Vanguard Group Inc. Raises Holdings in Autohome Inc. (NYSE:ATHM)

Vanguard Group Inc. boosted its holdings in shares of Autohome Inc. (NYSE:ATHM) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,475,258 shares of the information services provider’s stock after acquiring an additional 130,983 shares during the quarter. Vanguard Group Inc.’s holdings in Autohome were worth $64,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. raised its stake in shares of Autohome by 27.4% in the 4th 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 during the period. Asset Management One Co. Ltd. raised its position in Autohome by 37.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider’s stock valued at $261,000 after purchasing an additional 2,652 shares during the period. Quantbot Technologies LP purchased a new stake in Autohome in the fourth quarter valued at approximately $269,000. Ritholtz Wealth Management lifted its stake in Autohome by 8.1% during the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after purchasing an additional 778 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Autohome by 3.1% during the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock worth $357,000 after buying an additional 420 shares during the period. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Price Performance

ATHM opened at $26.21 on Friday. The business has a fifty day moving average price of $28.46 and a 200 day moving average price of $28.41. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 14.17 and a beta of 0.16.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 EPS 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 business had revenue of $244.33 million during the quarter, compared to the consensus estimate of $243.26 million. On average, research analysts anticipate that Autohome Inc. will post 1.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATHM has been the topic of several research analyst reports. StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a report on Friday, February 28th. JPMorgan Chase & Co. upgraded shares of 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 note on Wednesday, March 12th. Five 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’s stock. Based on data from MarketBeat, Autohome has a consensus rating of “Hold” and a consensus price target of $32.00.

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.