Mirae Asset Global Investments Co. Ltd. lifted its position in Autohome Inc. (NYSE:ATHM - Free Report) by 6,649.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 724,773 shares of the information services provider's stock after buying an additional 714,034 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.60% of Autohome worth $20,091,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its stake in shares of Autohome by 33.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 2,299,013 shares of the information services provider's stock worth $63,729,000 after acquiring an additional 580,252 shares during the last quarter. Norges Bank acquired a new stake in Autohome during the fourth quarter worth $12,195,000. Invesco Ltd. boosted its stake in Autohome by 7.0% during the fourth quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider's stock worth $165,776,000 after buying an additional 415,515 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Autohome in the 1st quarter valued at $5,548,000. Finally, Krane Funds Advisors LLC raised its stake in shares of Autohome by 7.2% in the 4th quarter. Krane Funds Advisors LLC now owns 2,852,716 shares of the information services provider's stock valued at $74,028,000 after buying an additional 191,845 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Wall Street Zen raised shares of Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. upgraded shares of Autohome from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $24.00 to $36.00 in a report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.
View Our Latest Stock Analysis on Autohome
Autohome Price Performance
Autohome stock traded down $0.09 during mid-day trading on Monday, hitting $25.84. 274,052 shares of the company's stock traded hands, compared to its average volume of 495,942. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The stock has a market cap of $3.10 billion and a price-to-earnings ratio of 14.28. The firm has a 50 day simple moving average of $25.88 and a two-hundred day simple moving average of $27.03.
Autohome Profile
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Free Report)
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.
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