Autohome Inc. (NYSE:ATHM) Shares Sold by abrdn plc

abrdn plc lowered its stake in Autohome Inc. (NYSE:ATHM) by 37.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,214,735 shares of the information services provider’s stock after selling 712,497 shares during the quarter. abrdn plc’s holdings in Autohome were worth $31,134,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vontobel Holding Ltd. acquired a new stake in Autohome in the third quarter worth about $219,000. BlueCrest Capital Management Ltd acquired a new stake in Autohome in the 3rd quarter valued at about $228,000. Ritholtz Wealth Management lifted its holdings in Autohome by 8.1% in the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock valued at $270,000 after acquiring an additional 778 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Autohome by 31.2% in the 3rd quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock valued at $304,000 after acquiring an additional 2,212 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Autohome in the 2nd quarter valued at about $345,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Trading Down 2.4 %

ATHM stock opened at $27.29 on Thursday. Autohome Inc. has a one year low of $21.89 and a one year high of $34.70. The firm has a market capitalization of $3.30 billion, a PE ratio of 13.57 and a beta of 0.18. The firm has a 50-day moving average of $27.09 and a two-hundred day moving average of $27.33.

Wall Street Analyst Weigh In

ATHM has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Autohome from a “buy” rating to a “hold” rating in a report on Monday. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Autohome has a consensus rating of “Hold” and an average price target of $28.00.

About Autohome

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.