Vanguard Group Inc. Boosts Stock Holdings in Autohome Inc. $ATHM

Key Points

• Vanguard Group Inc. has increased its holdings in Autohome Inc. by 4.5% in Q1, owning approximately 2.16% of the company, valued at about $71.7 million.
• Several other hedge funds also raised their stakes in Autohome during the first quarter, with over 63% of shares now owned by institutional investors.
• Wall Street analysts upgraded Autohome's rating from "hold" to "buy," with a consensus target price of $36.00, reflecting positive sentiment about the company's stock performance.

Vanguard Group Inc. boosted its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,587,172 shares of the information services provider's stock after buying an additional 111,914 shares during the quarter. Vanguard Group Inc. owned approximately 2.16% of Autohome worth $71,716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Krane Funds Advisors LLC lifted its holdings in Autohome by 23.4% during the 1st quarter. Krane Funds Advisors LLC now owns 3,520,385 shares of the information services provider's stock worth $97,585,000 after buying an additional 667,669 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake 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 purchasing an additional 580,252 shares during the period. Polunin Capital Partners Ltd lifted its stake in shares of Autohome by 14.9% in the 1st quarter. Polunin Capital Partners Ltd now owns 1,192,015 shares of the information services provider's stock valued at $33,043,000 after purchasing an additional 154,194 shares during the period. Federated Hermes Inc. lifted its stake 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 purchasing an additional 369,899 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Autohome by 6,649.0% in the 1st 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. 63.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Autohome Trading Up 1.4%

ATHM stock traded up $0.40 during trading on Friday, reaching $28.84. 284,600 shares of the stock were exchanged, compared to its average volume of 299,109. The firm's 50 day moving average is $27.58 and its 200 day moving average is $27.30. Autohome Inc. has a twelve month low of $23.39 and a twelve month high of $34.70. The firm has a market cap of $3.46 billion, a P/E ratio of 16.97 and a beta of -0.03.

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.