Autohome Inc. (NYSE:ATHM) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Autohome Inc. (NYSE:ATHM) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,885 shares of the information services provider’s stock after selling 4,635 shares during the period. Bank of New York Mellon Corp owned approximately 0.06% of Autohome worth $1,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its stake in shares of Autohome by 27.4% during the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock worth $222,000 after acquiring an additional 1,841 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Autohome during the 3rd quarter worth approximately $228,000. Asset Management One Co. Ltd. boosted its stake in shares of Autohome by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider’s stock worth $261,000 after acquiring an additional 2,652 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Autohome by 8.1% during the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after acquiring an additional 778 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Autohome by 3.1% during the 4th quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock worth $357,000 after acquiring an additional 420 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. The Goldman Sachs Group raised Autohome to a “hold” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised Autohome from a “neutral” rating to an “overweight” rating and upped their target price for the company from $24.00 to $36.00 in a research note on Wednesday, March 12th. Finally, StockNews.com lowered Autohome from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Autohome Stock Down 4.4 %

Shares of Autohome stock opened at $28.38 on Friday. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The firm has a market cap of $3.44 billion, a PE ratio of 15.34 and a beta of 0.20. The business’s fifty day moving average is $28.76 and its two-hundred day moving average is $28.57.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 23.02%. The company had revenue of $244.33 million for the quarter, compared to analyst estimates of $243.26 million. Equities research analysts anticipate that Autohome Inc. will post 1.84 EPS 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.