GF Fund Management CO. LTD. Lowers Holdings in Autohome Inc. (NYSE:ATHM)

GF Fund Management CO. LTD. decreased its position in Autohome Inc. (NYSE:ATHM - Free Report) by 38.4% during the first quarter, according to the company in 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 0.05% of Autohome worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Autohome by 3.1% in the 4th quarter. JPMorgan Chase & Co. now owns 159,800 shares of the information services provider's stock worth $4,147,000 after purchasing an additional 4,812 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Autohome in the 4th quarter worth approximately $257,000. California State Teachers Retirement System boosted its holdings in shares of Autohome by 4,293.6% in the 4th quarter. California State Teachers Retirement System now owns 23,989 shares of the information services provider's stock worth $623,000 after purchasing an additional 23,443 shares during the period. Northern Trust Corp boosted its holdings in shares of Autohome by 86.5% in the 4th quarter. Northern Trust Corp now owns 347,500 shares of the information services provider's stock worth $9,018,000 after purchasing an additional 161,210 shares during the period. Finally, GAMMA Investing LLC boosted its holdings 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 worth $55,000 after purchasing an additional 1,897 shares during the period. Institutional investors own 63.08% of the company's stock.

Analysts Set New Price Targets

ATHM has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $24.00 to $36.00 in a report on Wednesday, March 12th. Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $32.00.

Autohome Stock Up 1.2%

ATHM traded up $0.32 during trading hours on Tuesday, reaching $26.93. 199,794 shares of the company's stock traded hands, compared to its average volume of 492,495. The firm has a 50-day moving average price of $25.70 and a 200 day moving average price of $27.01. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70. The firm has a market capitalization of $3.23 billion, a PE ratio of 14.88 and a beta of 0.02.

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.