Sei Investments Co. Buys 86,754 Shares of Autohome Inc. (NYSE:ATHM)

Sei Investments Co. boosted its position in Autohome Inc. (NYSE:ATHM) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 337,746 shares of the information services provider’s stock after acquiring an additional 86,754 shares during the quarter. Sei Investments Co. owned 0.28% of Autohome worth $8,764,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Autohome by 3.4% during the 4th quarter. American Century Companies Inc. now owns 541,940 shares of the information services provider’s stock valued at $14,063,000 after purchasing an additional 17,706 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Autohome in the fourth quarter worth approximately $269,000. Royal London Asset Management Ltd. bought a new position in Autohome during the fourth quarter valued at approximately $1,230,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Autohome by 155.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 203,295 shares of the information services provider’s stock worth $5,276,000 after acquiring an additional 123,787 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Autohome by 19.5% in the 4th quarter. US Bancorp DE now owns 35,920 shares of the information services provider’s stock worth $932,000 after acquiring an additional 5,850 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

ATHM has been the topic of several recent research reports. StockNews.com lowered shares of Autohome from a “buy” rating to a “hold” rating in a report on Friday, February 28th. The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upgraded 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 equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Autohome currently has a consensus rating of “Hold” and an average price target of $32.00.

Autohome Stock Down 1.6 %

Shares of Autohome stock opened at $27.74 on Monday. The company’s fifty day simple moving average is $28.92 and its two-hundred day simple moving average is $28.61. Autohome Inc. has a 12-month low of $21.89 and a 12-month high of $34.70. The firm has a market cap of $3.36 billion, a PE ratio of 14.99 and a beta of 0.20.

Autohome (NYSE:ATHM) last posted its earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $243.26 million. As a group, sell-side analysts expect that Autohome Inc. will post 1.84 earnings per share for the current fiscal 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.