Krane Funds Advisors LLC Boosts Stake in Autohome Inc. (NYSE:ATHM)

Krane Funds Advisors LLC lifted its holdings in shares of Autohome Inc. (NYSE:ATHM) by 7.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,852,716 shares of the information services provider’s stock after acquiring an additional 191,845 shares during the period. Autohome comprises 3.0% of Krane Funds Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Krane Funds Advisors LLC’s holdings in Autohome were worth $74,028,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Autohome by 2.0% in the 3rd quarter. State Street Corp now owns 1,382,468 shares of the information services provider’s stock worth $45,096,000 after buying an additional 27,501 shares during the last quarter. Jane Street Group LLC purchased a new stake in Autohome during the third quarter valued at about $784,000. XTX Topco Ltd lifted its stake in Autohome by 211.3% during the third quarter. XTX Topco Ltd now owns 25,048 shares of the information services provider’s stock worth $817,000 after purchasing an additional 17,002 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Autohome in the 3rd quarter worth about $6,663,000. Finally, Geode Capital Management LLC increased its position in shares of Autohome by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 413,932 shares of the information services provider’s stock valued at $13,395,000 after purchasing an additional 13,944 shares during the last quarter. 63.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ATHM. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Autohome from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. upgraded shares of Autohome from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. Five equities research 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $32.00.

Autohome Price Performance

NYSE ATHM opened at $25.88 on Monday. The business’s 50-day moving average is $28.93 and its 200 day moving average is $28.61. The stock has a market capitalization of $3.13 billion, a PE ratio of 13.99 and a beta of 0.16. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $244.33 million for the quarter, compared to analyst estimates of $243.26 million. Autohome had a return on equity of 7.79% and a net margin of 23.02%. As a group, equities research analysts anticipate that Autohome Inc. will post 1.84 earnings per share for the current 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.