584,450 Shares in Autohome Inc. $ATHM Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 584,450 Autohome shares worth approximately $12.42 million, giving it a 0.51% stake. Institutional investors collectively own 63.08% of the company.
• Analyst sentiment is mixed: Autohome has an average “Hold” rating and a consensus price target of $19.95, despite ratings ranging from “Strong Buy” to “Sell.”
• Autohome shares opened at $20.27, with a market capitalization of $2.33 billion and a 52-week trading range of $15.57 to $27.83. Insiders sold 49,304 shares worth about $260,818 over the past 90 days.

Assenagon Asset Management S.A. acquired a new stake in Autohome Inc. (NYSE:ATHM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 584,450 shares of the information services provider's stock, valued at approximately $12,420,000. Assenagon Asset Management S.A. owned 0.51% of Autohome at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in Autohome in the 2nd quarter valued at about $5,293,000. Oldfield Partners LLP lifted its position in Autohome by 20.3% during the 2nd quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider's stock worth $948,000 after acquiring an additional 8,400 shares during the period. Bank of America Corp DE lifted its position in Autohome by 159.7% during the 1st quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider's stock worth $6,337,000 after acquiring an additional 224,318 shares during the period. Royal Bank of Canada lifted its position in Autohome by 35.2% during the 1st quarter. Royal Bank of Canada now owns 72,460 shares of the information services provider's stock worth $1,259,000 after acquiring an additional 18,871 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Autohome in the 1st quarter valued at approximately $184,000. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATHM has been the topic of a number of recent research reports. Jefferies Financial Group reissued a "buy" rating and issued a $26.50 target price on shares of Autohome in a report on Wednesday, October 14th. Weiss Ratings upgraded Autohome from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, September 22nd. Zacks Research raised Autohome from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 13th. Bank of America lowered shares of Autohome from a "neutral" rating to an "underperform" rating and set a $19.00 price objective on the stock. in a research report on Tuesday, August 18th. Finally, Wall Street Zen upgraded shares of Autohome from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $19.95.

Autohome Stock Up 0.6%

NYSE:ATHM opened at $20.27 on Tuesday. Autohome Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $27.83. The stock has a market cap of $2.33 billion, a PE ratio of 16.65 and a beta of 0.27. The firm's fifty day simple moving average is $21.49 and its 200-day simple moving average is $19.92.

Insider Activity at Autohome

In related news, CTO Bibo Xiang sold 5,588 shares of the business's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total transaction of $29,560.52. Following the sale, the chief technology officer owned 56,780 shares of the company's stock, valued at approximately $300,366.20. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Quan Long sold 34,400 shares of the business's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $5.29, for a total transaction of $181,976.00. Following the sale, the director directly owned 175,984 shares in the company, valued at approximately $930,955.36. This represents a 16.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 49,304 shares of company stock worth $260,818 over the last 90 days. Company insiders own 5.70% of the company's stock.

About Autohome

Autohome Inc NYSE: ATHM operates an online platform serving automobile consumers and industry participants in China. The company provides automotive news, reviews, buying guides, videos and other user-generated or professionally produced content designed to help consumers research vehicles and make purchasing decisions.

Through its websites and mobile applications, including Autohome and Che168, the company offers vehicle search and comparison tools, pricing information, listings for new and used vehicles, dealer information and online communities.

Want to see what other hedge funds are holding ATHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autohome Inc. (NYSE:ATHM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.