Amundi Sells 12,207 Shares of Autohome Inc. (NYSE:ATHM)

Amundi trimmed its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 127,971 shares of the information services provider's stock after selling 12,207 shares during the quarter. Amundi owned about 0.11% of Autohome worth $3,302,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in Autohome in the third quarter valued at approximately $6,663,000. Jane Street Group LLC acquired a new position in shares of Autohome during the 3rd quarter worth $784,000. Vontobel Holding Ltd. raised its holdings in shares of 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 buying an additional 1,841 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Autohome by 33.8% during the 3rd quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider's stock worth $3,484,000 after buying an additional 26,657 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Autohome by 78.1% in the third quarter. JPMorgan Chase & Co. now owns 154,988 shares of the information services provider's stock valued at $5,056,000 after buying an additional 67,957 shares in the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com cut shares of Autohome from a "buy" rating to a "hold" rating in a report on Friday, February 28th. The Goldman Sachs Group raised shares of Autohome to a "hold" rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised shares of Autohome from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $24.00 to $36.00 in a research note on Wednesday, March 12th. Five 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $32.00.

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Autohome Stock Performance

Shares of ATHM stock traded down $0.76 on Thursday, hitting $29.61. The company had a trading volume of 277,021 shares, compared to its average volume of 472,240. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70. The firm has a market cap of $3.59 billion, a P/E ratio of 16.00 and a beta of 0.20. The stock's 50-day moving average is $28.62 and its two-hundred day moving average is $28.51.

Autohome (NYSE:ATHM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share (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 during the quarter, compared to analyst estimates of $243.26 million. Equities research analysts predict that Autohome Inc. will post 1.84 EPS for the current year.

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.