GF Fund Management CO. LTD. Reduces Stock Position in Autohome Inc. (NYSE:ATHM)

GF Fund Management CO. LTD. trimmed its position in Autohome Inc. (NYSE:ATHM - Free Report) by 38.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,525 shares of the information services provider's stock after selling 40,827 shares during the quarter. GF Fund Management CO. LTD. owned about 0.05% of Autohome worth $1,816,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Autohome by 2,671.8% in the 1st quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider's stock valued at $55,000 after purchasing an additional 1,897 shares during the last quarter. Walleye Capital LLC acquired a new position in Autohome in the fourth quarter valued at about $231,000. Headlands Technologies LLC lifted its position in Autohome by 1,135.5% in the fourth quarter. Headlands Technologies LLC now owns 9,872 shares of the information services provider's stock valued at $256,000 after buying an additional 9,073 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Autohome in the fourth quarter valued at about $257,000. Finally, Quantbot Technologies LP acquired a new position in shares of Autohome in the 4th quarter worth approximately $269,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Trading Up 1.1%

Shares of Autohome stock traded up $0.30 during trading hours on Monday, hitting $26.58. 431,752 shares of the company were exchanged, compared to its average volume of 493,861. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 14.69 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 business has a 50-day moving average of $25.71 and a 200-day moving average of $27.01.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ATHM shares. Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $24.00 to $36.00 in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.00.

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.