Asset Management One Co. Ltd. lifted its position in shares of Autohome Inc. (NYSE:ATHM – Get Rating) by 17.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,887 shares of the information services provider's stock after buying an additional 2,689 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Autohome were worth $514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. acquired a new stake in shares of Autohome in the second quarter worth approximately $221,000. Vestmark Advisory Solutions Inc. boosted its position in shares of Autohome by 18.3% in the second quarter. Vestmark Advisory Solutions Inc. now owns 36,688 shares of the information services provider's stock worth $1,443,000 after acquiring an additional 5,673 shares during the last quarter. M&G Investment Management Ltd. boosted its position in shares of Autohome by 5.1% in the second quarter. M&G Investment Management Ltd. now owns 2,748,988 shares of the information services provider's stock worth $107,211,000 after acquiring an additional 134,614 shares during the last quarter. GAM Holding AG acquired a new stake in shares of Autohome in the third quarter worth approximately $4,026,000. Finally, Seldon Capital LP acquired a new stake in shares of Autohome in the second quarter worth approximately $2,790,000. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Stock Up 3.9 %

ATHM opened at $36.21 on Thursday. The firm has a market capitalization of $4.55 billion, a P/E ratio of 20.57 and a beta of 0.21. The firm's 50 day moving average is $32.87 and its 200-day moving average is $32.52. Autohome Inc. has a 52-week low of $20.49 and a 52-week high of $40.89.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Autohome in a research report on Monday. They set a "neutral" rating on the stock. Daiwa Capital Markets reduced their price target on shares of Autohome from $46.00 to $43.00 in a research report on Wednesday, October 26th. StockNews.com raised shares of Autohome from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Jefferies Financial Group reduced their price target on shares of Autohome from $56.00 to $49.00 in a research report on Monday, October 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.93.

Autohome Company Profile

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Autohome, Inc is a holding company, which engages in the development, operation, and maintenance of mobile applications and automobile websites. It offers used vehicles and new car dealer listings. The firm provides professionally produced and user-generated content, a comprehensive automobile library and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle.

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