Point72 Hong Kong Ltd Trims Stake in Autohome Inc. (NYSE:ATHM)

Point72 Hong Kong Ltd cut its stake in Autohome Inc. (NYSE:ATHM) by 78.8% in the second quarter, HoldingsChannel reports. The fund owned 53,597 shares of the information services provider’s stock after selling 198,835 shares during the period. Point72 Hong Kong Ltd’s holdings in Autohome were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Atlas Capital Advisors LLC purchased a new position in shares of Autohome during the 2nd quarter valued at approximately $28,000. Parallel Advisors LLC increased its holdings in Autohome by 99.4% in the fourth quarter. Parallel Advisors LLC now owns 1,318 shares of the information services provider’s stock valued at $37,000 after buying an additional 657 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position 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 worth $45,000 after acquiring an additional 800 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Autohome by 24.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock worth $123,000 after acquiring an additional 912 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Autohome by 93.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock worth $146,000 after acquiring an additional 2,614 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Stock Up 2.2 %

ATHM stock opened at $30.65 on Thursday. Autohome Inc. has a 52 week low of $21.89 and a 52 week high of $30.92. The firm has a 50-day simple moving average of $25.29 and a 200-day simple moving average of $26.44. The stock has a market capitalization of $3.71 billion, a P/E ratio of 14.53 and a beta of 0.15.

Autohome (NYSE:ATHM) last posted its quarterly earnings data 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. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. Autohome had a return on equity of 8.19% and a net margin of 25.81%. Autohome’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. On average, analysts expect that Autohome Inc. will post 2.02 earnings per share for the current year.

Autohome declared that its board has approved a stock buyback plan on Wednesday, September 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on ATHM. Benchmark cut Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. StockNews.com upgraded Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, 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.

Autohome Company 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.