Autohome Inc. (NYSE:ATHM) Shares Sold by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. lowered its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 23.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,008 shares of the information services provider's stock after selling 12,531 shares during the quarter. Autohome makes up about 1.0% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 13th biggest position. E Fund Management Hong Kong Co. Ltd.'s holdings in Autohome were worth $1,109,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. grew its holdings 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 in the last quarter. Krane Funds Advisors LLC boosted its position 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 acquiring an additional 191,845 shares during the last quarter. Vanguard Group Inc. grew its stake in Autohome by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 2,475,258 shares of the information services provider's stock worth $64,233,000 after acquiring an additional 130,983 shares during the period. Polunin Capital Partners Ltd grew its stake in 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 worth $33,043,000 after acquiring an additional 154,194 shares during the period. Finally, Schroder Investment Management Group raised its holdings in Autohome by 4.3% in the 4th quarter. Schroder Investment Management Group now owns 899,860 shares of the information services provider's stock valued at $23,351,000 after acquiring an additional 36,703 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ATHM. Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Autohome has a consensus rating of "Moderate Buy" and an average target price of $32.00.

Autohome Stock Down 0.1%

NYSE:ATHM opened at $25.42 on Tuesday. The company has a market cap of $3.05 billion and a P/E ratio of 14.04. The firm's 50 day moving average is $25.88 and its two-hundred day moving average is $27.10. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70.

Autohome 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.

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