Mondrian Investment Partners LTD Sells 394,241 Shares of Autohome Inc. (NYSE:ATHM)

Mondrian Investment Partners LTD reduced its holdings in shares of Autohome Inc. (NYSE:ATHM) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,958,651 shares of the information services provider’s stock after selling 394,241 shares during the period. Mondrian Investment Partners LTD owned about 2.44% of Autohome worth $82,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its holdings in 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 last quarter. BlueCrest Capital Management Ltd purchased a new stake in Autohome during the third quarter valued at approximately $228,000. Asset Management One Co. Ltd. increased its stake in shares of Autohome by 37.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider’s stock worth $261,000 after purchasing an additional 2,652 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of 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. Finally, Rhumbline Advisers increased its stake in shares of Autohome by 3.1% in the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock worth $357,000 after purchasing an additional 420 shares in the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Autohome Stock Performance

Shares of NYSE:ATHM opened at $29.31 on Friday. The firm has a fifty day moving average price of $28.27 and a 200 day moving average price of $28.33. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 15.84 and a beta of 0.20.

Autohome (NYSE:ATHM) last released 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. 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. As a group, research analysts predict that Autohome Inc. will post 1.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com cut shares of Autohome from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. raised shares of Autohome from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $24.00 to $36.00 in a research note on Wednesday. Finally, The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research note on Wednesday, December 11th. Five equities 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. According to MarketBeat.com, Autohome has an average rating of “Hold” and an average target price of $32.00.

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.