Acadian Asset Management LLC recently announced the acquisition of new stake in Autohome Inc ADR (NYSE:ATHM). The institutional investor has increased its shareholding in the Communication Services company by 17.73% to 3.94 million shares with purchase of 0.59 million shares. This fresh investment now brings its stake to 3.09% valued currently at $107.51 million. In addition, M&G Investment Management Ltd. raised its holdings by 0.22 million to 3.16 million shares. And FIL Investments International has lifted its position by 3.59% or 0.11 million shares – to 3.06 million shares.
With over 0.45 million Autohome Inc ADR (ATHM) shares trading Friday and a closing price of $28.06 on the day, the dollar volume was approximately $12.51 million. The shares have shown a negative half year performance of -3.77% and its price on 12/29/23 gained nearly 1.48%. Currently, there are 123.19M common shares owned by the public and among those 123.09M shares have been available to trade.
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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 $68.10. The analysts have set the share’s price value over the next 12 months at a high of $89.99 and a low of $54.77. The average price target is 19.85% above its recent price level and an upside to the estimated low will see the stock gain 48.77% over that period. But an upside of 68.82% will see the stock hit the forecast high price target while median target price for the stock is $64.94.
The top 3 mutual fund holders in Autohome Inc ADR are KraneShares CSI China Internet ET, Fidelity Funds SICAV – Global Tec, and Invesco Far Eastern Invt. Ser. -. KraneShares CSI China Internet ET owns 2.39 million shares of the company’s stock, all valued at over $65.2 million. Fidelity Funds SICAV – Global Tec bought 5382.0 shares to see its total holdings expand to 2.27 million shares valued at over $61.96 million and representing 1.78% of the shares outstanding. Invesco Far Eastern Invt. Ser. – bought 34686.0 shares to bring its total holdings to over 1.62 million shares at a value of $44.12 million. Invesco Far Eastern Invt. Ser. – now owns shares totaling to 1.27% of the shares outstanding.
Shares of Autohome Inc ADR (NYSE: ATHM) opened at $27.51, down -$0.14 from a prior closing price of $27.65. However, the script later moved the day high at 28.19, up 1.48%. The company’s stock has a 5-day price change of -1.27% and -7.55% over the past three months. ATHM shares are trading -8.30% year to date (YTD), with the 12-month market performance down to -5.90% lower. It has a 12-month low price of $25.74 and touched a high of $38.91 over the same period. ATHM has an average intraday trading volume of 434.05K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.19%, 3.61%, and -4.22% respectively.
Institutional ownership of Autohome Inc ADR (NYSE: ATHM) shares accounts for 51.05% of the company’s 123.19M shares outstanding. Mutual fund holders own 23.48%, while other institutional holders and individual stakeholders account for 26.14% and — respectively.
It has a market capitalization of $3.46B and a beta (3y monthly) value of 0.22. The stock’s trailing 12-month PE ratio is 12.06, while the earnings-per-share (ttm) stands at $2.33. The company has a PEG of 3.71 and a Quick Ratio of 6.31 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 2.44% over the week and 2.54% over the month.
Analysts forecast that Autohome Inc ADR (ATHM) will achieve an EPS of $0.58 for the current quarter, $0.5 for the next quarter and $2.4 for 2024. The lowest estimate earnings-per-share for the quarter is $0.5 while analysts give the company a high EPS estimate of $0.63. Comparatively, EPS for the current quarter was $0.79 a year ago. Earnings per share for the fiscal year are expected to increase by 11.41%, and -1.46% over the next financial year. EPS should grow at an annualized rate of 3.25% over the next five years, compared to -1.74% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Autohome Inc ADR (ATHM) as a “Moderate Buy” at a consensus score of 2.07. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 7 of the 14 advise that investors “hold,” and 0 rated it as a “Sell.”
