Mondrian Investment Partners LTD Lowers Stock Position in Autohome Inc. (NYSE:ATHM)

Key Points

• Mondrian Investment Partners LTD reduced its stake in Autohome Inc. by 28.5%, selling 842,777 shares, and now holds approximately 1.77% of the company, valued at $58.65 million.
• GAMMA Investing LLC dramatically increased its holdings in Autohome by 2,671.8%, acquiring 1,897 additional shares during the same period.
• Wall Street analysts have upgraded Autohome's stock rating from a "hold" to a "buy," with an average price target of $36.00.

Mondrian Investment Partners LTD lessened its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 28.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,115,874 shares of the information services provider's stock after selling 842,777 shares during the quarter. Mondrian Investment Partners LTD owned approximately 1.77% of Autohome worth $58,652,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its stake in shares of Autohome by 18.9% during the first quarter. Public Sector Pension Investment Board now owns 25,191 shares of the information services provider's stock valued at $698,000 after purchasing an additional 4,000 shares during the period. AIA Group Ltd purchased a new stake in Autohome in the first quarter worth $475,000. Nuveen LLC purchased a new stake in Autohome in the first quarter worth $4,679,000. Invesco Ltd. lifted its stake in Autohome by 4.4% in the first quarter. Invesco Ltd. now owns 6,672,325 shares of the information services provider's stock worth $184,957,000 after acquiring an additional 284,057 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Autohome by 118.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 84,645 shares of the information services provider's stock worth $2,346,000 after acquiring an additional 45,854 shares during the period. Hedge funds and other institutional investors own 63.08% of the company's stock.

Autohome Stock Performance

ATHM stock traded down $0.44 on Friday, reaching $28.41. The company's stock had a trading volume of 365,449 shares, compared to its average volume of 270,076. The business has a fifty day simple moving average of $27.00 and a two-hundred day simple moving average of $27.25. Autohome Inc. has a 12-month low of $23.05 and a 12-month high of $34.70. The firm has a market cap of $3.40 billion, a PE ratio of 16.71 and a beta of -0.03.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Two research 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's stock. Based on data from MarketBeat.com, Autohome currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.00.

About Autohome

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.