Cornerstone Wealth Management LLC Purchases Shares of 2,990 Autohome Inc (ATHM)
Cornerstone Wealth Management LLC bought a new position in shares of Autohome Inc (NYSE:ATHM) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 2,990 shares of the information services provider’s stock, valued at approximately $224,000.
Several other large investors have also recently modified their holdings of ATHM. Teachers Advisors LLC purchased a new stake in shares of Autohome during the 2nd quarter worth about $1,030,000. Ameriprise Financial Inc. purchased a new stake in shares of Autohome during the 2nd quarter worth about $533,000. Northern Trust Corp grew its holdings in shares of Autohome by 1,357.6% during the 2nd quarter. Northern Trust Corp now owns 292,602 shares of the information services provider’s stock worth $13,273,000 after purchasing an additional 272,528 shares during the period. Vanguard Group Inc. purchased a new stake in shares of Autohome during the 2nd quarter worth about $16,274,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Autohome during the 2nd quarter worth about $283,000. Institutional investors and hedge funds own 37.06% of the company’s stock.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Autohome from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Thursday, December 14th. Benchmark boosted their target price on Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. BidaskClub cut Autohome from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Deutsche Bank boosted their target price on Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, Citigroup assumed coverage on Autohome in a report on Tuesday, January 2nd. They set a “buy” rating and a $83.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $68.97.
Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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