abrdn plc Has $63.71 Million Stock Position in Autohome Inc. (NYSE:ATHM)

abrdn plc lowered its holdings in shares of Autohome Inc. (NYSE:ATHM) by 17.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,927,232 shares of the information services provider’s stock after selling 407,106 shares during the period. abrdn plc’s holdings in Autohome were worth $63,705,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mondrian Investment Partners LTD increased its holdings in Autohome by 0.9% in the first quarter. Mondrian Investment Partners LTD now owns 4,695,298 shares of the information services provider’s stock valued at $123,111,000 after purchasing an additional 42,817 shares during the period. Acadian Asset Management LLC raised its position in shares of 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 during the last quarter. M&G Plc lifted its stake in shares of Autohome by 3.3% in the second quarter. M&G Plc now owns 3,088,758 shares of the information services provider’s stock worth $83,396,000 after acquiring an additional 97,994 shares during the period. Krane Funds Advisors LLC boosted its holdings in Autohome by 10.7% in 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 acquiring an additional 272,092 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Autohome by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 2,333,350 shares of the information services provider’s stock worth $61,180,000 after purchasing an additional 53,441 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Trading Down 1.2 %

NYSE:ATHM opened at $29.26 on Wednesday. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 13.87 and a beta of 0.16. The firm has a fifty day simple moving average of $28.88 and a two-hundred day simple moving average of $27.28.

Autohome (NYSE:ATHM) last issued 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. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $0.59 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts predict that Autohome Inc. will post 2.02 earnings per share for the current fiscal year.

Autohome declared that its Board of Directors has initiated a share repurchase program on Wednesday, September 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating and set a $28.00 price objective (down from $31.00) on shares of Autohome in a research report on Friday, July 19th. StockNews.com upgraded Autohome from a “hold” rating to a “buy” rating in a report on Friday, August 9th. CLSA downgraded Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Autohome has an average rating of “Moderate Buy” and a consensus target price of $28.00.

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.