E Fund Management Co. Ltd. Cuts Stake in Autohome Inc. (NYSE:ATHM)

E Fund Management Co. Ltd. cut its stake in Autohome Inc. (NYSE:ATHM) by 0.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 435,615 shares of the information services provider’s stock after selling 1,588 shares during the quarter. Autohome makes up approximately 0.8% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 18th biggest position. E Fund Management Co. Ltd.’s holdings in Autohome were worth $12,223,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in shares of Autohome by 23.9% during the 4th quarter. Russell Investments Group Ltd. now owns 738,975 shares of the information services provider’s stock worth $20,598,000 after acquiring an additional 142,413 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of Autohome by 215.0% in the third quarter. Legacy Wealth Asset Management LLC now owns 72,384 shares of the information services provider’s stock valued at $2,197,000 after purchasing an additional 49,403 shares during the period. Envestnet Asset Management Inc. increased its stake in Autohome by 128.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 114,043 shares of the information services provider’s stock valued at $3,461,000 after purchasing an additional 64,092 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Autohome by 29.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 108,386 shares of the information services provider’s stock worth $3,290,000 after purchasing an additional 24,411 shares in the last quarter. Finally, Krane Funds Advisors LLC grew its stake in Autohome by 13.8% in the 3rd quarter. Krane Funds Advisors LLC now owns 2,530,893 shares of the information services provider’s stock worth $76,813,000 after acquiring an additional 306,432 shares during the period. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Trading Up 1.9 %

Shares of Autohome stock traded up $0.54 during trading hours on Thursday, reaching $29.00. The stock had a trading volume of 451,977 shares, compared to its average volume of 426,784. The firm has a 50 day simple moving average of $26.03 and a two-hundred day simple moving average of $26.40. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 13.54 and a beta of 0.22. Autohome Inc. has a 1 year low of $23.81 and a 1 year high of $34.10.

Autohome (NYSE:ATHM) last announced its quarterly earnings results on Tuesday, February 6th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $269.22 million for the quarter, compared to the consensus estimate of $264.99 million. Autohome had a return on equity of 8.23% and a net margin of 26.14%. Sell-side analysts forecast that Autohome Inc. will post 2.24 EPS for the current year.

Autohome Company Profile

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.