GF Fund Management CO. LTD. Makes New Investment in Autohome Inc. (NYSE:ATHM)

GF Fund Management CO. LTD. purchased a new position in Autohome Inc. (NYSE:ATHM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 106,352 shares of the information services provider's stock, valued at approximately $2,760,000. GF Fund Management CO. LTD. owned approximately 0.09% of Autohome at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in Autohome by 3.1% in the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider's stock worth $357,000 after acquiring an additional 420 shares in the last quarter. Nuveen Asset Management LLC grew its position in Autohome by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 126,612 shares of the information services provider's stock worth $3,286,000 after acquiring an additional 1,198 shares in the last quarter. Vontobel Holding Ltd. grew its position in Autohome by 27.4% in 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 in the last quarter. Franklin Resources Inc. grew its position in Autohome by 5.5% in the fourth quarter. Franklin Resources Inc. now owns 43,714 shares of the information services provider's stock worth $1,134,000 after acquiring an additional 2,266 shares in the last quarter. Finally, SIH Partners LLLP grew its position in Autohome by 10.6% in the fourth quarter. SIH Partners LLLP now owns 27,100 shares of the information services provider's stock worth $703,000 after acquiring an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ATHM shares. 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. Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Autohome presently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Autohome Trading Up 0.2%

Shares of NYSE ATHM traded up $0.04 during trading hours on Wednesday, reaching $24.77. The stock had a trading volume of 339,458 shares, compared to its average volume of 517,754. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 13.39 and a beta of 0.02. The business's fifty day moving average price is $26.27 and its two-hundred day moving average price is $27.37.

About Autohome

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.