Nuveen LLC Purchases Shares of 168,812 Autohome Inc. $ATHM

Key Points

• Nuveen LLC has invested approximately $4.68 million in Autohome Inc. by acquiring 168,812 shares in the first quarter, which constitutes about 0.14% of the company's stock.
• Other institutional investors such as Barclays PLC and Northern Trust Corp have also increased their stakes in Autohome, indicating growing interest from large investors.
• Wall Street analysts have raised their rating on Autohome to "buy", with a consensus price target of $36.00, suggesting optimistic future performance for the stock.

Nuveen LLC purchased a new stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 168,812 shares of the information services provider's stock, valued at approximately $4,679,000. Nuveen LLC owned approximately 0.14% of Autohome as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Invesco Ltd. lifted its stake in shares of 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 in the last quarter. Krane Funds Advisors LLC lifted its holdings in Autohome by 23.4% in 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% in 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. boosted its position in Autohome by 33.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,299,013 shares of the information services provider's stock valued at $63,729,000 after buying an additional 580,252 shares during the last quarter. Finally, Polunin Capital Partners Ltd grew its stake in shares of 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 valued at $33,043,000 after acquiring an additional 154,194 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Autohome currently has a consensus rating of "Moderate Buy" and an average price target of $36.00.

Autohome Trading Up 1.4%

NYSE ATHM traded up $0.40 during trading hours on Monday, reaching $28.84. The company's stock had a trading volume of 284,600 shares, compared to its average volume of 292,086. The business has a 50-day simple moving average of $27.64 and a 200 day simple moving average of $27.26. Autohome Inc. has a 52 week low of $23.39 and a 52 week high of $34.70. The stock has a market cap of $3.46 billion and a PE ratio of 16.97.

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.