Royal London Asset Management Ltd. Invests $1.23 Million in Autohome Inc. (NYSE:ATHM)

Royal London Asset Management Ltd. purchased a new position in shares of Autohome Inc. (NYSE:ATHM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,400 shares of the information services provider's stock, valued at approximately $1,230,000.

Several other hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in Autohome during the third quarter worth approximately $6,663,000. Jane Street Group LLC purchased a new position in shares of Autohome in the 3rd quarter worth $784,000. Vontobel Holding Ltd. boosted its holdings in Autohome by 27.4% in the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock valued at $222,000 after acquiring an additional 1,841 shares during the last quarter. Bank of Montreal Can grew its position in Autohome by 33.8% during the third quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider's stock valued at $3,484,000 after acquiring an additional 26,657 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Autohome by 78.1% during the third quarter. JPMorgan Chase & Co. now owns 154,988 shares of the information services provider's stock valued at $5,056,000 after acquiring an additional 67,957 shares during the period. Institutional investors and hedge funds own 63.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ATHM. The Goldman Sachs Group upgraded Autohome to a "hold" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Autohome from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $24.00 to $36.00 in a research note on Wednesday, March 12th. Finally, StockNews.com downgraded shares of Autohome from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Autohome currently has an average rating of "Hold" and an average target price of $32.00.

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Autohome Trading Down 2.1 %

NYSE:ATHM traded down $0.59 during trading hours on Tuesday, hitting $27.74. The stock had a trading volume of 564,387 shares, compared to its average volume of 476,974. The company has a market cap of $3.36 billion, a PE ratio of 14.99 and a beta of 0.20. The business has a 50 day simple moving average of $28.83 and a two-hundred day simple moving average of $28.59. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $34.70.

Autohome (NYSE:ATHM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. Autohome had a net margin of 23.02% and a return on equity of 7.79%. The business had revenue of $244.33 million during the quarter, compared to analyst estimates of $243.26 million. Research analysts expect that Autohome Inc. will post 1.84 EPS for the current fiscal year.

Autohome 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.