Raymond James & Associates Has $6.22 Million Holdings in Autohome Inc. (NYSE:ATHM)

Raymond James & Associates decreased its position in shares of Autohome Inc. (NYSE:ATHM – Get Rating) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 203,160 shares of the information services provider’s stock after selling 12,743 shares during the period. Raymond James & Associates owned about 0.16% of Autohome worth $6,217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ATHM. Alliance Wealth Advisors LLC UT acquired a new stake in shares of Autohome in the fourth quarter valued at $248,000. Desjardins Global Asset Management Inc. raised its stake in shares of Autohome by 388.9% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 5,495 shares of the information services provider’s stock worth $168,000 after acquiring an additional 4,371 shares during the last quarter. Fox Run Management L.L.C. lifted its position in shares of Autohome by 38.9% during the fourth quarter. Fox Run Management L.L.C. now owns 14,084 shares of the information services provider’s stock worth $431,000 after purchasing an additional 3,946 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Autohome by 163.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 39,528 shares of the information services provider’s stock valued at $1,210,000 after purchasing an additional 24,518 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Autohome in the fourth quarter valued at approximately $39,623,000. Institutional investors own 47.76% of the company’s stock.

Autohome Price Performance

Autohome stock opened at $30.02 on Monday. Autohome Inc. has a fifty-two week low of $23.66 and a fifty-two week high of $40.89. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 13.65 and a beta of 0.22. The company’s 50 day simple moving average is $30.42 and its 200 day simple moving average is $31.78.

Autohome (NYSE:ATHM – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The information services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.11. The company had revenue of $274.50 million during the quarter, compared to analyst estimates of $266.10 million. Autohome had a net margin of 27.00% and a return on equity of 8.77%. As a group, analysts predict that Autohome Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ATHM. StockNews.com lowered Autohome from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. JPMorgan Chase & Co. started coverage on Autohome in a report on Monday, January 30th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.50.

Autohome Profile

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Autohome, Inc is a holding company, which engages in the development, operation, and maintenance of mobile applications and automobile websites. It offers used vehicles and new car dealer listings. The firm provides professionally produced and user-generated content, a comprehensive automobile library and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle.