Millennium Management LLC Grows Stock Position in Autohome Inc. (NYSE:ATHM)

Millennium Management LLC lifted its position in shares of Autohome Inc. (NYSE:ATHM) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,558 shares of the information services provider’s stock after purchasing an additional 2,721 shares during the period. Millennium Management LLC owned about 0.11% of Autohome worth $3,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in shares of Autohome by 22.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 870,377 shares of the information services provider’s stock worth $24,423,000 after acquiring an additional 160,945 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Autohome by 30.3% during the 4th quarter. Wellington Management Group LLP now owns 279,136 shares of the information services provider’s stock valued at $7,833,000 after buying an additional 64,877 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Autohome during the fourth quarter worth approximately $891,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Autohome by 8.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 189,335 shares of the information services provider’s stock worth $4,964,000 after buying an additional 14,527 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in 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 acquiring an additional 912 shares in the last quarter. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ATHM shares. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Citigroup reissued a “neutral” rating and issued a $28.00 price objective (down from $31.00) on shares of Autohome in a report on Friday, July 19th. Hsbc Global Res raised Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Benchmark lowered Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.

Autohome Stock Performance

NYSE:ATHM opened at $32.57 on Monday. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70. The business has a fifty day moving average of $27.32 and a 200-day moving average of $27.01. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 15.44 and a beta of 0.16.

Autohome (NYSE:ATHM) last released its earnings results on Wednesday, July 31st. The information services provider reported $4.71 EPS for the quarter, beating the consensus estimate of $0.59 by $4.12. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Autohome had a net margin of 25.81% and a return on equity of 8.19%. Autohome’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. On average, equities research analysts predict that Autohome Inc. will post 2.02 EPS for the current year.

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