Rhumbline Advisers Boosts Position in Autohome Inc. (NYSE:ATHM)

Rhumbline Advisers boosted its stake in shares of Autohome Inc. (NYSE:ATHM) by 3.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,761 shares of the information services provider’s stock after purchasing an additional 420 shares during the period. Rhumbline Advisers’ holdings in Autohome were worth $357,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ATHM. Harvest Fund Management Co. Ltd increased its position in shares of Autohome by 1.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock worth $1,238,000 after acquiring an additional 394 shares during the period. Ritholtz Wealth Management grew its stake in Autohome by 8.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after purchasing an additional 778 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Autohome by 27.4% during the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock worth $222,000 after purchasing an additional 1,841 shares during the period. Van ECK Associates Corp raised its position in Autohome by 31.2% during the 3rd quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock valued at $304,000 after purchasing an additional 2,212 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Autohome by 16.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock worth $505,000 after buying an additional 2,221 shares during the period. 63.08% of the stock is owned by hedge funds and other institutional investors.

Autohome Trading Down 1.2 %

Shares of NYSE ATHM opened at $30.54 on Monday. Autohome Inc. has a 12-month low of $21.89 and a 12-month high of $34.70. The stock’s fifty day simple moving average is $27.96 and its two-hundred day simple moving average is $28.23. The stock has a market capitalization of $3.70 billion, a PE ratio of 16.51 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 analysts’ consensus estimates of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 23.02%. The firm had revenue of $244.33 million during the quarter, compared to analysts’ expectations of $243.26 million. On average, equities analysts predict that Autohome Inc. will post 1.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ATHM shares. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research note 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. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.00.

Autohome 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.