UBS Group AG boosted its holdings in shares of Autohome Inc. (NYSE:ATHM – Free Report) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 595,970 shares of the information services provider’s stock after purchasing an additional 148,865 shares during the period. UBS Group AG’s holdings in Autohome were worth $13,266,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Autohome by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock valued at $236,000 after purchasing an additional 438 shares during the period. Guinness Asset Management LTD lifted its position in shares of Autohome by 20.9% during the 3rd quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock worth $79,000 after buying an additional 469 shares during the period. Parallel Advisors LLC lifted its position in shares of Autohome by 30.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock worth $82,000 after buying an additional 674 shares during the period. Barclays PLC boosted its stake in Autohome by 1.2% in the 3rd quarter. Barclays PLC now owns 67,558 shares of the information services provider’s stock valued at $1,929,000 after buying an additional 789 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Autohome by 7.4% in the 3rd quarter. Rhumbline Advisers now owns 11,707 shares of the information services provider’s stock valued at $334,000 after buying an additional 807 shares in the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.
Autohome Stock Down 7.5%
Shares of NYSE:ATHM opened at $17.77 on Friday. The firm has a market cap of $2.05 billion, a P/E ratio of 10.83 and a beta of 0.26. Autohome Inc. has a 12 month low of $16.74 and a 12 month high of $29.92. The company’s 50-day moving average price is $18.34 and its two-hundred day moving average price is $21.29.
Analysts Set New Price Targets
Several research firms have issued reports on ATHM. Wall Street Zen lowered Autohome from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Benchmark restated a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th. HSBC lowered shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price on the stock. in a report on Thursday. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings downgraded shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $22.65.
View Our Latest Stock Analysis on Autohome
About Autohome
Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.
In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.
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