17,142 Shares in Autohome Inc. (NYSE:ATHM) Acquired by AIA Group Ltd

Key Points

• AIA Group Ltd has invested approximately $475,000 in Autohome Inc. by purchasing 17,142 shares in the first quarter.
• Several institutional investors, including Nuveen LLC and Vanguard Group Inc., have also recently increased their stakes in Autohome, contributing to a total of 63.08% institutional ownership.
• Analysts have upgraded Autohome from a "hold" to a "buy" rating, with a consensus target price of $36.00 and an average rating of "Moderate Buy."

AIA Group Ltd acquired a new position in shares of Autohome Inc. (NYSE:ATHM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,142 shares of the information services provider's stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Autohome by 2,671.8% in the 1st quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider's stock valued at $55,000 after buying an additional 1,897 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Autohome in the 4th quarter valued at about $231,000. Quantinno Capital Management LP bought a new stake in shares of Autohome in the 4th quarter valued at about $257,000. Ping Capital Management Inc. bought a new stake in shares of Autohome in the 1st quarter valued at about $277,000. Finally, Vontobel Holding Ltd. grew its position in shares of Autohome by 26.4% in the 1st quarter. Vontobel Holding Ltd. now owns 10,828 shares of the information services provider's stock valued at $300,000 after buying an additional 2,264 shares during the last quarter. Institutional investors own 63.08% of the company's stock.

Autohome Stock Performance

Shares of NYSE:ATHM traded down $0.44 during midday trading on Friday, reaching $28.41. The company's stock had a trading volume of 365,449 shares, compared to its average volume of 270,076. The firm has a 50 day moving average price of $27.00 and a two-hundred day moving average price of $27.25. Autohome Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $34.70. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.71 and a beta of -0.03.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Autohome presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.00.

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.