.00 and gave the stock a “buy” rating in a research note on Tuesday, June 28th. Finally, CLSA upgraded shares of Autohome from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $29.30 to $42.50 in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $43.69.
Autohome Trading Down 2.3 %
ATHM stock traded down $0.84 during mid-day trading on Friday, hitting $35.69. The stock had a trading volume of 908,093 shares, compared to its average volume of 788,408. Autohome has a 52 week low of $20.49 and a 52 week high of $52.34. The firm has a market capitalization of $4.48 billion, a P/E ratio of 15.86 and a beta of 0.16. The firm has a fifty day simple moving average of $35.48 and a 200 day simple moving average of $31.44.
Autohome (NYSE:ATHM – Get Rating) last announced its quarterly earnings results on Tuesday, May 24th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $232.10 million for the quarter, compared to analyst estimates of $215.41 million. Autohome had a net margin of 26.48% and a return on equity of 10.12%. The firm’s revenue was down 17.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. As a group, equities analysts expect that Autohome will post 2 earnings per share for the current fiscal year.
About Autohome
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.
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