Invesco Ltd. Raises Stock Position in Autohome Inc. (NYSE:ATHM)

Invesco Ltd. boosted its position in Autohome Inc. (NYSE:ATHM) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,388,268 shares of the information services provider’s stock after purchasing an additional 415,515 shares during the quarter. Invesco Ltd. owned 0.05% of Autohome worth $165,776,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Autohome by 3.1% in the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock worth $357,000 after buying an additional 420 shares in the last quarter. Ritholtz Wealth Management increased its stake in Autohome by 8.1% in the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after acquiring an additional 778 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Autohome by 27.4% in the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock valued at $222,000 after acquiring an additional 1,841 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Autohome by 16.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock valued at $505,000 after acquiring an additional 2,221 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Autohome by 5.5% during the fourth quarter. Franklin Resources Inc. now owns 43,714 shares of the information services provider’s stock worth $1,134,000 after purchasing an additional 2,266 shares in the last quarter. 63.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ATHM. JPMorgan Chase & Co. raised shares of Autohome from a “neutral” rating to an “overweight” rating and raised their target price for the company from $24.00 to $36.00 in a research note on Wednesday, March 12th. StockNews.com lowered shares of Autohome from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Autohome currently has an average rating of “Hold” and an average price target of $32.00.

Autohome Trading Up 3.1 %

Shares of NYSE ATHM opened at $26.21 on Friday. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 14.17 and a beta of 0.16. The stock’s 50-day moving average is $28.46 and its 200 day moving average is $28.41. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $34.70.

Autohome (NYSE:ATHM) last posted its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 EPS 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 the consensus estimate of $243.26 million. On average, analysts forecast that Autohome Inc. will post 1.84 EPS for the current fiscal 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.