Quantbot Technologies LP Makes New Investment in Autohome Inc. (NYSE:ATHM)

Quantbot Technologies LP acquired a new stake in Autohome Inc. (NYSE:ATHM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,383 shares of the information services provider’s stock, valued at approximately $269,000.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Autohome by 3.1% in the 4th quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock valued at $357,000 after acquiring an additional 420 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of 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 during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Autohome by 27.4% in the fourth 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 in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Autohome by 16.7% during the third quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock valued at $505,000 after buying an additional 2,221 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in Autohome by 37.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider’s stock worth $261,000 after buying an additional 2,652 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Stock Down 1.6 %

ATHM opened at $27.74 on Friday. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70. The company’s 50-day moving average price is $28.92 and its two-hundred day moving average price is $28.60. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 14.99 and a beta of 0.20.

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

Analyst Upgrades and Downgrades

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

About Autohome

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.