Oldfield Partners LLP Sells 52,800 Shares of Autohome Inc. (NYSE:ATHM)

Key Points

• Oldfield Partners LLP reduced its stake in Autohome Inc. by 26.2% during the first quarter, selling 52,800 shares and now holding 149,100 shares.
• Autohome received an upgraded rating from analysts at Wall Street Zen, moving from a "hold" to a "buy" with a target price of $36.00.
• The stock is currently priced at $28.13, with a market cap of $3.37 billion and a price-to-earnings ratio of 15.54.

Oldfield Partners LLP reduced its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 26.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,100 shares of the information services provider's stock after selling 52,800 shares during the period. Autohome accounts for approximately 1.2% of Oldfield Partners LLP's holdings, making the stock its 14th biggest position. Oldfield Partners LLP owned approximately 0.12% of Autohome worth $4,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen Asset Management LLC increased its holdings in shares of Autohome by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 126,612 shares of the information services provider's stock worth $3,286,000 after acquiring an additional 1,198 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Autohome by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 71,083 shares of the information services provider's stock valued at $1,970,000 after buying an additional 1,198 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Autohome by 18.1% in the first quarter. Asset Management One Co. Ltd. now owns 11,509 shares of the information services provider's stock valued at $319,000 after acquiring an additional 1,767 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Autohome by 2,671.8% in the first quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider's stock valued at $55,000 after acquiring an additional 1,897 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in Autohome by 26.4% in the first quarter. Vontobel Holding Ltd. now owns 10,828 shares of the information services provider's stock valued at $300,000 after acquiring an additional 2,264 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Trading Down 1.2%

Shares of ATHM traded down $0.34 during mid-day trading on Wednesday, reaching $27.22. The company had a trading volume of 94,172 shares, compared to its average volume of 437,970. The firm has a fifty day simple moving average of $26.17 and a 200-day simple moving average of $27.16. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 15.04 and a beta of 0.02.

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 analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.