Swedbank AB Raises Stock Position in Autohome Inc. $ATHM

Key Points

• Swedbank AB increased its stake in Autohome Inc. by 71.8%, purchasing an additional 25,900 shares, which brings its total ownership to about 61,986 shares valued at approximately $1.7 million.
• Several other hedge funds, including the California State Teachers Retirement System and Northern Trust Corp, also significantly boosted their holdings in Autohome during recent quarters.
• Wall Street analysts have upgraded Autohome's rating from "hold" to "buy," with a consensus rating of "Moderate Buy" and an average target price of $36.00.

Swedbank AB boosted its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 71.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,986 shares of the information services provider's stock after acquiring an additional 25,900 shares during the quarter. Swedbank AB owned about 0.05% of Autohome worth $1,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Autohome by 2,671.8% during the first quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider's stock worth $55,000 after acquiring an additional 1,897 shares during the period. Guinness Asset Management LTD boosted its holdings in shares of Autohome by 147.3% in the 1st quarter. Guinness Asset Management LTD now owns 1,978 shares of the information services provider's stock valued at $55,000 after purchasing an additional 1,178 shares during the last quarter. SVB Wealth LLC purchased a new stake in Autohome during the 1st quarter worth $57,000. Liontrust Investment Partners LLP bought a new stake in shares of Autohome during the 1st quarter valued at about $129,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Autohome in the 4th quarter worth approximately $257,000. Hedge funds and other institutional investors own 63.08% of the company's stock.

Autohome Price Performance

Shares of ATHM stock traded down $0.29 on Friday, hitting $29.07. The company's stock had a trading volume of 492,781 shares, compared to its average volume of 238,766. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 17.10 and a beta of 0.01. The firm's fifty day moving average price is $28.44 and its 200-day moving average price is $27.27. Autohome Inc. has a fifty-two week low of $23.39 and a fifty-two week high of $34.70.

Autohome 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.