Geode Capital Management LLC Purchases 24,576 Shares of Autohome Inc. (NYSE:ATHM)

Geode Capital Management LLC lifted its holdings in Autohome Inc. (NYSE:ATHM - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 438,508 shares of the information services provider's stock after purchasing an additional 24,576 shares during the quarter. Geode Capital Management LLC owned 0.36% of Autohome worth $11,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Autohome in the third quarter valued at $784,000. JPMorgan Chase & Co. grew its holdings in shares of Autohome by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 159,800 shares of the information services provider's stock valued at $4,147,000 after purchasing an additional 4,812 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Autohome by 27.4% in the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock valued at $222,000 after purchasing an additional 1,841 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Autohome by 15.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 108,173 shares of the information services provider's stock valued at $2,807,000 after purchasing an additional 14,200 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Autohome by 140.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider's stock worth $44,602,000 after buying an additional 1,004,043 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ATHM shares. StockNews.com downgraded Autohome from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and raised their price target 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 assigned a strong buy rating to the company's stock. According to MarketBeat, Autohome currently has an average rating of "Hold" and a consensus target price of $32.00.

Autohome Price Performance

Shares of NYSE:ATHM traded up $0.14 on Monday, hitting $27.90. 244,976 shares of the company's stock were exchanged, compared to its average volume of 518,615. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.08 and a beta of 0.16. The business's 50 day simple moving average is $28.02 and its two-hundred day simple moving average is $27.90.

Autohome (NYSE:ATHM - Get Free Report) last released its earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, topping 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 the consensus estimate of $243.26 million. Equities analysts forecast that Autohome Inc. will post 1.84 EPS for the current fiscal 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.