XTX Topco Ltd Makes New $221,000 Investment in Autohome Inc. (NYSE:ATHM)

XTX Topco Ltd bought a new stake in Autohome Inc. (NYSE:ATHM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,046 shares of the information services provider’s stock, valued at approximately $221,000.

Several other hedge funds also recently made changes to their positions in ATHM. FIL Ltd lifted its position in Autohome by 61.9% during the fourth quarter. FIL Ltd now owns 5,661,948 shares of the information services provider’s stock valued at $158,874,000 after buying an additional 2,165,574 shares during the period. Mondrian Investment Partners LTD lifted its position in Autohome by 0.9% during the 1st quarter. Mondrian Investment Partners LTD now owns 4,695,298 shares of the information services provider’s stock valued at $123,111,000 after acquiring an additional 42,817 shares during the period. Acadian Asset Management LLC boosted its stake in Autohome by 14.7% during the second quarter. Acadian Asset Management LLC now owns 4,440,462 shares of the information services provider’s stock worth $121,859,000 after acquiring an additional 568,474 shares in the last quarter. M&G Plc increased its stake in shares of Autohome by 3.3% during the second quarter. M&G Plc now owns 3,088,758 shares of the information services provider’s stock valued at $83,396,000 after purchasing an additional 97,994 shares in the last quarter. Finally, Krane Funds Advisors LLC lifted its holdings in shares of Autohome by 10.7% during the second quarter. Krane Funds Advisors LLC now owns 2,816,972 shares of the information services provider’s stock valued at $77,326,000 after purchasing an additional 272,092 shares during the last quarter. 63.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ATHM. Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Citigroup restated a “neutral” rating and set a $28.00 price target (down from $31.00) on shares of Autohome in a report on Friday, July 19th. Finally, StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Autohome Stock Up 3.0 %

Shares of NYSE ATHM opened at $33.02 on Monday. The firm has a market cap of $4.15 billion, a P/E ratio of 15.65 and a beta of 0.15. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $33.25. The company has a 50 day moving average of $25.56 and a 200 day moving average of $26.52.

Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $4.12. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities analysts expect that Autohome Inc. will post 2.02 earnings per share for the current fiscal year.

Autohome declared that its board has authorized a stock repurchase plan on Wednesday, September 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

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.