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Sumitomo Mitsui Trust Group Inc. Sells 24,469 Shares of Autohome Inc. (NYSE:ATHM)

Autohome logo with Computer and Technology background

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 12.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,786 shares of the information services provider's stock after selling 24,469 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.14% of Autohome worth $4,354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATHM. Vontobel Holding Ltd. bought a new stake in shares of Autohome during the third quarter worth $219,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Autohome during the third quarter worth $228,000. Van ECK Associates Corp grew its stake in shares of Autohome by 31.2% during the third quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider's stock worth $304,000 after purchasing an additional 2,212 shares during the period. Ritholtz Wealth Management grew its stake in shares of Autohome by 8.1% during 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 period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Autohome during the second quarter worth $345,000. 63.08% of the stock is owned by institutional investors and hedge funds.

Autohome Stock Performance

NYSE:ATHM traded up $0.58 on Monday, reaching $30.19. The company's stock had a trading volume of 610,497 shares, compared to its average volume of 398,530. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $34.70. The firm has a market cap of $3.66 billion, a PE ratio of 15.02 and a beta of 0.18. The business's 50-day moving average price is $27.19 and its two-hundred day moving average price is $27.59.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com raised Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. The Goldman Sachs Group raised Autohome to a "hold" rating in a research note on Wednesday, December 11th. Finally, CLSA cut Autohome from an "outperform" rating to a "hold" rating in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Autohome has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

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Autohome Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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