KLP Kapitalforvaltning AS Makes New $948,000 Investment in Autohome Inc. (NYSE:ATHM)

KLP Kapitalforvaltning AS purchased a new position in shares of Autohome Inc. (NYSE:ATHM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 35,000 shares of the information services provider's stock, valued at approximately $948,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its holdings 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 buying an additional 1,004,043 shares during the last quarter. North of South Capital LLP lifted its position in Autohome by 16.3% in the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider's stock valued at $51,001,000 after acquiring an additional 274,974 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Autohome during the 3rd quarter valued at about $6,663,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Autohome by 155.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 203,295 shares of the information services provider's stock valued at $5,276,000 after purchasing an additional 123,787 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Autohome by 34.6% during the 4th quarter. Sei Investments Co. now owns 337,746 shares of the information services provider's stock worth $8,764,000 after purchasing an additional 86,754 shares in the last quarter. Institutional investors own 63.08% of the company's stock.

Analyst Ratings Changes

ATHM has been the topic of several analyst reports. JPMorgan Chase & Co. raised Autohome from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $24.00 to $36.00 in a research report on Wednesday, March 12th. The Goldman Sachs Group raised shares of Autohome to a "hold" rating in a report on Wednesday, December 11th. Finally, StockNews.com lowered shares of 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 given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.00.

Autohome Stock Down 5.3 %

Autohome stock traded down $1.44 during mid-day trading on Friday, reaching $25.88. 712,038 shares of the company's stock were exchanged, compared to its average volume of 503,632. The business's fifty day simple moving average is $28.93 and its 200 day simple moving average is $28.59. Autohome Inc. has a one year low of $21.89 and a one year high of $34.70. The firm has a market capitalization of $3.13 billion, a PE ratio of 13.99 and a beta of 0.16.

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