Autohome Inc. (NYSE:ATHM) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in Autohome Inc. (NYSE:ATHM) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,404 shares of the information services provider’s stock after selling 2,340 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.06% of Autohome worth $2,009,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ATHM. Robeco Institutional Asset Management B.V. raised its position in Autohome by 140.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider’s stock worth $44,602,000 after acquiring an additional 1,004,043 shares in the last quarter. North of South Capital LLP grew its stake in shares of Autohome by 16.3% during the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock worth $51,001,000 after purchasing an additional 274,974 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Autohome in the 3rd quarter valued at about $6,663,000. JPMorgan Chase & Co. lifted its stake in shares of Autohome by 78.1% in the third quarter. JPMorgan Chase & Co. now owns 154,988 shares of the information services provider’s stock valued at $5,056,000 after purchasing an additional 67,957 shares during the period. Finally, State Street Corp lifted its stake in shares of Autohome by 2.0% in the third quarter. State Street Corp now owns 1,382,468 shares of the information services provider’s stock valued at $45,096,000 after purchasing an additional 27,501 shares during the period. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Trading Down 1.6 %

NYSE:ATHM opened at $27.74 on Friday. The company has a market capitalization of $3.36 billion, a P/E ratio of 14.99 and a beta of 0.20. The firm has a 50-day moving average price of $28.92 and a two-hundred day moving average price of $28.59. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70.

Autohome (NYSE:ATHM) last issued its quarterly earnings data 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 net margin of 23.02% and a return on equity of 7.79%. The business had revenue of $244.33 million during the quarter, compared to analysts’ expectations of $243.26 million. On average, equities research analysts predict that Autohome Inc. will post 1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ATHM. StockNews.com lowered shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised Autohome from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $24.00 to $36.00 in a report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.00.

About Autohome

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.