72,038 Shares in Autohome Inc. (NYSE:ATHM) Purchased by Man Group plc

Man Group plc purchased a new stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 72,038 shares of the information services provider's stock, valued at approximately $1,869,000. Man Group plc owned 0.06% of Autohome at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ATHM. Vontobel Holding Ltd. grew its position in Autohome by 27.4% during the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock valued at $222,000 after acquiring an additional 1,841 shares during the period. Walleye Capital LLC acquired a new position in shares of Autohome during the fourth quarter worth about $231,000. Headlands Technologies LLC lifted its stake 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 worth $256,000 after purchasing an additional 9,073 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Autohome by 37.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider's stock worth $261,000 after purchasing an additional 2,652 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Autohome during the fourth quarter worth about $269,000. Hedge funds and other institutional investors own 63.08% of the company's stock.

Autohome Trading Up 0.2%

Shares of ATHM traded up $0.04 during midday trading on Thursday, reaching $24.85. 93,764 shares of the company were exchanged, compared to its average volume of 501,690. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $34.70. The stock has a 50-day moving average price of $26.27 and a 200-day moving average price of $27.37. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 13.43 and a beta of 0.02.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ATHM. Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $24.00 to $36.00 in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.