Asset Management One Co. Ltd. Grows Position in Autohome Inc. (NYSE:ATHM)

Asset Management One Co. Ltd. raised its stake in shares of Autohome Inc. (NYSE:ATHM) by 37.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,742 shares of the information services provider’s stock after buying an additional 2,652 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Autohome were worth $261,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Creative Planning boosted its holdings in Autohome by 14.2% in the third quarter. Creative Planning now owns 20,938 shares of the information services provider’s stock worth $683,000 after acquiring an additional 2,603 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in Autohome in the third quarter worth $219,000. Assenagon Asset Management S.A. boosted its holdings in Autohome by 106.2% in the third quarter. Assenagon Asset Management S.A. now owns 683,144 shares of the information services provider’s stock worth $22,284,000 after acquiring an additional 351,789 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Autohome by 31.2% in the third quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock worth $304,000 after acquiring an additional 2,212 shares in the last quarter. Finally, M&G PLC boosted its holdings in Autohome by 9.6% in the third quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock worth $111,701,000 after acquiring an additional 296,107 shares in the last quarter. 63.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ATHM has been the topic of a number of research analyst reports. CLSA downgraded Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. The Goldman Sachs Group raised Autohome to a “hold” rating in a report on Wednesday, December 11th. Finally, StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.00.

Autohome Price Performance

Shares of NYSE:ATHM opened at $30.13 on Friday. The company has a market cap of $3.65 billion, a P/E ratio of 14.99 and a beta of 0.18. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70. The stock’s fifty day moving average price is $27.32 and its 200-day moving average price is $27.67.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 24.36%. On average, sell-side analysts anticipate that Autohome Inc. will post 2.11 earnings per share for the current year.

Autohome 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.