Korea Investment CORP Cuts Stock Position in Autohome Inc. (NYSE:ATHM)

Korea Investment CORP reduced its holdings in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 55.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,888 shares of the information services provider's stock after selling 21,400 shares during the period. Korea Investment CORP's holdings in Autohome were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATHM. Vontobel Holding Ltd. increased its position in Autohome by 27.4% during the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock valued at $222,000 after purchasing an additional 1,841 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Autohome by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider's stock worth $261,000 after purchasing an additional 2,652 shares during the last quarter. Quantbot Technologies LP bought a new stake in Autohome during the fourth quarter valued at about $269,000. Ritholtz Wealth Management raised its holdings in Autohome by 8.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider's stock worth $270,000 after purchasing an additional 778 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Autohome by 3.1% during the 4th quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider's stock worth $357,000 after acquiring an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company's stock.

Wall Street Analysts Forecast Growth

ATHM has been the subject of a number of recent analyst reports. StockNews.com cut Autohome from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised Autohome from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. Finally, The Goldman Sachs Group raised Autohome to a "hold" rating in a report on Wednesday, December 11th. 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's stock. Based on data from MarketBeat, Autohome has a consensus rating of "Hold" and a consensus target price of $32.00.

Autohome Trading Down 5.3 %

ATHM traded down $1.44 during midday trading on Friday, hitting $25.88. 712,038 shares of the company were exchanged, compared to its average volume of 504,457. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $34.70. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 13.99 and a beta of 0.16. The company's 50 day simple moving average is $28.93 and its 200 day simple moving average is $28.61.

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

Autohome Company 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.