Pictet Asset Management Holding SA Purchases 104,800 Shares of Autohome Inc. $ATHM

Key Points

• Pictet Asset Management increased its stake in Autohome (NYSE:ATHM) by 33.4% in Q4, buying 104,800 shares to own 418,500 shares (about 0.36% of the company) valued at roughly $9.32 million.
• Other institutions also adjusted positions—UBS added 148,865 shares (+33.3%) to hold 595,970 shares and Vanguard holds 2.68 million shares (+1.5%)—with institutional investors owning 63.08% of the stock.
• ATHM trades near $18.60 with a market cap of $2.14B and a P/E of 11.34; analysts carry a consensus "Reduce" rating with an average price target of $28 and several recent downgrades.

Pictet Asset Management Holding SA increased its position in Autohome Inc. (NYSE:ATHM - Free Report) by 33.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 418,500 shares of the information services provider's stock after buying an additional 104,800 shares during the period. Pictet Asset Management Holding SA owned about 0.36% of Autohome worth $9,316,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. UBS Group AG boosted its holdings in Autohome by 33.3% in the 4th quarter. UBS Group AG now owns 595,970 shares of the information services provider's stock worth $13,266,000 after buying an additional 148,865 shares during the period. Vanguard Group Inc. boosted its holdings in Autohome by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,682,506 shares of the information services provider's stock worth $59,713,000 after buying an additional 39,969 shares during the period. Venturi Wealth Management LLC bought a new position in Autohome in the 4th quarter worth $330,000. Aberdeen Group plc boosted its holdings in Autohome by 6.3% in the 4th quarter. Aberdeen Group plc now owns 409,689 shares of the information services provider's stock worth $9,120,000 after buying an additional 24,338 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Autohome by 210.0% in the 4th quarter. SG Americas Securities LLC now owns 56,595 shares of the information services provider's stock worth $1,260,000 after purchasing an additional 38,341 shares in the last quarter. Institutional investors own 63.08% of the company's stock.

Autohome Stock Down 0.2%

Shares of ATHM stock opened at $18.60 on Friday. The stock has a market cap of $2.14 billion, a P/E ratio of 11.34 and a beta of 0.26. Autohome Inc. has a 52 week low of $16.74 and a 52 week high of $29.92. The company's fifty day simple moving average is $18.51 and its two-hundred day simple moving average is $21.79.

Autohome (NYSE:ATHM - Get Free Report) last announced its quarterly earnings results on Sunday, February 15th. The information services provider reported $0.09 EPS for the quarter. The business had revenue of $208.96 million for the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. On average, analysts anticipate that Autohome Inc. will post 1.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on ATHM shares. Benchmark reiterated a "hold" rating on shares of Autohome in a research note on Tuesday, February 24th. Weiss Ratings cut shares of Autohome from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, April 20th. Wall Street Zen cut shares of Autohome from a "hold" rating to a "sell" rating in a research note on Saturday, April 25th. Finally, Zacks Research upgraded shares of Autohome from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $28.00.

Autohome Company Profile

Autohome Inc NYSE: ATHM operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.

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