Krane Funds Advisors LLC Buys 667,669 Shares of Autohome Inc. (NYSE:ATHM)

Krane Funds Advisors LLC grew its holdings in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 23.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,520,385 shares of the information services provider's stock after purchasing an additional 667,669 shares during the period. Autohome makes up approximately 2.8% of Krane Funds Advisors LLC's holdings, making the stock its 11th largest position. Krane Funds Advisors LLC owned approximately 2.94% of Autohome worth $97,585,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Autohome by 2,671.8% during the first quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider's stock valued at $55,000 after acquiring an additional 1,897 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Autohome during the fourth quarter valued at approximately $231,000. Headlands Technologies LLC increased its position in shares of Autohome by 1,135.5% during the fourth quarter. Headlands Technologies LLC now owns 9,872 shares of the information services provider's stock valued at $256,000 after acquiring an additional 9,073 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Autohome during the fourth quarter valued at approximately $257,000. Finally, Quantbot Technologies LP bought a new stake in shares of Autohome during the fourth quarter valued at approximately $269,000. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Trading Down 0.6%

NYSE:ATHM traded down $0.17 during trading hours on Friday, reaching $26.28. The company had a trading volume of 121,870 shares, compared to its average volume of 493,175. 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 $3.15 billion, a price-to-earnings ratio of 14.52 and a beta of 0.02. The firm's 50 day moving average price is $25.77 and its 200-day moving average price is $27.00.

Analyst Upgrades and Downgrades

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

Autohome Company 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.