Northern Trust Corp Increases Position in Autohome Inc. $ATHM

Key Points

• Northern Trust Corp increased its stake in Autohome Inc. by 12.5%, owning approximately 390,800 shares valued at $10.8 million as of the latest SEC filing.
• Other institutional investors also significantly boosted their stakes in Autohome, with some like Mirae Asset Global Investments increasing their holdings by over 6,600% during the first quarter.
• Analysts upgraded Autohome's stock from a "hold" to a "buy" rating, with a consensus price target set at $36.00.

Northern Trust Corp lifted its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 390,800 shares of the information services provider's stock after acquiring an additional 43,300 shares during the quarter. Northern Trust Corp owned 0.33% of Autohome worth $10,833,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in shares of Autohome by 4.4% in the 1st 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 last quarter. Krane Funds Advisors LLC lifted its holdings in Autohome by 23.4% during the 1st 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 in the last quarter. Vanguard Group Inc. lifted its holdings in Autohome by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 2,587,172 shares of the information services provider's stock worth $71,716,000 after buying an additional 111,914 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Autohome by 33.8% during the 1st 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. Finally, Polunin Capital Partners Ltd lifted its holdings in Autohome by 14.9% during the 1st quarter. Polunin Capital Partners Ltd now owns 1,192,015 shares of the information services provider's stock worth $33,043,000 after buying an additional 154,194 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Stock Down 2.3%

Autohome stock traded down $0.67 during mid-day trading on Wednesday, reaching $28.69. 226,219 shares of the company's stock were exchanged, compared to its average volume of 250,287. The company has a market cap of $3.44 billion, a P/E ratio of 16.88 and a beta of 0.01. Autohome Inc. has a twelve month low of $23.39 and a twelve month high of $34.70. The company has a fifty day moving average of $28.04 and a 200-day moving average of $27.24.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Autohome from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.