Canada Pension Plan Investment Board Sells 149,480 Shares of Autohome Inc. (NYSE:ATHM)

Canada Pension Plan Investment Board reduced its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 84.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,600 shares of the information services provider's stock after selling 149,480 shares during the quarter. Canada Pension Plan Investment Board's holdings in Autohome were worth $690,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Autohome by 140.5% during the 4th 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 purchasing an additional 1,004,043 shares during the period. Norges Bank bought a new position in shares of Autohome in the fourth quarter valued at approximately $12,195,000. Invesco Ltd. increased its holdings in shares of Autohome by 7.0% in the fourth quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider's stock worth $165,776,000 after purchasing an additional 415,515 shares during the period. North of South Capital LLP boosted its position in shares of Autohome by 16.3% during 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 acquiring an additional 274,974 shares during the last quarter. Finally, Krane Funds Advisors LLC grew its stake in Autohome by 7.2% in the 4th quarter. Krane Funds Advisors LLC now owns 2,852,716 shares of the information services provider's stock worth $74,028,000 after buying an additional 191,845 shares in the last quarter. 63.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ATHM. StockNews.com cut Autohome from a "buy" rating to a "hold" rating in a report on Friday, February 28th. JPMorgan Chase & Co. raised 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 research report on Wednesday, March 12th. 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 stock. According to data from MarketBeat.com, Autohome presently has an average rating of "Hold" and an average price target of $32.00.

Autohome Stock Performance

Shares of NYSE ATHM traded down $0.05 during mid-day trading on Wednesday, hitting $27.24. 364,848 shares of the stock traded hands, compared to its average volume of 518,118. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 14.72 and a beta of 0.16. The stock has a fifty day moving average price of $27.91 and a 200-day moving average price of $27.89. Autohome Inc. has a 52 week low of $21.89 and a 52 week high of $34.70.

Autohome (NYSE:ATHM - Get Free Report) last announced its earnings results on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. The firm had revenue of $244.33 million for the quarter, compared to analysts' expectations of $243.26 million. Autohome had a net margin of 23.02% and a return on equity of 7.79%. As a group, sell-side analysts predict 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.