Bank of America Corp DE lessened its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 65.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 251,774 shares of the information services provider's stock after selling 471,536 shares during the period. Bank of America Corp DE owned 0.21% of Autohome worth $6,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. grew its stake in shares of Autohome by 27.4% during the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock worth $222,000 after acquiring an additional 1,841 shares during the last quarter. Walleye Capital LLC acquired a new position in Autohome in the fourth quarter valued at approximately $231,000. Asset Management One Co. Ltd. raised its stake in shares of Autohome by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider's stock worth $261,000 after buying an additional 2,652 shares during the period. Headlands Technologies LLC raised its stake in shares of Autohome by 1,135.5% during the 4th quarter. Headlands Technologies LLC now owns 9,872 shares of the information services provider's stock worth $256,000 after buying an additional 9,073 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Autohome during the 4th quarter worth approximately $269,000. Hedge funds and other institutional investors own 63.08% of the company's stock.
Autohome Trading Up 0.6%
ATHM traded up $0.14 during mid-day trading on Thursday, hitting $24.95. 479,974 shares of the stock were exchanged, compared to its average volume of 517,604. The firm's fifty day moving average is $26.27 and its two-hundred day moving average is $27.37. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $34.70. The company has a market cap of $2.99 billion, a PE ratio of 13.49 and a beta of 0.02.
Analysts Set New Price Targets
ATHM has been the subject of several research reports. Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $24.00 to $36.00 in a report on Wednesday, March 12th. Four 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 company. According to MarketBeat.com, Autohome has an average rating of "Moderate Buy" and an average target price of $32.00.
Check Out Our Latest Stock Analysis on Autohome
Autohome Profile
(
Free Report)
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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