469,961 Shares in Autohome Inc. (NYSE:ATHM) Purchased by Norges Bank

Norges Bank acquired a new stake in Autohome Inc. (NYSE:ATHM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 469,961 shares of the information services provider’s stock, valued at approximately $12,195,000. Norges Bank owned 0.39% of Autohome at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rhumbline Advisers lifted its position in shares of Autohome by 3.1% during the 4th quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock valued at $357,000 after buying an additional 420 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in Autohome by 8.1% during the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock valued at $270,000 after purchasing an additional 778 shares in the last quarter. Vontobel Holding Ltd. grew 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 purchasing an additional 1,841 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Autohome by 16.7% during the third quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock worth $505,000 after purchasing an additional 2,221 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Autohome by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider’s stock worth $261,000 after purchasing an additional 2,652 shares during the last quarter. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Price Performance

ATHM opened at $24.77 on Tuesday. The company’s 50 day simple moving average is $28.86 and its two-hundred day simple moving average is $28.59. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 13.39 and a beta of 0.16. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $34.70.

Autohome (NYSE:ATHM) last released 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 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 analyst estimates of $243.26 million. On average, equities analysts anticipate that Autohome Inc. will post 1.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ATHM. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Autohome from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. Finally, StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.00.

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.