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

Northern Trust Corp increased its holdings in Autohome Inc. (NYSE:ATHM - Free Report) by 86.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 347,500 shares of the information services provider's stock after purchasing an additional 161,210 shares during the quarter. Northern Trust Corp owned approximately 0.29% of Autohome worth $9,018,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ATHM. Robeco Institutional Asset Management B.V. increased its position in Autohome by 140.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider's stock valued at $44,602,000 after purchasing an additional 1,004,043 shares during the period. Norges Bank bought a new stake in shares of Autohome in the 4th quarter valued at $12,195,000. Invesco Ltd. increased its position in shares of 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 during the period. North of South Capital LLP increased its position in shares of Autohome by 16.3% during the fourth quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider's stock worth $51,001,000 after buying an additional 274,974 shares during the period. Finally, Krane Funds Advisors LLC raised its stake in Autohome by 7.2% during the fourth quarter. Krane Funds Advisors LLC now owns 2,852,716 shares of the information services provider's stock worth $74,028,000 after buying an additional 191,845 shares during the last quarter. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATHM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Autohome from a "neutral" rating to an "overweight" rating and upped their price target for the company from $24.00 to $36.00 in a research report on Wednesday, March 12th. Wall Street Zen raised Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday. Four equities research 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

Autohome Price Performance

Shares of Autohome stock traded up $0.12 during trading on Thursday, reaching $24.84. 479,692 shares of the company traded hands, compared to its average volume of 518,593. The firm has a market capitalization of $2.98 billion, a PE ratio of 13.43 and a beta of 0.02. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $34.70. The company has a 50 day moving average price of $26.80 and a 200-day moving average price of $27.50.

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

About Autohome

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.