Long Corridor Asset Management Ltd Has $12 Million Stock Holdings in Autohome Inc. $ATHM

Key Points

• Long Corridor Asset Management cut its Autohome stake by 24.6% in Q3, selling 137,000 shares and retaining 420,359 shares valued at about $12.0 million, which represents roughly 4.9% of its portfolio and is its 9th largest holding.
• Several other institutional investors increased their ATHM positions, leaving institutional ownership at about 63.08%, signaling active repositioning among funds.
• Autohome shares trade near $19.16 (12‑month range $17.87–$31.50) with a market cap of ~$2.24 billion; analyst sentiment is weak (consensus "Reduce") with an average price target of $28.00.

Long Corridor Asset Management Ltd lessened its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 24.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 420,359 shares of the information services provider's stock after selling 137,000 shares during the quarter. Autohome makes up approximately 4.9% of Long Corridor Asset Management Ltd's portfolio, making the stock its 9th biggest position. Long Corridor Asset Management Ltd owned 0.36% of Autohome worth $12,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ATHM. Resona Asset Management Co. Ltd. raised its holdings in Autohome by 18.6% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 21,684 shares of the information services provider's stock valued at $560,000 after buying an additional 3,397 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in Autohome by 128.0% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 22,245 shares of the information services provider's stock worth $574,000 after acquiring an additional 12,487 shares during the last quarter. KBC Group NV increased its position in shares of Autohome by 19.5% in the second quarter. KBC Group NV now owns 93,681 shares of the information services provider's stock valued at $2,416,000 after acquiring an additional 15,272 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Autohome by 124.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider's stock valued at $34,000 after acquiring an additional 739 shares during the period. Finally, ABN Amro Investment Solutions bought a new position in shares of Autohome during the second quarter valued at about $1,510,000. Institutional investors own 63.08% of the company's stock.

Autohome Trading Up 1.8%

Shares of NYSE ATHM opened at $19.16 on Friday. Autohome Inc. has a 12 month low of $17.87 and a 12 month high of $31.50. The firm has a market capitalization of $2.24 billion, a PE ratio of 11.68 and a beta of 0.12. The firm has a fifty day simple moving average of $21.59 and a two-hundred day simple moving average of $24.68.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ATHM. Benchmark reiterated a "hold" rating on shares of Autohome in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Autohome in a research report on Monday, December 29th. Finally, Zacks Research cut Autohome from a "hold" rating to a "strong sell" rating in a report on Friday, February 13th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $28.00.

Autohome Profile

Autohome Inc NYSE: ATHM operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.

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