469,961 Shares in Autohome Inc. (NYSE:ATHM) Bought by Norges Bank

Norges Bank acquired a new position in shares of Autohome Inc. (NYSE:ATHM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 469,961 shares of the information services provider's stock, valued at approximately $12,195,000. Norges Bank owned 0.39% of Autohome as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in Autohome by 2.0% in the third quarter. State Street Corp now owns 1,382,468 shares of the information services provider's stock valued at $45,096,000 after buying an additional 27,501 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Autohome during the 3rd quarter valued at approximately $784,000. XTX Topco Ltd increased its position in Autohome by 211.3% during the 3rd quarter. XTX Topco Ltd now owns 25,048 shares of the information services provider's stock worth $817,000 after purchasing an additional 17,002 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Autohome in the 3rd quarter valued at approximately $6,663,000. Finally, Geode Capital Management LLC boosted its position in Autohome by 3.5% in the third quarter. Geode Capital Management LLC now owns 413,932 shares of the information services provider's stock valued at $13,395,000 after buying an additional 13,944 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Autohome from a "buy" rating to a "hold" rating in a report on Friday, February 28th. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and increased their target price for the company from $24.00 to $36.00 in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $32.00.

Autohome Stock Performance

Shares of NYSE:ATHM traded up $0.80 during mid-day trading on Friday, reaching $26.21. 736,527 shares of the company's stock were exchanged, compared to its average volume of 513,291. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 14.17 and a beta of 0.16. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70. The business's fifty day moving average price is $28.46 and its 200-day moving average price is $28.41.

Autohome (NYSE:ATHM - Get Free Report) last announced its 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. The firm had revenue of $244.33 million for the quarter, compared to the consensus estimate of $243.26 million. Autohome had a return on equity of 7.79% and a net margin of 23.02%. Analysts predict 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.