Mondrian Investment Partners LTD Decreases Holdings 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 holdings in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 28.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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 1.77% of Autohome worth $58,652,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ATHM. Invesco Ltd. boosted its holdings in Autohome by 4.4% during the first quarter. Invesco Ltd. now owns 6,672,325 shares of the information services provider's stock worth $184,957,000 after purchasing an additional 284,057 shares during the last quarter. Krane Funds Advisors LLC boosted its holdings in 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 purchasing an additional 667,669 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Autohome by 4.5% during the first quarter. Vanguard Group Inc. now owns 2,587,172 shares of the information services provider's stock worth $71,716,000 after purchasing an additional 111,914 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in 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 purchasing an additional 580,252 shares during the last quarter. Finally, Polunin Capital Partners Ltd boosted its holdings in Autohome by 14.9% during the first quarter. Polunin Capital Partners Ltd now owns 1,192,015 shares of the information services provider's stock worth $33,043,000 after purchasing an additional 154,194 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company's stock.

Autohome Trading Down 1.5%

NYSE:ATHM traded down $0.44 during mid-day trading on Friday, hitting $28.41. 365,449 shares of the company's stock were exchanged, compared to its average volume of 270,076. The firm has a market capitalization of $3.40 billion, a P/E ratio of 16.71 and a beta of -0.03. Autohome Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $34.70. The company has a 50 day simple moving average of $27.00 and a 200-day simple moving average of $27.24.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Two 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.00.

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.