Autohome Inc. (NYSE:ATHM) Shares Bought by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in Autohome Inc. by 75% in the first quarter, owning approximately 862,881 shares valued at around $23.9 million.
• Other institutional investors have also significantly increased their positions in Autohome, with some, like GAMMA Investing LLC, raising stakes by over 2,600%.
• Analysts upgraded Autohome's stock rating from "hold" to "buy," with a consensus target price of $36.00, indicating positive market sentiment towards the company.

Federated Hermes Inc. grew its position in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 75.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 862,881 shares of the information services provider's stock after buying an additional 369,899 shares during the quarter. Federated Hermes Inc. owned 0.72% of Autohome worth $23,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATHM. JPMorgan Chase & Co. raised its position in Autohome by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 159,800 shares of the information services provider's stock worth $4,147,000 after acquiring an additional 4,812 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Autohome during the 4th quarter valued at $257,000. California State Teachers Retirement System raised its position in shares of Autohome by 4,293.6% during the 4th quarter. California State Teachers Retirement System now owns 23,989 shares of the information services provider's stock valued at $623,000 after purchasing an additional 23,443 shares during the period. Northern Trust Corp raised its position in shares of Autohome by 86.5% during the 4th quarter. Northern Trust Corp now owns 347,500 shares of the information services provider's stock valued at $9,018,000 after purchasing an additional 161,210 shares during the period. Finally, GAMMA Investing LLC raised its position 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 valued at $55,000 after purchasing an additional 1,897 shares during the period. Hedge funds and other institutional investors own 63.08% of the company's stock.

Autohome Price Performance

NYSE ATHM traded up $0.06 on Friday, hitting $27.15. The stock had a trading volume of 425,062 shares, compared to its average volume of 221,500. The business's fifty day moving average price is $26.30 and its 200 day moving average price is $27.19. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 15.97 and a beta of -0.03.

Analysts Set New Price Targets

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

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.