Ping Capital Management Inc. Makes New $277,000 Investment in Autohome Inc. (NYSE:ATHM)

Ping Capital Management Inc. purchased a new position in Autohome Inc. (NYSE:ATHM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the information services provider's stock, valued at approximately $277,000.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Autohome by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 159,800 shares of the information services provider's stock valued at $4,147,000 after purchasing an additional 4,812 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Autohome in the 4th quarter worth about $257,000. California State Teachers Retirement System increased its stake in Autohome by 4,293.6% in the 4th quarter. California State Teachers Retirement System now owns 23,989 shares of the information services provider's stock worth $623,000 after buying an additional 23,443 shares during the period. Northern Trust Corp increased its stake in Autohome by 86.5% in the 4th quarter. Northern Trust Corp now owns 347,500 shares of the information services provider's stock worth $9,018,000 after buying an additional 161,210 shares during the period. Finally, GAMMA Investing LLC increased its stake in Autohome by 2,671.8% in the 1st quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider's stock worth $55,000 after buying an additional 1,897 shares during the period. 63.08% of the stock is currently owned by institutional investors.

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. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.00.

Autohome Stock Up 0.9%

NYSE:ATHM traded up $0.25 on Friday, reaching $27.97. 261,310 shares of the company's stock were exchanged, compared to its average volume of 483,786. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 15.45 and a beta of 0.02. The business has a fifty day moving average of $25.85 and a 200-day moving average of $27.07.

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.