Autohome Inc. (NYSE:ATHM) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its holdings in Autohome Inc. (NYSE:ATHM) by 205.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,189 shares of the information services provider’s stock after purchasing an additional 16,280 shares during the period. The Manufacturers Life Insurance Company’s holdings in Autohome were worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ATHM. Atlas Capital Advisors LLC purchased a new position in Autohome in the second quarter worth approximately $28,000. Public Employees Retirement Association of Colorado lifted its stake in 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 last quarter. Benjamin F. Edwards & Company Inc. lifted its stake 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 worth $123,000 after acquiring an additional 912 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Autohome by 93.9% in the second 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 during the last quarter. Finally, California State Teachers Retirement System lifted its stake in Autohome by 4.9% in the first quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock worth $195,000 after acquiring an additional 348 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Price Performance

ATHM stock opened at $32.37 on Tuesday. The company has a fifty day moving average price of $27.32 and a 200 day moving average price of $27.01. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 15.34 and a beta of 0.16.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $4.12. The company 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 revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. As a group, analysts anticipate that Autohome Inc. will post 2.02 earnings per share for the current year.

Autohome declared that its board has authorized a share buyback program on Wednesday, September 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

ATHM has been the subject of several recent analyst reports. Citigroup restated a “neutral” rating and set a $28.00 price objective (down previously from $31.00) on shares of Autohome in a research report on Friday, July 19th. Hsbc Global Res upgraded shares of Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Benchmark downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.

Autohome 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.