Kayne Anderson Rudnick Investment. recently announced the acquisition of new stake in Autohome Inc. (NYSE:ATHM). The institutional investor has increased its shareholding in the Communication Services company by 1.36% to 11.09 million shares with purchase of 0.15 million shares. This fresh investment now brings its stake to 9.31% valued currently at $837.02 million. In addition, Comgest SA raised its holdings by 0.21 million to 4.8 million shares. And BlackRock Fund Advisors has lifted its position by 1.20% or 21398.0 shares – to 1.8 million shares.
With over 0.81 million Autohome Inc. (ATHM) shares trading Thursday and a closing price of $87.34 on the day, the dollar volume was approximately $70.53 million. The shares have shown a negative weekly performance of -0.73% and its price on 07/16/20 lost nearly -2.11%. Currently, there are 119.07M common shares owned by the public and among those 60.35M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for ATHM have a consensus price objective of $590.31. The analysts have set the share’s price value over the next 12 months at a high of $684.95 and a low of $313.94 should the stock experience a downside. Incidentally, analysts’ outlook for the Autohome Inc. stock is 2.30 for the next 12 months. But an upside of 87.25% will see the stock hit the forecast high price target while mean target price for the stock is $641.01.
The top 3 mutual fund holders in Autohome Inc. are Virtus KAR Small Cap Growth Fund, Merian Glb. Invs. Ser. Plc – Glob, and Comgest Growth Plc – Emerging Mar. Virtus KAR Small Cap Growth Fund owns 4.41 million shares of the company’s stock, all valued at over $332.76 million. Merian Glb. Invs. Ser. Plc – Glob bought 0.49 million shares to see its total holdings expand to 1.61 million shares valued at over $121.78 million and representing 1.36% of the shares outstanding. Comgest Growth Plc – Emerging Mar bought 97649.0 shares to bring its total holdings to over 1.18 million shares at a value of $89.07 million. Comgest Growth Plc – Emerging Mar now owns shares totaling to 0.99% of the shares outstanding.
Shares of Autohome Inc. (NYSE: ATHM) opened at $87.80, down -$1.42 from a prior closing price of $89.22. However, the script later closed the day at $87.34, down -2.11%. The company’s stock has a 5-day price change of -0.73% and 13.74% over the past three months. ATHM shares are trading 9.16% year to date (YTD), with the 12-month market performance up to 5.34% higher. It has a 12-month low price of $59.54 and touched a high of $100.10 over the same period. Currently, 0.81 million shares have been traded, compared to an average intraday trading volume of 643.75K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.20%, 7.95%, and 11.01% respectively.
Institutional ownership of Autohome Inc. (NYSE: ATHM) shares accounts for 53.00% of the company’s 119.07M shares outstanding. Mutual fund holders own 26.62%, while other institutional holders and individual stakeholders account for 27.33% and — respectively.
It has a market capitalization of $10.21B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 23.30, while the earnings-per-share (ttm) stands at $3.75. The company has a PEG of 18.64 and a Quick Ratio of 3.80 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.94% over the week and 4.05% over the month.
Analysts forecast that Autohome Inc. (ATHM) will achieve an EPS of $6.93 for the current quarter, $6.57 for the next quarter and $33.06 for 2021. The lowest estimate earnings-per-share for the quarter is $6.54 while analysts give the company a high EPS estimate of $7.26. Comparatively, EPS for the current quarter was $1.01 a year ago. Earnings per share for the fiscal year are expected to increase by 11.20%, and 14.61% over the next financial year. EPS should shrink at an annualized rate of 1.25% over the next five years, compared to 32.20% over the past 5-year period.
Looking at the support for the ATHM, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on December 05, 2019, with the firm’s price target at. Bernstein coverage for the Autohome Inc. (ATHM) stock in a research note released on November 06, 2019 offered a Mkt Perform rating with a price target of. CLSA was of a view on October 18, 2019 that the stock is Outperform, while Mizuho gave the stock Neutral rating on September 06, 2019, issuing a price target of. The Benchmark Company on their part issued Hold rating on July 19, 2019.