Mirae Asset Global Investments Co. Ltd. Has $279,000 Stake in Autohome Inc. (NYSE:ATHM)

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 54.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,739 shares of the information services provider's stock after selling 12,928 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Autohome were worth $279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ATHM. Sanctuary Advisors LLC bought a new position in Autohome during the 2nd quarter worth approximately $345,000. Creative Planning boosted its stake in Autohome by 14.2% during the 3rd quarter. Creative Planning now owns 20,938 shares of the information services provider's stock worth $683,000 after acquiring an additional 2,603 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Autohome in the third quarter valued at approximately $219,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Autohome by 3.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 93,973 shares of the information services provider's stock valued at $3,065,000 after buying an additional 3,000 shares in the last quarter. Finally, Oldfield Partners LLP lifted its stake in Autohome by 2.2% in the third quarter. Oldfield Partners LLP now owns 242,200 shares of the information services provider's stock valued at $7,901,000 after buying an additional 5,100 shares in the last quarter. Institutional investors own 63.08% of the company's stock.

Autohome Trading Up 1.9 %

Shares of NYSE ATHM traded up $0.58 during midday trading on Monday, reaching $30.19. The company's stock had a trading volume of 610,497 shares, compared to its average volume of 398,530. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 15.02 and a beta of 0.18. The stock has a 50 day simple moving average of $27.19 and a 200-day simple moving average of $27.59.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Autohome to a "hold" rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, CLSA lowered shares of Autohome from an "outperform" rating to a "hold" rating in a research note on Thursday, October 24th. Four 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, Autohome has an average rating of "Moderate Buy" and a consensus target price of $28.00.

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.