Millennium Management LLC Sells 93,307 Shares of Autohome Inc. (NYSE:ATHM)

Millennium Management LLC lessened its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 34.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,920 shares of the information services provider's stock after selling 93,307 shares during the period. Millennium Management LLC owned 0.15% of Autohome worth $4,565,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in Autohome by 140.5% during 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Autohome by 15.1% during the fourth 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 buying an additional 14,200 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Autohome by 37.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider's stock valued at $261,000 after buying an additional 2,652 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Autohome by 27.4% in the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock valued at $222,000 after buying an additional 1,841 shares during the period. Finally, Rhumbline Advisers grew its position in Autohome by 3.1% during the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider's stock worth $357,000 after buying an additional 420 shares in the last quarter. Institutional investors own 63.08% of the company's stock.

Analyst Upgrades and Downgrades

ATHM has been the subject of several research reports. JPMorgan Chase & Co. raised Autohome from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. Wall Street Zen raised shares of Autohome from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.00.

Autohome Price Performance

NYSE ATHM traded down $0.41 during trading on Friday, reaching $24.50. 1,015,154 shares of the company's stock were exchanged, compared to its average volume of 519,130. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The business has a 50 day moving average price of $26.14 and a 200-day moving average price of $27.34. The stock has a market capitalization of $2.94 billion, a P/E ratio of 13.24 and a beta of 0.02.

Autohome 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.