Autohome Inc. $ATHM Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of Autohome Inc. (NYSE:ATHM) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,682,506 shares of the information services provider’s stock after acquiring an additional 39,969 shares during the quarter. Vanguard Group Inc. owned approximately 2.30% of Autohome worth $59,713,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ATHM. Raymond James Financial Inc. acquired a new position in shares of Autohome during the second quarter valued at approximately $29,000. Guinness Asset Management LTD raised its holdings in shares of Autohome by 20.9% during the third quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock valued at $79,000 after acquiring an additional 469 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Autohome by 30.5% during the third quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after acquiring an additional 674 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Autohome by 141.7% during the third quarter. PNC Financial Services Group Inc. now owns 3,222 shares of the information services provider’s stock worth $92,000 after buying an additional 1,889 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Autohome in the third quarter valued at about $106,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Trading Down 3.6%

Shares of ATHM opened at $17.08 on Friday. Autohome Inc. has a 12-month low of $16.74 and a 12-month high of $29.92. The firm has a 50-day moving average price of $18.33 and a 200 day moving average price of $21.26. The firm has a market capitalization of $1.97 billion, a P/E ratio of 10.41 and a beta of 0.26.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Sunday, February 15th. The information services provider reported $0.09 earnings per share (EPS) for the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. The firm had revenue of $208.96 million during the quarter. Equities research analysts predict that Autohome Inc. will post 1.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ATHM. Wall Street Zen cut shares of Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Benchmark reiterated a “hold” rating on shares of Autohome in a research report on Tuesday, February 24th. Weiss Ratings cut shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Finally, HSBC cut shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price for the company. in a research report on Thursday. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $22.65.

Autohome Profile

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.