Assenagon Asset Management S.A. Makes New Investment in Autohome Inc. (NYSE:ATHM)

Assenagon Asset Management S.A. acquired a new position in Autohome Inc. (NYSE:ATHM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 200,156 shares of the information services provider's stock, valued at approximately $5,548,000. Assenagon Asset Management S.A. owned approximately 0.17% of Autohome at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ATHM. Asset Management One Co. Ltd. lifted its stake in Autohome by 37.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider's stock worth $261,000 after acquiring an additional 2,652 shares in the last quarter. Vontobel Holding Ltd. increased its position in Autohome by 27.4% in the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock worth $222,000 after purchasing an additional 1,841 shares during the last quarter. Rhumbline Advisers increased its position in Autohome by 3.1% in the 4th quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider's stock worth $357,000 after purchasing an additional 420 shares during the last quarter. Alberta Investment Management Corp increased its position in Autohome by 3.5% in the 4th quarter. Alberta Investment Management Corp now owns 254,139 shares of the information services provider's stock worth $6,595,000 after purchasing an additional 8,545 shares during the last quarter. Finally, North of South Capital LLP increased its position in Autohome by 16.3% in the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider's stock worth $51,001,000 after purchasing an additional 274,974 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on ATHM shares. Wall Street Zen raised Autohome from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. raised Autohome from a "neutral" rating to an "overweight" rating and raised their target price for the company from $24.00 to $36.00 in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Autohome Stock Down 1.8%

Shares of ATHM stock traded down $0.47 during mid-day trading on Friday, reaching $25.45. The stock had a trading volume of 498,905 shares, compared to its average volume of 506,028. The firm's 50 day simple moving average is $25.85 and its 200 day simple moving average is $27.20. Autohome Inc. has a one year low of $21.89 and a one year high of $34.70. The firm has a market cap of $3.05 billion, a PE ratio of 13.76 and a beta of 0.02.

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.