E Fund Management Hong Kong Co. Ltd. Buys 34,139 Shares of Autohome Inc. $ATHM

E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Autohome Inc. (NYSE:ATHM) by 75.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 79,418 shares of the information services provider’s stock after purchasing an additional 34,139 shares during the quarter. Autohome makes up about 0.7% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 28th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Autohome were worth $1,719,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ATHM. Invesco Ltd. boosted its position in Autohome by 12.2% during the third quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock valued at $227,497,000 after purchasing an additional 868,151 shares in the last quarter. Krane Funds Advisors LLC boosted its position in Autohome by 25.0% during the third quarter. Krane Funds Advisors LLC now owns 3,387,052 shares of the information services provider’s stock valued at $93,178,000 after purchasing an additional 678,214 shares in the last quarter. UBS Group AG boosted its position in Autohome by 33.3% during the fourth quarter. UBS Group AG now owns 595,970 shares of the information services provider’s stock valued at $13,266,000 after purchasing an additional 148,865 shares in the last quarter. Federated Hermes Inc. boosted its position in Autohome by 9.6% during the third quarter. Federated Hermes Inc. now owns 1,526,558 shares of the information services provider’s stock valued at $43,583,000 after purchasing an additional 133,525 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Autohome by 117.4% during the third quarter. Dimensional Fund Advisors LP now owns 224,447 shares of the information services provider’s stock valued at $6,410,000 after purchasing an additional 121,211 shares in the last quarter. Institutional investors own 63.08% of the company’s stock.

Analyst Upgrades and Downgrades

ATHM has been the topic of several analyst reports. Weiss Ratings lowered shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen cut Autohome from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Benchmark reiterated a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $28.00.

Autohome Stock Performance

Shares of ATHM stock opened at $19.22 on Thursday. The stock’s 50-day simple moving average is $18.36 and its 200-day simple moving average is $21.35. The firm has a market capitalization of $2.21 billion, a PE ratio of 11.72 and a beta of 0.26. Autohome Inc. has a fifty-two week low of $16.74 and a fifty-two week high of $29.92.

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

About Autohome

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.