Invesco Ltd. Buys 415,515 Shares of Autohome Inc. (NYSE:ATHM)

Invesco Ltd. lifted its stake in shares of Autohome Inc. (NYSE:ATHM) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,388,268 shares of the information services provider’s stock after buying an additional 415,515 shares during the period. Invesco Ltd. owned about 5.27% of Autohome worth $165,776,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings in Autohome by 2.0% during the 3rd quarter. State Street Corp now owns 1,382,468 shares of the information services provider’s stock worth $45,096,000 after acquiring an additional 27,501 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Autohome during the third quarter valued at about $784,000. Public Employees Retirement System of Ohio purchased a new position in Autohome during the third quarter worth about $6,663,000. Geode Capital Management LLC grew its position in Autohome by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 413,932 shares of the information services provider’s stock worth $13,395,000 after purchasing an additional 13,944 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Autohome by 16.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock valued at $505,000 after buying an additional 2,221 shares during the last quarter. Institutional investors own 63.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ATHM shares. JPMorgan Chase & Co. upgraded 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 research note on Wednesday, March 12th. StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.00.

Autohome Stock Up 3.1 %

Autohome stock opened at $26.21 on Friday. The firm has a 50 day moving average price of $28.46 and a 200-day moving average price of $28.41. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70. The company has a market capitalization of $3.17 billion, a P/E ratio of 14.17 and a beta of 0.16.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 23.02%. The business had revenue of $244.33 million during the quarter, compared to analyst estimates of $243.26 million. Equities analysts expect that Autohome Inc. will post 1.84 EPS for the current fiscal year.

About Autohome

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.