abrdn plc Decreases Position in Autohome Inc. (NYSE:ATHM)

abrdn plc lessened its position in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,214,735 shares of the information services provider's stock after selling 712,497 shares during the quarter. abrdn plc owned about 1.00% of Autohome worth $31,134,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its position in shares of Autohome by 140.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider's stock valued at $44,602,000 after acquiring an additional 1,004,043 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Autohome by 106.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 683,144 shares of the information services provider's stock worth $22,284,000 after purchasing an additional 351,789 shares during the period. M&G PLC increased its holdings in Autohome by 9.6% in the 3rd quarter. M&G PLC now owns 3,384,865 shares of the information services provider's stock valued at $111,701,000 after purchasing an additional 296,107 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Autohome in the third quarter valued at approximately $6,663,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Autohome by 948.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,508 shares of the information services provider's stock worth $2,594,000 after purchasing an additional 71,923 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Stock Performance

Shares of Autohome stock traded down $0.02 during trading hours on Friday, reaching $27.39. 465,820 shares of the company were exchanged, compared to its average volume of 398,530. The firm has a market cap of $3.32 billion, a PE ratio of 13.62 and a beta of 0.18. The stock's fifty day moving average is $27.09 and its 200 day moving average is $27.35. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ATHM shares. CLSA cut Autohome from an "outperform" rating to a "hold" rating in a research note on Thursday, October 24th. StockNews.com downgraded Autohome from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group upgraded shares of Autohome to a "hold" rating in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $28.00.

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.