Krane Funds Advisors LLC Has $97.59 Million Stock Holdings in Autohome Inc. (NYSE:ATHM)

Krane Funds Advisors LLC raised its position in Autohome Inc. (NYSE:ATHM - Free Report) by 23.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,520,385 shares of the information services provider's stock after buying an additional 667,669 shares during the period. Autohome makes up about 2.8% of Krane Funds Advisors LLC's holdings, making the stock its 11th biggest holding. Krane Funds Advisors LLC owned approximately 2.94% of Autohome worth $97,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of Autohome by 3.1% during the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider's stock valued at $357,000 after buying an additional 420 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Autohome by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 126,612 shares of the information services provider's stock valued at $3,286,000 after acquiring an additional 1,198 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Autohome by 18.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 11,509 shares of the information services provider's stock valued at $319,000 after acquiring an additional 1,767 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Autohome by 2,671.8% in 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 last quarter. Finally, Vontobel Holding Ltd. lifted its stake in shares of Autohome by 26.4% in the 1st quarter. Vontobel Holding Ltd. now owns 10,828 shares of the information services provider's stock valued at $300,000 after purchasing an additional 2,264 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of 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 increased their price objective for the company from $24.00 to $36.00 in a report on Wednesday, March 12th. Four equities research 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Autohome Price Performance

ATHM stock traded down $0.17 during midday trading on Friday, hitting $26.28. The company's stock had a trading volume of 121,870 shares, compared to its average volume of 494,110. The stock has a market capitalization of $3.15 billion, a P/E ratio of 14.52 and a beta of 0.02. The company's fifty day moving average price is $25.74 and its 200 day moving average price is $27.00. Autohome Inc. has a twelve month low of $21.89 and a twelve month 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.