Massachusetts Financial Services Co. MA acquired a new stake in Autohome Inc (NYSE:ATHM) in the third quarter, Holdings Channel reports. The institutional investor acquired 11,905 shares of the information services provider’s stock, valued at approximately $921,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its holdings in Autohome by 17.8% in the second quarter. Acadian Asset Management LLC now owns 3,072,359 shares of the information services provider’s stock valued at $310,310,000 after buying an additional 464,887 shares in the last quarter. Standard Life Aberdeen plc increased its holdings in Autohome by 21,884.6% in the second quarter. Standard Life Aberdeen plc now owns 1,826,703 shares of the information services provider’s stock valued at $184,506,000 after buying an additional 1,818,394 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in Autohome by 39.4% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,639,100 shares of the information services provider’s stock valued at $126,882,000 after buying an additional 463,200 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Autohome by 57.1% in the second quarter. Russell Investments Group Ltd. now owns 463,556 shares of the information services provider’s stock valued at $46,806,000 after buying an additional 168,553 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Autohome by 33.3% in the second quarter. Legal & General Group Plc now owns 341,077 shares of the information services provider’s stock valued at $34,448,000 after buying an additional 85,293 shares in the last quarter. 44.95% of the stock is owned by institutional investors.

A number of research firms have weighed in on ATHM. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Wednesday, October 31st. CLSA set a $95.00 target price on shares of Autohome and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Finally, JPMorgan Chase & Co. began coverage on shares of Autohome in a research note on Wednesday, August 29th. They set a “hold” rating and a $80.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $83.50.

ATHM stock opened at $68.66 on Friday. The stock has a market cap of $9.14 billion, a PE ratio of 25.96 and a beta of 1.86. Autohome Inc has a 52 week low of $52.93 and a 52 week high of $119.50.

Autohome (NYSE:ATHM) last released its earnings results on Wednesday, August 8th. The information services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.03. The business had revenue of $282.43 million during the quarter. Autohome had a net margin of 36.15% and a return on equity of 27.64%. As a group, research analysts forecast that Autohome Inc will post 3.4 EPS for the current fiscal year.

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Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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