Pictet Asset Management Holding SA Increases Holdings in Autohome Inc. $ATHM

Pictet Asset Management Holding SA grew its holdings in shares of Autohome Inc. (NYSE:ATHM) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 418,500 shares of the information services provider’s stock after buying an additional 104,800 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Autohome were worth $9,316,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in shares of Autohome by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock valued at $236,000 after buying an additional 438 shares in the last quarter. Guinness Asset Management LTD raised its position in shares of Autohome by 20.9% during the 3rd quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock valued at $79,000 after buying an additional 469 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Autohome by 30.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after buying an additional 674 shares in the last quarter. Barclays PLC raised its position in shares of Autohome by 1.2% during the 3rd quarter. Barclays PLC now owns 67,558 shares of the information services provider’s stock valued at $1,929,000 after buying an additional 789 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Autohome by 7.4% during the 3rd quarter. Rhumbline Advisers now owns 11,707 shares of the information services provider’s stock valued at $334,000 after buying an additional 807 shares in the last quarter. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Price Performance

Autohome stock opened at $18.60 on Friday. Autohome Inc. has a 1-year low of $16.74 and a 1-year high of $29.92. The firm has a market capitalization of $2.14 billion, a P/E ratio of 11.34 and a beta of 0.26. The company’s 50-day moving average is $18.51 and its 200 day moving average is $21.79.

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

Analysts Set New Price Targets

ATHM has been the topic of several recent research reports. Weiss Ratings cut shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. 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 raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Benchmark reissued a “hold” rating on shares of Autohome in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $28.00.

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.