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

Key Points

• E Fund Management Co. Ltd. reduced its stake in Autohome Inc. by 18.9%, now holding 315,787 shares valued at $8,754,000.
• Several institutional investors made significant adjustments to their holdings, with Mirae Asset Global Investments increasing its position by 6,649% and others like Federated Hermes and Krane Funds Advisors also raising their stakes considerably.
• Autohome received a rating upgrade from a "hold" to a "buy" from Wall Street Zen, with a current consensus target price of $36.00.

E Fund Management Co. Ltd. reduced its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 18.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,787 shares of the information services provider's stock after selling 73,427 shares during the quarter. E Fund Management Co. Ltd. owned approximately 0.26% of Autohome worth $8,754,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Autohome by 2,671.8% during 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 last quarter. Walleye Capital LLC purchased a new stake in shares of Autohome during the 4th quarter valued at $231,000. Quantinno Capital Management LP acquired a new stake in shares of Autohome in the 4th quarter worth $257,000. Ping Capital Management Inc. purchased a new position in Autohome during the 1st quarter worth $277,000. Finally, Vontobel Holding Ltd. grew its stake in Autohome by 26.4% during the 1st quarter. Vontobel Holding Ltd. now owns 10,828 shares of the information services provider's stock worth $300,000 after buying an additional 2,264 shares during the last quarter. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Price Performance

Autohome stock traded down $0.44 during midday trading on Friday, reaching $28.41. The company's stock had a trading volume of 365,449 shares, compared to its average volume of 270,076. The stock's 50-day simple moving average is $27.00 and its 200-day simple moving average is $27.24. Autohome Inc. has a 52-week low of $23.05 and a 52-week high of $34.70. The stock has a market capitalization of $3.40 billion, a P/E ratio of 16.71 and a beta of -0.03.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Two 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, Autohome presently has an average rating of "Moderate Buy" and an average price target of $36.00.

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.