Autohome Inc. (NYSE:ATHM) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in Autohome Inc. (NYSE:ATHM - Free Report) by 52.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 492,982 shares of the information services provider's stock after buying an additional 169,752 shares during the quarter. Federated Hermes Inc. owned about 0.41% of Autohome worth $12,793,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp lifted its position in Autohome by 2.0% during the third quarter. State Street Corp now owns 1,382,468 shares of the information services provider's stock valued at $45,096,000 after purchasing an additional 27,501 shares during the period. Jane Street Group LLC purchased a new stake in shares of Autohome in the third quarter worth $784,000. XTX Topco Ltd boosted its stake in shares of Autohome by 211.3% in the third quarter. XTX Topco Ltd now owns 25,048 shares of the information services provider's stock worth $817,000 after acquiring an additional 17,002 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Autohome in the third quarter worth $6,663,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Autohome by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 413,932 shares of the information services provider's stock valued at $13,395,000 after purchasing an additional 13,944 shares during the last quarter. 63.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ATHM has been the subject of a number of recent research reports. StockNews.com cut shares of Autohome from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. upgraded shares of Autohome from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $24.00 to $36.00 in a report on Wednesday, March 12th. Five investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $32.00.

Autohome Trading Up 1.1 %

NYSE:ATHM traded up $0.29 during trading hours on Tuesday, hitting $26.55. 175,890 shares of the stock were exchanged, compared to its average volume of 514,152. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70. The company has a market cap of $3.22 billion, a P/E ratio of 14.34 and a beta of 0.16. The firm's fifty day moving average price is $28.44 and its 200 day moving average price is $28.34.

Autohome (NYSE:ATHM - Get Free Report) last posted its earnings results on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 23.02%. The company had revenue of $244.33 million for the quarter, compared to the consensus estimate of $243.26 million. Equities analysts expect that Autohome Inc. will post 1.84 EPS for the current fiscal 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.