Bank of New York Mellon Corp Grows Stake in Autohome Inc. (NYSE:ATHM)

Bank of New York Mellon Corp grew its holdings in shares of Autohome Inc. (NYSE:ATHM) by 28.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,416 shares of the information services provider’s stock after purchasing an additional 18,030 shares during the period. Bank of New York Mellon Corp’s holdings in Autohome were worth $2,207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System increased its position in Autohome by 4.9% during the 1st quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock valued at $195,000 after buying an additional 348 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Autohome by 99.4% during the fourth quarter. Parallel Advisors LLC now owns 1,318 shares of the information services provider’s stock worth $37,000 after acquiring an additional 657 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Autohome by 88.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 800 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position 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 last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Autohome by 1.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 192,255 shares of the information services provider’s stock valued at $5,277,000 after purchasing an additional 2,920 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on ATHM shares. Citigroup reissued 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. Benchmark lowered shares of Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, StockNews.com upgraded Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Autohome Stock Down 0.3 %

Autohome stock opened at $27.21 on Tuesday. The stock has a 50-day moving average price of $25.18 and a 200 day moving average price of $26.31. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 12.90 and a beta of 0.15. Autohome Inc. has a 52 week low of $21.89 and a 52 week high of $30.92.

Autohome (NYSE:ATHM) last announced its quarterly earnings data 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 business had revenue of $1.87 billion during 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%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. Research analysts anticipate that Autohome Inc. will post 1.96 EPS for the current fiscal year.

Autohome announced that its Board of Directors has authorized 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 repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board 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.