Massachusetts Financial Services Co. MA bought a new stake in Autohome Inc. (NYSE:ATHM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,170 shares of the information services provider's stock, valued at approximately $698,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Autohome by 6,649.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 724,773 shares of the information services provider's stock valued at $20,091,000 after purchasing an additional 714,034 shares in the last quarter. Krane Funds Advisors LLC grew its stake in shares of Autohome by 23.4% during the first quarter. Krane Funds Advisors LLC now owns 3,520,385 shares of the information services provider's stock worth $97,585,000 after buying an additional 667,669 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Autohome by 33.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 2,299,013 shares of the information services provider's stock worth $63,729,000 after buying an additional 580,252 shares in the last quarter. Norges Bank bought a new position in shares of Autohome in the 4th quarter valued at $12,195,000. Finally, Invesco Ltd. increased its holdings in Autohome by 7.0% in the 4th quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider's stock worth $165,776,000 after purchasing an additional 415,515 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Three 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. Based on data from MarketBeat, Autohome has an average rating of "Moderate Buy" and an average target price of $36.00.
Read Our Latest Analysis on Autohome
Autohome Stock Down 0.2%
NYSE ATHM traded down $0.06 during trading hours on Thursday, reaching $28.36. 138,667 shares of the company were exchanged, compared to its average volume of 227,400. The stock has a market capitalization of $3.40 billion, a P/E ratio of 15.67 and a beta of 0.02. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70. The business's 50 day simple moving average is $26.00 and its 200-day simple moving average is $27.11.
Autohome Profile
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Free Report)
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.
Further Reading
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