Robeco Institutional Asset Management B.V. lessened its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 26.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 714,718 shares of the information services provider's stock after selling 263,135 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.57% of Autohome worth $23,314,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System raised its stake in shares of Autohome by 4.9% in the 1st quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider's stock valued at $195,000 after acquiring an additional 348 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Autohome by 88.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider's stock valued at $45,000 after acquiring an additional 800 shares in the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Autohome in the 2nd quarter valued at approximately $28,000. Van ECK Associates Corp raised its stake in shares of Autohome by 23.5% in the 2nd quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider's stock valued at $195,000 after acquiring an additional 1,351 shares in the last quarter. Finally, Creative Planning increased its position in Autohome by 14.2% in the 3rd quarter. Creative Planning now owns 20,938 shares of the information services provider's stock worth $683,000 after buying an additional 2,603 shares during the period. Institutional investors and hedge funds own 63.08% of the company's stock.
Autohome Stock Performance
Autohome stock traded down $0.77 on Wednesday, reaching $28.02. The company's stock had a trading volume of 564,576 shares, compared to its average volume of 474,874. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 13.09 and a beta of 0.18. The business's fifty day moving average price is $29.47 and its 200 day moving average price is $27.46. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70.
Autohome declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several brokerages have commented on ATHM. Benchmark downgraded Autohome from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Hsbc Global Res upgraded Autohome to a "strong-buy" rating in a research report on Thursday, October 3rd. Citigroup restated a "neutral" rating and set a $28.00 price objective (down from $31.00) on shares of Autohome in a research report on Friday, July 19th. StockNews.com upgraded Autohome from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. Finally, CLSA cut Autohome from an "outperform" rating to a "hold" rating in a research report on Thursday, October 24th. Three 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. According to MarketBeat, Autohome currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.
Check Out Our Latest Report on Autohome
Autohome Company 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.
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