Public Employees Retirement System of Ohio Makes New $5.29 Million Investment in Autohome Inc. $ATHM

Key Points

• Public Employees Retirement System of Ohio purchased 278,148 Autohome shares worth approximately $5.29 million, representing a 0.24% stake. Institutional investors collectively own 63.08% of the company.
• Analyst sentiment remains cautious: four analysts rate Autohome “Hold” and two rate it “Sell,” resulting in a consensus “Reduce” rating and an average price target of $17.77.
• Autohome shares opened at $21.91, compared with a 52-week range of $15.57 to $29.92; the company has a market capitalization of approximately $2.52 billion and a P/E ratio of 18.89.

Public Employees Retirement System of Ohio purchased a new stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 278,148 shares of the information services provider's stock, valued at approximately $5,293,000. Public Employees Retirement System of Ohio owned 0.24% of Autohome as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Autohome in the 2nd quarter valued at about $29,000. Global Retirement Partners LLC boosted its holdings in Autohome by 205.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider's stock valued at $37,000 after acquiring an additional 1,112 shares during the period. Guinness Asset Management LTD grew its position in Autohome by 20.7% during the 4th quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider's stock worth $76,000 after acquiring an additional 560 shares during the last quarter. Parallel Advisors LLC grew its position in Autohome by 30.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider's stock worth $82,000 after acquiring an additional 674 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in Autohome in the 3rd quarter worth approximately $106,000. 63.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen raised Autohome from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd. JPMorgan Chase & Co. lowered their price target on shares of Autohome from $20.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, June 3rd. Bank of America cut shares of Autohome from a "neutral" rating to an "underperform" rating and set a $19.00 price target for the company. in a research report on Tuesday, August 18th. HSBC lowered shares of Autohome from a "buy" rating to a "hold" rating and set a $17.30 price target on the stock. in a report on Thursday, May 14th. Finally, Zacks Research raised shares of Autohome from a "strong sell" rating to a "hold" rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $17.77.

Autohome Stock Performance

Autohome stock opened at $21.91 on Thursday. Autohome Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $29.92. The stock's 50 day simple moving average is $21.46 and its two-hundred day simple moving average is $19.46. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 18.89 and a beta of 0.23.

About Autohome

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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