Polymer Capital Management HK LTD Buys Shares of 35,400 Autohome Inc. (NYSE:ATHM)

Polymer Capital Management HK LTD purchased a new position in shares of Autohome Inc. (NYSE:ATHM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,400 shares of the information services provider's stock, valued at approximately $919,000.

A number of other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in Autohome by 140.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider's stock worth $44,602,000 after purchasing an additional 1,004,043 shares during the period. Norges Bank purchased a new stake in shares of Autohome in the fourth quarter worth about $12,195,000. North of South Capital LLP grew its stake in shares of Autohome by 16.3% in the fourth 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 buying an additional 274,974 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Autohome during the 3rd quarter valued at about $6,663,000. Finally, Federated Hermes Inc. lifted its position in Autohome by 52.5% during the 4th quarter. Federated Hermes Inc. now owns 492,982 shares of the information services provider's stock worth $12,793,000 after acquiring an additional 169,752 shares in the last quarter. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ATHM shares. 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 lifted their target price for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. Five investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $32.00.

Autohome Stock Performance

Shares of Autohome stock traded up $0.80 during trading on Friday, reaching $26.21. The company had a trading volume of 736,527 shares, compared to its average volume of 513,291. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 14.17 and a beta of 0.16. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The firm's fifty day moving average is $28.46 and its 200-day moving average is $28.41.

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 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, research analysts anticipate that Autohome Inc. will post 1.84 EPS for the current fiscal 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.