BI Asset Management Fondsmaeglerselskab A S Purchases New Shares in Autohome Inc. (NYSE:ATHM)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 64,397 shares of the information services provider's stock, valued at approximately $1,671,000. BI Asset Management Fondsmaeglerselskab A S owned about 0.05% of Autohome at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ATHM. Rhumbline Advisers increased its stake in shares of Autohome by 3.1% in the 4th 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. Ritholtz Wealth Management increased its position in 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 buying an additional 778 shares in the last quarter. Vontobel Holding Ltd. increased its position in Autohome by 27.4% in the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock worth $222,000 after buying an additional 1,841 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Autohome by 16.7% in the third quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider's stock worth $505,000 after buying an additional 2,221 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Autohome by 5.5% during the 4th quarter. Franklin Resources Inc. now owns 43,714 shares of the information services provider's stock valued at $1,134,000 after buying an additional 2,266 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors.

Autohome Stock Down 1.1 %

ATHM stock traded down $0.30 during midday trading on Friday, hitting $27.75. The company's stock had a trading volume of 345,834 shares, compared to its average volume of 519,714. 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 $3.33 billion, a price-to-earnings ratio of 15.00 and a beta of 0.16. The company has a 50 day moving average of $28.07 and a two-hundred day moving average of $27.93.

Autohome (NYSE:ATHM - Get Free Report) last posted its quarterly 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. On average, analysts anticipate that Autohome Inc. will post 1.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ATHM. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and boosted their price objective for the company 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Autohome currently has a consensus rating of "Hold" and a consensus price target 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.