38,418 Shares in Autohome Inc. $ATHM Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Autohome Inc. (NYSE:ATHM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,418 shares of the information services provider’s stock, valued at approximately $1,097,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ATHM. Ethic Inc. acquired a new position in shares of Autohome in the 2nd quarter worth $373,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Autohome by 16.3% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 15,629 shares of the information services provider’s stock valued at $403,000 after purchasing an additional 2,194 shares during the period. Resona Asset Management Co. Ltd. boosted its position in shares of Autohome by 18.6% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 21,684 shares of the information services provider’s stock valued at $560,000 after purchasing an additional 3,397 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in Autohome by 128.0% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 22,245 shares of the information services provider’s stock worth $574,000 after purchasing an additional 12,487 shares in the last quarter. Finally, KBC Group NV raised its holdings 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 period. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Price Performance

NYSE ATHM opened at $20.92 on Monday. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 12.30 and a beta of 0.11. The company has a 50 day simple moving average of $22.86 and a 200-day simple moving average of $25.74. Autohome Inc. has a 52-week low of $20.53 and a 52-week high of $32.70.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Autohome in a report on Monday, December 29th. 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 research report on Wednesday, October 29th. Finally, Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.