Lansforsakringar Fondforvaltning AB publ Takes $311,000 Position in Autohome Inc. (NYSE:ATHM)

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of 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 institutional investor purchased 12,000 shares of the information services provider's stock, valued at approximately $311,000.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Autohome by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 159,800 shares of the information services provider's stock worth $4,147,000 after buying an additional 4,812 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Autohome by 27.4% during the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock worth $222,000 after buying an additional 1,841 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Autohome during the fourth quarter worth $257,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Autohome by 15.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 108,173 shares of the information services provider's stock valued at $2,807,000 after purchasing an additional 14,200 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in Autohome by 140.5% in 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 purchasing an additional 1,004,043 shares during the period. Institutional investors own 63.08% of the company's stock.

Autohome Price Performance

Shares of NYSE ATHM traded up $0.09 during trading on Tuesday, reaching $24.80. 447,550 shares of the stock traded hands, compared to its average volume of 515,322. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70. The company has a 50-day moving average of $26.01 and a 200-day moving average of $27.30. The stock has a market capitalization of $2.97 billion, a P/E ratio of 13.40 and a beta of 0.02.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ATHM. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $24.00 to $36.00 in a research note 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 research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.