Nordea Investment Management AB Invests $12.34 Million in Autohome Inc (NYSE:ATHM)

Nordea Investment Management AB acquired a new position in shares of Autohome Inc (NYSE:ATHM) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 117,345 shares of the information services provider’s stock, valued at approximately $12,336,000. Nordea Investment Management AB owned 0.10% of Autohome as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lindbrook Capital LLC grew its position in Autohome by 211.0% in the first quarter. Lindbrook Capital LLC now owns 255 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 173 shares in the last quarter. Quadrant Capital Group LLC grew its position in Autohome by 15.0% in the first quarter. Quadrant Capital Group LLC now owns 951 shares of the information services provider’s stock valued at $99,000 after purchasing an additional 124 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Autohome in the first quarter valued at $106,000. Daiwa Securities Group Inc. grew its position in Autohome by 52.1% in the first quarter. Daiwa Securities Group Inc. now owns 1,065 shares of the information services provider’s stock valued at $112,000 after purchasing an additional 365 shares in the last quarter. Finally, Riverview Trust Co bought a new position in Autohome in the fourth quarter valued at $115,000. Institutional investors and hedge funds own 54.47% of the company’s stock.

A number of research firms recently weighed in on ATHM. CICC Research downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Sanford C. Bernstein started coverage on shares of Autohome in a research report on Thursday, June 27th. They issued an “outperform” rating and a $110.00 price objective for the company. Macquarie set a $131.00 price objective on shares of Baidu and gave the company a “hold” rating in a research report on Thursday, July 4th. Finally, JPMorgan Chase & Co. set a $195.00 price objective on shares of bluebird bio and gave the company a “buy” rating in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $107.33.

Autohome stock traded down $3.51 during midday trading on Friday, hitting $81.50. The company’s stock had a trading volume of 1,624,970 shares, compared to its average volume of 864,083. Autohome Inc has a 1-year low of $61.43 and a 1-year high of $117.99. The company has a 50-day simple moving average of $87.53. The company has a market capitalization of $10.04 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 0.94 and a beta of 1.48.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Wednesday, May 8th. The information services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $240.00 million during the quarter, compared to analysts’ expectations of $234.43 million. Autohome had a net margin of 40.12% and a return on equity of 30.85%. During the same quarter in the previous year, the company earned $0.70 EPS. Research analysts forecast that Autohome Inc will post 4.31 earnings per share for the current year.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

Featured Article: Stock Portfolio Tracker

Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

Receive News & Ratings for Autohome Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autohome and related companies with MarketBeat.com's FREE daily email newsletter.