Harvest Fund Management Co. Ltd Cuts Holdings in Autohome Inc. (NYSE:ATHM)

Harvest Fund Management Co. Ltd lessened its stake in Autohome Inc. (NYSE:ATHM) by 30.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,278 shares of the information services provider’s stock after selling 11,629 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Autohome were worth $681,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ATHM. Robeco Institutional Asset Management B.V. boosted 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 valued at $44,602,000 after purchasing an additional 1,004,043 shares in the last quarter. North of South Capital LLP boosted its stake in shares of Autohome by 16.3% in the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock valued at $51,001,000 after purchasing an additional 274,974 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Autohome during the 3rd quarter valued at $6,663,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Autohome by 155.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 203,295 shares of the information services provider’s stock valued at $5,276,000 after buying an additional 123,787 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Autohome by 78.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 154,988 shares of the information services provider’s stock valued at $5,056,000 after buying an additional 67,957 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Autohome from a “neutral” rating to an “overweight” rating and upped their price target for the company from $24.00 to $36.00 in a report on Wednesday, March 12th. Finally, StockNews.com lowered shares of Autohome from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Autohome currently has an average rating of “Hold” and a consensus price target of $32.00.

Autohome Trading Down 2.5 %

Shares of NYSE ATHM opened at $29.61 on Friday. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70. The firm has a market capitalization of $3.59 billion, a PE ratio of 16.00 and a beta of 0.20. The firm has a fifty day simple moving average of $28.70 and a two-hundred day simple moving average of $28.52.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. Autohome had a net margin of 23.02% and a return on equity of 7.79%. The business had revenue of $244.33 million during the quarter, compared to analyst estimates of $243.26 million. On average, sell-side analysts predict 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.