Man Group plc Makes New Investment in Autohome Inc. (NYSE:ATHM)

Man Group plc purchased a new stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 72,038 shares of the information services provider's stock, valued at approximately $1,869,000. Man Group plc owned about 0.06% of Autohome at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATHM. Invesco Ltd. grew its position in Autohome by 7.0% during the 4th quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider's stock worth $165,776,000 after acquiring an additional 415,515 shares during the last quarter. Krane Funds Advisors LLC grew its position in Autohome by 7.2% during the 4th quarter. Krane Funds Advisors LLC now owns 2,852,716 shares of the information services provider's stock worth $74,028,000 after acquiring an additional 191,845 shares during the last quarter. Vanguard Group Inc. grew its position in Autohome by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 2,475,258 shares of the information services provider's stock worth $64,233,000 after acquiring an additional 130,983 shares during the last quarter. North of South Capital LLP grew its position in shares of Autohome by 16.3% in the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider's stock valued at $51,001,000 after buying an additional 274,974 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of 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 buying an additional 1,004,043 shares during the last quarter. 63.08% of the stock is owned by institutional investors.

Autohome Price Performance

Shares of Autohome stock traded up $0.04 on Wednesday, hitting $24.77. 203,049 shares of the company's stock traded hands, compared to its average volume of 504,414. Autohome Inc. has a one year low of $21.89 and a one year high of $34.70. The company has a fifty day moving average of $26.35 and a two-hundred day moving average of $27.39. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 13.39 and a beta of 0.02.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen upgraded 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 upped their price objective for the company from $24.00 to $36.00 in a research note on Wednesday, March 12th. Four 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.