Harvest Fund Management Co. Ltd Trims Holdings in Autohome Inc. (NYSE:ATHM)

Harvest Fund Management Co. Ltd cut its holdings in Autohome Inc. (NYSE:ATHM) by 30.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,278 shares of the information services provider’s stock after selling 11,629 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Autohome were worth $681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlueCrest Capital Management Ltd purchased a new stake in shares of Autohome in the 3rd quarter worth about $228,000. Vontobel Holding Ltd. grew its position in Autohome by 27.4% during the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock valued at $222,000 after purchasing an additional 1,841 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Autohome by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider’s stock valued at $261,000 after purchasing an additional 2,652 shares during the last quarter. Ritholtz Wealth Management grew its position in Autohome by 8.1% during the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock valued at $270,000 after purchasing an additional 778 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Autohome by 3.1% during the 4th quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock valued at $357,000 after purchasing an additional 420 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Autohome Stock Down 2.5 %

Shares of NYSE ATHM opened at $29.61 on Friday. The firm’s 50-day moving average price is $28.70 and its 200-day moving average price is $28.52. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70. The company has a market cap of $3.59 billion, a PE ratio of 16.00 and a beta of 0.20.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. Autohome had a net margin of 23.02% and a return on equity of 7.79%. The firm had revenue of $244.33 million for the quarter, compared to analysts’ expectations of $243.26 million. As a group, equities research analysts anticipate that Autohome Inc. will post 1.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ATHM has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. StockNews.com downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. raised shares of Autohome from a “neutral” rating to an “overweight” rating and raised their price target for the company from $24.00 to $36.00 in a report on Wednesday, March 12th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Autohome currently has a consensus rating of “Hold” and an average price target of $32.00.

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.