Prudential PLC Grows Position in Autohome Inc. (NYSE:ATHM)

Prudential PLC increased its position in Autohome Inc. (NYSE:ATHM - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,510 shares of the information services provider's stock after purchasing an additional 11,691 shares during the period. Prudential PLC's holdings in Autohome were worth $1,233,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ATHM. Robeco Institutional Asset Management B.V. lifted its stake in shares of Autohome by 140.5% in the fourth 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 buying an additional 1,004,043 shares in the last quarter. Norges Bank bought a new position in Autohome in the 4th quarter valued at approximately $12,195,000. North of South Capital LLP boosted its stake in Autohome by 16.3% during the 4th 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 purchasing an additional 274,974 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Autohome in the 3rd quarter worth $6,663,000. Finally, Vanguard Group Inc. raised its stake in shares of Autohome by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 2,475,258 shares of the information services provider's stock worth $64,233,000 after purchasing an additional 130,983 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Autohome Stock Performance

Shares of ATHM stock traded up $0.80 on Friday, reaching $26.21. The stock had a trading volume of 736,527 shares, compared to its average volume of 513,591. The stock has a market cap of $3.17 billion, a P/E ratio of 14.17 and a beta of 0.16. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70. The company has a 50 day simple moving average of $28.46 and a 200 day simple moving average of $28.39.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on ATHM shares. 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. StockNews.com downgraded shares of Autohome from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $32.00.

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.