Pictet Asset Management Holding SA Has $5.60 Million Stake in Autohome Inc. (NYSE:ATHM)

Pictet Asset Management Holding SA lowered its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 215,800 shares of the information services provider's stock after selling 24,800 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.18% of Autohome worth $5,600,000 as of its most recent SEC filing.

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

Autohome Stock Performance

Shares of ATHM stock traded down $1.15 during midday trading on Tuesday, hitting $23.65. 851,889 shares of the company were exchanged, compared to its average volume of 506,718. The firm has a market capitalization of $2.86 billion, a P/E ratio of 12.78 and a beta of 0.16. Autohome Inc. has a 52 week low of $21.89 and a 52 week high of $34.70. The firm's 50 day moving average price is $28.67 and its two-hundred day moving average price is $28.52.

Autohome (NYSE:ATHM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share (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 analysts' expectations of $243.26 million. Autohome had a return on equity of 7.79% and a net margin of 23.02%. Analysts expect that Autohome Inc. will post 1.84 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of Autohome from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. raised Autohome from a "neutral" rating to an "overweight" rating and boosted 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 upgraded Autohome to a "hold" rating in a research note on Wednesday, December 11th. Five equities 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's stock. According to data from MarketBeat, Autohome presently has an average rating of "Hold" and an average 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.