American Century Companies Inc. Lowers Holdings in Autohome Inc. $ATHM

Key Points

• American Century Companies Inc. has reduced its holdings in Autohome Inc. by 61.8%, now owning 207,015 shares worth approximately $5.7 million.
• A variety of institutional investors have recently adjusted their positions in Autohome, with hedge funds collectively owning 63.08% of the stock.
• Analysts have upgraded Autohome's stock rating from "hold" to "buy," with an average target price set at $36.00.

American Century Companies Inc. trimmed its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 61.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,015 shares of the information services provider's stock after selling 334,925 shares during the period. American Century Companies Inc. owned 0.17% of Autohome worth $5,738,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised 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 worth $55,000 after acquiring an additional 1,897 shares in the last quarter. Liontrust Investment Partners LLP bought a new position in shares of Autohome in the 1st quarter worth $129,000. Quantinno Capital Management LP bought a new position in shares of Autohome in the 4th quarter worth $257,000. Ping Capital Management Inc. purchased a new position in Autohome during the 1st quarter worth $277,000. Finally, Vontobel Holding Ltd. grew its stake in Autohome by 26.4% during the 1st quarter. Vontobel Holding Ltd. now owns 10,828 shares of the information services provider's stock worth $300,000 after buying an additional 2,264 shares during the last quarter. 63.08% of the stock is owned by institutional investors.

Autohome Price Performance

Autohome stock traded up $0.25 during trading hours on Wednesday, hitting $28.98. 202,368 shares of the stock traded hands, compared to its average volume of 278,495. The firm's 50 day moving average price is $27.76 and its 200-day moving average price is $27.28. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 17.04 and a beta of 0.01. Autohome Inc. has a 1 year low of $23.39 and a 1 year high of $34.70.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Autohome currently has an average rating of "Moderate Buy" and an average 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.