Ritholtz Wealth Management Sells 3,689 Shares of Autohome Inc. (NYSE:ATHM)

Ritholtz Wealth Management decreased its holdings in Autohome Inc. (NYSE:ATHM) by 27.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,621 shares of the information services provider’s stock after selling 3,689 shares during the period. Ritholtz Wealth Management’s holdings in Autohome were worth $314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ATHM. Atlas Capital Advisors LLC bought a new stake in shares of Autohome in the 2nd quarter valued at about $28,000. Public Employees Retirement Association of Colorado lifted its stake in shares of Autohome by 88.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 800 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Autohome by 24.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 912 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Autohome by 93.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after purchasing an additional 2,614 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Autohome by 23.5% in the 2nd quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock valued at $195,000 after purchasing an additional 1,351 shares during the period. Institutional investors own 63.08% of the company’s stock.

Analysts Set New Price Targets

ATHM has been the topic of a number of recent analyst reports. StockNews.com raised Autohome from a “hold” rating to a “buy” rating in a research note 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 research note on Friday, July 19th. Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Hsbc Global Res raised Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd.

Autohome Stock Up 0.2 %

ATHM stock opened at $31.21 on Thursday. The firm has a market cap of $3.92 billion, a PE ratio of 14.79 and a beta of 0.16. The business has a 50 day moving average of $27.82 and a 200-day moving average of $27.12. Autohome Inc. has a 12-month low of $21.89 and a 12-month high of $34.70.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, beating the consensus estimate of $0.59 by $4.12. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company earned $0.59 earnings per share. Autohome’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts expect that Autohome Inc. will post 2.02 earnings per share for the current year.

Autohome announced that its board has initiated a stock repurchase 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 reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors 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.