Vanguard Group Inc. Purchases 130,983 Shares of Autohome Inc. (NYSE:ATHM)

Vanguard Group Inc. increased its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,475,258 shares of the information services provider's stock after purchasing an additional 130,983 shares during the quarter. Vanguard Group Inc. owned approximately 2.04% of Autohome worth $64,233,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ATHM. Vontobel Holding Ltd. grew its stake 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 acquiring an additional 1,841 shares during the period. Asset Management One Co. Ltd. increased 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 worth $261,000 after purchasing an additional 2,652 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Autohome in the fourth quarter valued at approximately $269,000. Ritholtz Wealth Management lifted its stake in shares of Autohome by 8.1% during the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider's stock valued at $270,000 after buying an additional 778 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Autohome by 3.1% in the 4th quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider's stock valued at $357,000 after buying an additional 420 shares in the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATHM has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $24.00 to $36.00 in a research report on Wednesday, March 12th. StockNews.com lowered 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.00.

Autohome Trading Up 1.3 %

Shares of ATHM traded up $0.32 during trading hours on Thursday, reaching $25.83. 118,747 shares of the company's stock traded hands, compared to its average volume of 528,174. The firm's 50 day simple moving average is $28.38 and its 200-day simple moving average is $28.31. The stock has a market cap of $3.13 billion, a PE ratio of 13.95 and a beta of 0.16. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70.

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

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.