Amundi Increases Stock Holdings in Autohome Inc. $ATHM

Key Points

• Amundi increased its stake in Autohome Inc. (NYSE:ATHM) by 8.5% in the first quarter, now owning 138,861 shares valued at approximately $3,794,000.
• Wall Street analyst ratings for Autohome have improved, with a recent upgrade from "hold" to "buy" and an average target price of $36.00.
• Autohome has shown positive trading movement, with shares rising 2.8% recently, and the stock currently priced at $29.50 with a market cap of $3.53 billion.

Amundi increased its position in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,861 shares of the information services provider's stock after purchasing an additional 10,890 shares during the period. Amundi owned 0.12% of Autohome worth $3,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Autohome by 6,649.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 724,773 shares of the information services provider's stock worth $20,091,000 after acquiring an additional 714,034 shares in the last quarter. Krane Funds Advisors LLC boosted its holdings in shares of Autohome by 23.4% in the 1st quarter. Krane Funds Advisors LLC now owns 3,520,385 shares of the information services provider's stock valued at $97,585,000 after buying an additional 667,669 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Autohome by 33.8% in the 1st 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 buying an additional 580,252 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Autohome by 75.0% in the 1st quarter. Federated Hermes Inc. now owns 862,881 shares of the information services provider's stock valued at $23,919,000 after buying an additional 369,899 shares in the last quarter. Finally, Long Corridor Asset Management Ltd acquired a new position in shares of Autohome in the 1st quarter valued at $8,956,000. Institutional investors and hedge funds own 63.08% of the company's stock.

Autohome Price Performance

Shares of ATHM stock traded up $0.16 during trading hours on Wednesday, hitting $29.87. The stock had a trading volume of 290,166 shares, compared to its average volume of 233,104. The firm has a market capitalization of $3.49 billion, a PE ratio of 17.57 and a beta of 0.01. Autohome Inc. has a twelve month low of $23.39 and a twelve month high of $34.70. The stock's 50 day moving average is $28.34 and its 200 day moving average is $27.26.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of 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 assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Autohome presently has an average rating of "Moderate Buy" and an average target price of $36.00.

Autohome Company 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.