FIL Ltd Trims Stock Position in Autohome Inc. (NYSE:ATHM)

FIL Ltd decreased its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,714,371 shares of the information services provider's stock after selling 272,087 shares during the period. FIL Ltd owned about 6.37% of Autohome worth $200,188,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State Street Corp lifted its holdings in Autohome by 2.0% in 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 buying an additional 27,501 shares during the period. Jane Street Group LLC bought a new position in shares of Autohome in the third quarter valued at approximately $784,000. XTX Topco Ltd boosted its holdings in Autohome by 211.3% during the 3rd 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 last quarter. Public Employees Retirement System of Ohio bought a new stake in Autohome in the 3rd quarter worth about $6,663,000. Finally, Geode Capital Management LLC grew its holdings in shares of Autohome by 3.5% in the third quarter. Geode Capital Management LLC now owns 413,932 shares of the information services provider's stock valued at $13,395,000 after acquiring an additional 13,944 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors.

Autohome Stock Performance

ATHM traded up $0.88 during midday trading on Monday, hitting $26.99. The stock had a trading volume of 200,884 shares, compared to its average volume of 512,489. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70. The company has a market cap of $3.27 billion, a P/E ratio of 14.59 and a beta of 0.16. The business has a fifty day moving average of $28.46 and a 200 day moving average of $28.39.

Autohome (NYSE:ATHM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 23.02%. The business had revenue of $244.33 million for the quarter, compared to analyst estimates of $243.26 million. On average, equities research analysts anticipate that Autohome Inc. will post 1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

ATHM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Autohome from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $24.00 to $36.00 in a report on Wednesday, March 12th. StockNews.com lowered Autohome from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Five research 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. According to MarketBeat, Autohome currently has a consensus rating of "Hold" and a consensus target price of $32.00.

About Autohome

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.