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

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

Several other large investors have also made changes to their positions in ATHM. Invesco Ltd. boosted its holdings in Autohome by 7.0% in the fourth quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider's stock worth $165,776,000 after purchasing an additional 415,515 shares in the last quarter. Krane Funds Advisors LLC lifted its position in shares of Autohome by 7.2% in the fourth quarter. Krane Funds Advisors LLC now owns 2,852,716 shares of the information services provider's stock worth $74,028,000 after buying an additional 191,845 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Autohome by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 2,475,258 shares of the information services provider's stock worth $64,233,000 after acquiring an additional 130,983 shares in the last quarter. North of South Capital LLP boosted its stake in shares of Autohome by 16.3% during the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider's stock worth $51,001,000 after acquiring an additional 274,974 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Autohome by 140.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider's stock valued at $44,602,000 after acquiring an additional 1,004,043 shares during the last quarter. Institutional investors own 63.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. upgraded shares of Autohome from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $24.00 to $36.00 in a research note on Wednesday, March 12th. Four 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Autohome Stock Down 3.2%

Shares of ATHM stock traded down $0.80 during trading hours on Friday, reaching $24.11. 199,971 shares of the company's stock were exchanged, compared to its average volume of 516,277. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The stock has a market capitalization of $2.89 billion, a P/E ratio of 13.03 and a beta of 0.02. The business has a fifty day moving average price of $26.21 and a 200-day moving average price of $27.35.

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.