Autohome Inc. $ATHM Shares Sold by Aberdeen Group plc

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 lowered its position in Autohome Inc. (NYSE:ATHM - Free Report) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,180,941 shares of the information services provider's stock after selling 33,794 shares during the quarter. Aberdeen Group plc owned about 0.99% of Autohome worth $32,677,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ATHM. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Autohome by 6,649.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 724,773 shares of the information services provider's stock valued at $20,091,000 after purchasing an additional 714,034 shares during the period. Krane Funds Advisors LLC grew its holdings in shares of Autohome by 23.4% in the first quarter. Krane Funds Advisors LLC now owns 3,520,385 shares of the information services provider's stock valued at $97,585,000 after purchasing an additional 667,669 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Autohome by 33.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 2,299,013 shares of the information services provider's stock valued at $63,729,000 after purchasing an additional 580,252 shares during the period. Federated Hermes Inc. grew its holdings in shares of Autohome by 75.0% in the first quarter. Federated Hermes Inc. now owns 862,881 shares of the information services provider's stock valued at $23,919,000 after purchasing an additional 369,899 shares during the period. Finally, Long Corridor Asset Management Ltd purchased a new position in Autohome during the first quarter worth about $8,956,000. Hedge funds and other institutional investors own 63.08% of the company's stock.

Wall Street Analysts Forecast Growth

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

Autohome Stock Performance

Shares of ATHM traded up $0.1980 during mid-day trading on Wednesday, hitting $28.3080. 284,557 shares of the company's stock were exchanged, compared to its average volume of 426,667. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 16.65 and a beta of -0.03. Autohome Inc. has a fifty-two week low of $23.15 and a fifty-two week high of $34.70. The stock's 50-day moving average is $27.08 and its 200-day moving average is $27.23.

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.