Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in Autohome Inc. (NYSE:ATHM)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,173 shares of the information services provider's stock after purchasing an additional 14,200 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.09% of Autohome worth $2,807,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. purchased a new stake in Autohome in the third quarter valued at $219,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Autohome in the 3rd quarter valued at about $228,000. Van ECK Associates Corp lifted its holdings in shares of Autohome by 31.2% in the 3rd quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider's stock valued at $304,000 after purchasing an additional 2,212 shares during the last quarter. Ritholtz Wealth Management lifted its stake in Autohome by 8.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider's stock valued at $270,000 after buying an additional 778 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Autohome in the second quarter valued at approximately $345,000. 63.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Autohome Trading Up 3.8 %

Shares of Autohome stock traded up $1.08 during trading hours on Thursday, hitting $29.67. 815,921 shares of the company were exchanged, compared to its average volume of 444,004. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70. The business has a 50-day moving average of $27.09 and a 200-day moving average of $27.44. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 14.76 and a beta of 0.18.

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.