Northern Trust Corp Purchases 161,210 Shares of Autohome Inc. (NYSE:ATHM)

Northern Trust Corp grew its position in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 86.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 347,500 shares of the information services provider's stock after acquiring an additional 161,210 shares during the quarter. Northern Trust Corp owned about 0.29% of Autohome worth $9,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. SIH Partners LLLP increased its stake in Autohome by 10.6% in the 4th quarter. SIH Partners LLLP now owns 27,100 shares of the information services provider's stock valued at $703,000 after buying an additional 2,600 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Autohome by 3.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 461,899 shares of the information services provider's stock valued at $11,986,000 after acquiring an additional 14,885 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Autohome during the fourth quarter valued at approximately $1,671,000. Walleye Capital LLC bought a new stake in Autohome during the fourth quarter worth $231,000. Finally, XTX Topco Ltd lifted its holdings in Autohome by 60.0% during the fourth quarter. XTX Topco Ltd now owns 40,079 shares of the information services provider's stock worth $1,040,000 after acquiring an additional 15,031 shares during the period. Institutional investors and hedge funds own 63.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ATHM shares. Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. raised shares of Autohome from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Autohome Stock Performance

Shares of ATHM traded down $0.06 on Friday, reaching $24.81. The stock had a trading volume of 228,251 shares, compared to its average volume of 519,114. Autohome Inc. has a 12-month low of $21.89 and a 12-month high of $34.70. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 13.41 and a beta of 0.02. The company has a 50-day simple moving average of $26.55 and a 200-day simple moving average of $27.44.

Autohome (NYSE:ATHM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. Autohome had a net margin of 23.02% and a return on equity of 7.79%. The company had revenue of $244.33 million during the quarter, compared to analysts' expectations of $243.26 million. On average, analysts expect that Autohome Inc. will post 1.84 EPS for the current fiscal year.

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.