Invesco Ltd. Buys 284,057 Shares of Autohome Inc. $ATHM

Key Points

• Invesco Ltd. increased its stake in Autohome Inc. by 4.4%, owning a total of 6,672,325 shares worth approximately $184.96 million.
• Autohome has experienced recent investment increases from several institutional investors, contributing to approximately 63.08% of the company's stock being held by institutional investors and hedge funds.
• Wall Street analysts have upgraded Autohome's rating from "hold" to "buy," with a consensus price target of $36.00 for the stock.

Invesco Ltd. lifted its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,672,325 shares of the information services provider's stock after buying an additional 284,057 shares during the quarter. Invesco Ltd. owned about 5.57% of Autohome worth $184,957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Krane Funds Advisors LLC raised its stake in shares of Autohome by 23.4% in the first quarter. Krane Funds Advisors LLC now owns 3,520,385 shares of the information services provider's stock worth $97,585,000 after buying an additional 667,669 shares during the period. Vanguard Group Inc. raised its stake in shares of Autohome by 4.5% in the first quarter. Vanguard Group Inc. now owns 2,587,172 shares of the information services provider's stock worth $71,716,000 after buying an additional 111,914 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Autohome by 33.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 2,299,013 shares of the information services provider's stock worth $63,729,000 after buying an additional 580,252 shares during the period. Polunin Capital Partners Ltd raised its stake in shares of Autohome by 14.9% in the first quarter. Polunin Capital Partners Ltd now owns 1,192,015 shares of the information services provider's stock worth $33,043,000 after buying an additional 154,194 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Autohome by 75.0% in the first quarter. Federated Hermes Inc. now owns 862,881 shares of the information services provider's stock worth $23,919,000 after buying an additional 369,899 shares during the period. Institutional investors own 63.08% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.00.

Autohome Trading Up 0.6%

ATHM traded up $0.17 on Monday, hitting $28.60. 82,822 shares of the company's stock traded hands, compared to its average volume of 427,818. The company's 50 day simple moving average is $27.00 and its 200-day simple moving average is $27.23. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 16.83 and a beta of -0.03. Autohome Inc. has a one year low of $23.08 and a one year high of $34.70.

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.