BI Asset Management Fondsmaeglerselskab A S Purchases Shares of 64,397 Autohome Inc. (NYSE:ATHM)

BI Asset Management Fondsmaeglerselskab A S bought a new position in Autohome Inc. (NYSE:ATHM) during the 4th quarter, Holdings Channel.com reports. The fund bought 64,397 shares of the information services provider’s stock, valued at approximately $1,671,000.

Several other hedge funds have also bought and sold shares of ATHM. Rhumbline Advisers lifted its position in Autohome by 3.1% during the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock valued at $357,000 after purchasing an additional 420 shares during the last quarter. Ritholtz Wealth Management grew its stake in Autohome by 8.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after purchasing an additional 778 shares in the last quarter. 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 buying an additional 1,841 shares during the period. Sanctuary Advisors LLC grew its holdings in Autohome by 16.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock worth $505,000 after acquiring an additional 2,221 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Autohome by 5.5% during the fourth quarter. Franklin Resources Inc. now owns 43,714 shares of the information services provider’s stock valued at $1,134,000 after buying an additional 2,266 shares during the period. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Stock Up 4.8 %

NYSE:ATHM opened at $27.07 on Tuesday. The stock’s fifty day moving average is $28.25 and its two-hundred day moving average is $28.08. Autohome Inc. has a 52 week low of $21.89 and a 52 week high of $34.70. The company has a market capitalization of $3.28 billion, a P/E ratio of 14.63 and a beta of 0.16.

Autohome (NYSE:ATHM) last posted 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 business had revenue of $244.33 million during the quarter, compared to analyst estimates of $243.26 million. Autohome had a net margin of 23.02% and a return on equity of 7.79%. Sell-side analysts anticipate that Autohome Inc. will post 1.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on ATHM shares. 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. StockNews.com cut Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Five research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.00.

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.