Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 118.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,645 shares of the information services provider's stock after acquiring an additional 45,854 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Autohome worth $2,346,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of ATHM. Deutsche Bank AG grew its stake in shares of Autohome by 4.7% in the 1st quarter. Deutsche Bank AG now owns 126,924 shares of the information services provider's stock valued at $3,518,000 after buying an additional 5,680 shares during the period. Vanguard Group Inc. grew its stake in shares of Autohome by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 2,587,172 shares of the information services provider's stock valued at $71,716,000 after buying an additional 111,914 shares during the period. US Bancorp DE grew its stake in shares of Autohome by 7.6% in the 1st quarter. US Bancorp DE now owns 38,653 shares of the information services provider's stock valued at $1,071,000 after buying an additional 2,733 shares during the period. Federated Hermes Inc. grew its stake in shares of Autohome by 75.0% in the 1st quarter. Federated Hermes Inc. now owns 862,881 shares of the information services provider's stock valued at $23,919,000 after buying an additional 369,899 shares during the period. Finally, Ping Capital Management Inc. purchased a new stake in shares of Autohome in the 1st quarter valued at approximately $277,000. Hedge funds and other institutional investors own 63.08% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Two 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 stock. According to data from MarketBeat, Autohome presently has a consensus rating of "Moderate Buy" and an average target price of $36.00.
Check Out Our Latest Stock Analysis on ATHM
Autohome Price Performance
Shares of NYSE:ATHM traded down $0.44 during mid-day trading on Friday, reaching $28.41. 365,449 shares of the company were exchanged, compared to its average volume of 270,076. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 16.71 and a beta of -0.03. The firm's 50-day simple moving average is $27.00 and its 200 day simple moving average is $27.24. Autohome Inc. has a 1 year low of $23.05 and a 1 year high of $34.70.
About Autohome
(
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.
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