Handelsbanken Fonder AB Acquires 29,846 Shares of Autohome Inc. (NYSE:ATHM)

Handelsbanken Fonder AB lifted its holdings in shares of Autohome Inc. (NYSE:ATHM) by 7.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 443,980 shares of the information services provider’s stock after acquiring an additional 29,846 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.35% of Autohome worth $12,458,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Autohome by 98.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,468 shares of the information services provider’s stock worth $75,000 after acquiring an additional 1,226 shares during the period. Van ECK Associates Corp boosted its stake in Autohome by 70.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,293 shares of the information services provider’s stock valued at $130,000 after purchasing an additional 1,774 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Autohome by 36.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,998 shares of the information services provider’s stock valued at $152,000 after purchasing an additional 1,345 shares during the period. Vontobel Holding Ltd. bought a new stake in Autohome in the 4th quarter valued at $220,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Autohome in the 3rd quarter valued at $296,000. 63.08% of the stock is currently owned by institutional investors.

Autohome Price Performance

ATHM opened at $24.74 on Wednesday. The business has a fifty day simple moving average of $26.18 and a 200 day simple moving average of $26.57. The company has a market capitalization of $3.11 billion, a PE ratio of 11.56 and a beta of 0.24. Autohome Inc. has a 1 year low of $23.81 and a 1 year high of $34.10.

Autohome (NYSE:ATHM) last released its quarterly earnings results on Tuesday, February 6th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $269.22 million during the quarter, compared to the consensus estimate of $264.99 million. Autohome had a return on equity of 8.23% and a net margin of 26.14%. Equities analysts anticipate that Autohome Inc. will post 2.21 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.