Marshall Wace LLP Sells 3,300 Shares of Autohome Inc. (NYSE:ATHM)

Marshall Wace LLP cut its holdings in Autohome Inc. (NYSE:ATHM) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,419 shares of the information services provider’s stock after selling 3,300 shares during the period. Marshall Wace LLP’s holdings in Autohome were worth $634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Autohome during the 3rd quarter valued at $784,000. JPMorgan Chase & Co. raised its holdings in Autohome by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 159,800 shares of the information services provider’s stock valued at $4,147,000 after acquiring an additional 4,812 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Autohome by 27.4% in the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock valued at $222,000 after acquiring an additional 1,841 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Autohome by 15.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 108,173 shares of the information services provider’s stock worth $2,807,000 after acquiring an additional 14,200 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of 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 purchasing an additional 1,004,043 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. upgraded shares of Autohome from a “neutral” rating to an “overweight” rating and lifted their price target for the company 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Autohome has an average rating of “Hold” and a consensus price target of $32.00.

Autohome Stock Performance

NYSE:ATHM opened at $27.12 on Friday. The stock’s fifty day moving average is $27.88 and its 200 day moving average is $27.85. The firm has a market capitalization of $3.25 billion, a PE ratio of 14.66 and a beta of 0.16. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70.

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 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 firm had revenue of $244.33 million for the quarter, compared to the consensus estimate of $243.26 million. Equities analysts forecast that Autohome Inc. will post 1.84 EPS for the current year.

Autohome Company 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.