Mondrian Investment Partners LTD Sells 394,241 Shares of Autohome Inc. (NYSE:ATHM)

Mondrian Investment Partners LTD lowered its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 11.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,958,651 shares of the information services provider's stock after selling 394,241 shares during the period. Mondrian Investment Partners LTD owned approximately 2.44% of Autohome worth $82,901,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Autohome by 948.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,508 shares of the information services provider's stock worth $2,594,000 after buying an additional 71,923 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Autohome by 1.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider's stock worth $1,238,000 after acquiring an additional 394 shares during the period. Bank of Montreal Can raised its holdings in Autohome by 33.8% in the 3rd quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider's stock worth $3,484,000 after acquiring an additional 26,657 shares during the period. BNP Paribas Financial Markets lifted its position in Autohome by 8.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 261,564 shares of the information services provider's stock worth $8,532,000 after acquiring an additional 19,983 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Autohome by 16.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,193 shares of the information services provider's stock valued at $1,018,000 after acquiring an additional 4,516 shares during the period. Institutional investors own 63.08% of the company's stock.

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Analyst Upgrades and Downgrades

ATHM has been the topic of a number of recent analyst reports. StockNews.com lowered Autohome from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. The Goldman Sachs Group raised Autohome to a "hold" rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised Autohome from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $24.00 to $36.00 in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Autohome currently has an average rating of "Hold" and an average target price of $32.00.

Autohome Price Performance

Shares of NYSE ATHM traded down $0.17 during mid-day trading on Tuesday, hitting $30.82. The company had a trading volume of 285,971 shares, compared to its average volume of 474,073. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70. The firm has a market cap of $3.73 billion, a P/E ratio of 16.66 and a beta of 0.20. The business's 50-day simple moving average is $28.44 and its 200-day simple moving average is $28.46.

Autohome (NYSE:ATHM - Get Free Report) last announced its quarterly earnings data 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 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%. As a group, sell-side analysts predict that Autohome Inc. will post 1.84 EPS for the current year.

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.