Autohome Inc. (NYSE:ATHM) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank reduced its stake in Autohome Inc. by 44.6%, now holding 16,631 shares worth approximately $461,000.
• Several institutional investors have recently increased their positions in Autohome, with 63.08% of the stock currently owned by such entities.
• Wall Street Zen upgraded Autohome's rating from "hold" to "buy", contributing to a consensus rating of "Moderate Buy" with an average target price of $36.00.

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 44.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,631 shares of the information services provider's stock after selling 13,365 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Autohome were worth $461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATHM. Ping Capital Management Inc. purchased a new position in Autohome during the 1st quarter worth $277,000. Massachusetts Financial Services Co. MA purchased a new position in Autohome during the 1st quarter worth $698,000. New York State Common Retirement Fund grew its position in Autohome by 4.1% during the 1st quarter. New York State Common Retirement Fund now owns 130,739 shares of the information services provider's stock worth $3,624,000 after purchasing an additional 5,200 shares during the last quarter. Cerity Partners LLC purchased a new position in Autohome during the 1st quarter worth $912,000. Finally, Bank of New York Mellon Corp grew its position in Autohome by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 71,083 shares of the information services provider's stock worth $1,970,000 after purchasing an additional 1,198 shares during the last quarter. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Autohome from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Two 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 stock. According to data from MarketBeat.com, Autohome currently has a consensus rating of "Moderate Buy" and an average target price of $36.00.

Autohome Stock Up 0.8%

Shares of NYSE:ATHM opened at $27.97 on Friday. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 16.45 and a beta of -0.03. The firm's 50-day simple moving average is $26.54 and its 200-day simple moving average is $27.20. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70.

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.

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