Kayne Anderson Rudnick Investment Management LLC Cuts Position in Autohome Inc. $ATHM

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in Autohome Inc. by 8.5%, owning 422,500 shares valued at approximately $11.7 million after selling 39,399 shares in the first quarter.
• The stock opened at $29.14 and has fluctuated between a one-year low of $23.39 and a high of $34.70, with institutional investors holding 63.08% of the stock.
• Analysts have recently upgraded Autohome's rating from "hold" to "buy," with an average price target of $36.00.

Kayne Anderson Rudnick Investment Management LLC lessened its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 8.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 422,500 shares of the information services provider's stock after selling 39,399 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 0.35% of Autohome worth $11,712,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Autohome by 2,671.8% during the 1st quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider's stock valued at $55,000 after acquiring an additional 1,897 shares during the period. SVB Wealth LLC bought a new stake in shares of Autohome during the first quarter valued at approximately $57,000. Liontrust Investment Partners LLP bought a new stake in shares of Autohome during the first quarter valued at approximately $129,000. Quantinno Capital Management LP bought a new stake in shares of Autohome during the fourth quarter valued at approximately $257,000. Finally, Ping Capital Management Inc. bought a new stake in shares of Autohome during the first quarter valued at approximately $277,000. Institutional investors and hedge funds own 63.08% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned 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 target price of $36.00.

Autohome Stock Up 1.4%

ATHM stock traded up $0.40 during mid-day trading on Friday, reaching $28.84. 284,600 shares of the company traded hands, compared to its average volume of 299,109. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 16.97 and a beta of -0.03. Autohome Inc. has a fifty-two week low of $23.39 and a fifty-two week high of $34.70. The firm's 50 day moving average price is $27.58 and its 200 day moving average price is $27.29.

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.