Wellington Management Group LLP Takes $1.25 Million Position in Autohome Inc. (NYSE:ATHM)

Wellington Management Group LLP acquired a new position in Autohome Inc. (NYSE:ATHM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,148 shares of the information services provider's stock, valued at approximately $1,249,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Autohome during the 3rd quarter valued at $784,000. Vontobel Holding Ltd. increased its stake in shares of Autohome by 27.4% during the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock valued at $222,000 after purchasing an additional 1,841 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 67,957 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Autohome by 15.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 108,173 shares of the information services provider's stock worth $2,807,000 after purchasing an additional 14,200 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Autohome by 140.5% in 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 buying an additional 1,004,043 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Autohome Stock Up 1.0 %

Shares of Autohome stock traded up $0.27 on Friday, reaching $25.78. The company's stock had a trading volume of 650,567 shares, compared to its average volume of 518,619. Autohome Inc. has a 52 week low of $21.89 and a 52 week high of $34.70. The firm's fifty day simple moving average is $28.29 and its two-hundred day simple moving average is $28.21. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.93 and a beta of 0.16.

Autohome (NYSE:ATHM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $244.33 million for 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%. As a group, research analysts predict that Autohome Inc. will post 1.84 EPS for the current 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.