Aberdeen Group plc Has $32.68 Million Stake in Autohome Inc. $ATHM

Key Points

• Aberdeen Group plc sold 33,794 shares of Autohome Inc., reducing its holdings by 2.8% to approximately 1.18 million shares, valued at $32.68 million.
• Several other institutional investors, including JPMorgan Chase & Co. and Geode Capital Management, increased their positions in Autohome during the fourth quarter.
• The stock has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, with an average price target set at $36.00.

Aberdeen Group plc reduced its position in Autohome Inc. (NYSE:ATHM - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,180,941 shares of the information services provider's stock after selling 33,794 shares during the quarter. Aberdeen Group plc owned approximately 0.99% of Autohome worth $32,677,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ATHM. Liontrust Investment Partners LLP purchased a new position in Autohome in the first quarter worth approximately $129,000. Long Corridor Asset Management Ltd acquired a new stake in shares of Autohome in the 1st quarter worth $8,956,000. Public Sector Pension Investment Board increased its position in Autohome by 18.9% during the 1st quarter. Public Sector Pension Investment Board now owns 25,191 shares of the information services provider's stock worth $698,000 after purchasing an additional 4,000 shares during the period. AIA Group Ltd purchased a new stake in shares of Autohome during the 1st quarter worth $475,000. Finally, Nuveen LLC purchased a new position in Autohome during the 1st quarter valued at about $4,679,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Autohome from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.00.

Autohome Stock Performance

Shares of Autohome stock traded up $0.6050 on Friday, reaching $29.2750. 60,475 shares of the company were exchanged, compared to its average volume of 422,856. Autohome Inc. has a 1-year low of $23.39 and a 1-year high of $34.70. The company's 50-day moving average is $27.19 and its two-hundred day moving average is $27.25. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 17.19 and a beta of -0.03.

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.