Krane Funds Advisors LLC Has $93.18 Million Stock Position in Autohome Inc. $ATHM

Krane Funds Advisors LLC increased its holdings in shares of Autohome Inc. (NYSE:ATHM) by 25.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,387,052 shares of the information services provider’s stock after acquiring an additional 678,214 shares during the quarter. Autohome makes up approximately 2.6% of Krane Funds Advisors LLC’s holdings, making the stock its 10th biggest holding. Krane Funds Advisors LLC owned 2.90% of Autohome worth $93,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. raised its position in shares of Autohome by 9.6% during the 3rd quarter. Federated Hermes Inc. now owns 1,526,558 shares of the information services provider’s stock worth $43,583,000 after purchasing an additional 133,525 shares during the period. North of South Capital LLP boosted its position in Autohome by 3.6% during the 3rd quarter. North of South Capital LLP now owns 2,284,939 shares of the information services provider’s stock valued at $65,235,000 after purchasing an additional 78,978 shares during the period. Long Corridor Asset Management Ltd boosted its position in Autohome by 72.5% during the 2nd quarter. Long Corridor Asset Management Ltd now owns 557,359 shares of the information services provider’s stock valued at $14,374,000 after purchasing an additional 234,276 shares during the period. KBC Group NV grew its stake in Autohome by 19.5% during the 2nd quarter. KBC Group NV now owns 93,681 shares of the information services provider’s stock worth $2,416,000 after buying an additional 15,272 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Autohome by 32.0% in the second quarter. Schroder Investment Management Group now owns 1,215,213 shares of the information services provider’s stock worth $31,340,000 after buying an additional 294,701 shares during the period. Institutional investors own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ATHM. JPMorgan Chase & Co. downgraded shares of Autohome from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $28.00 in a report on Wednesday, October 29th. Zacks Research downgraded shares of Autohome from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Autohome in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Autohome presently has an average rating of “Reduce” and an average price target of $28.00.

Autohome Trading Down 0.9%

ATHM stock opened at $20.87 on Tuesday. The firm’s 50-day moving average is $22.32 and its two-hundred day moving average is $25.24. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 12.27 and a beta of 0.11. Autohome Inc. has a 52 week low of $20.53 and a 52 week high of $31.50.

Autohome Company 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.