Mirae Asset Global Investments Co. Ltd. Lowers Stock Holdings in Autohome Inc. (NYSE:ATHM)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Autohome Inc. (NYSE:ATHM) by 54.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,739 shares of the information services provider’s stock after selling 12,928 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Autohome were worth $279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its stake in Autohome by 140.5% during 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 buying an additional 1,004,043 shares during the period. Ritholtz Wealth Management lifted its stake in Autohome by 8.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock valued at $270,000 after buying an additional 778 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 67,957 shares during the period. Franklin Resources Inc. grew its holdings in shares of Autohome by 7.4% during the third quarter. Franklin Resources Inc. now owns 41,448 shares of the information services provider’s stock worth $1,342,000 after buying an additional 2,857 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in Autohome by 16.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock valued at $505,000 after acquiring an additional 2,221 shares during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ATHM shares. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a report on Wednesday, December 11th. Four research 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 company’s stock. According to data from MarketBeat.com, Autohome presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Autohome Stock Performance

Shares of NYSE ATHM opened at $29.67 on Friday. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70. The stock has a fifty day moving average price of $27.09 and a two-hundred day moving average price of $27.44. The firm has a market cap of $3.59 billion, a P/E ratio of 14.76 and a beta of 0.18.

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.