Swedbank AB Sells 23,800 Shares of Autohome Inc. $ATHM

Key Points

• Swedbank AB reduced its holdings in Autohome Inc. by 38.4% in the second quarter, selling 23,800 shares and retaining a total of 38,186 shares valued at approximately $985,000.
• Other hedge funds significantly increased their positions in Autohome, with Mirae Asset Global Investments boosting its ownership by 6,649% after acquiring additional shares worth over $20 million.
• Autohome's stock has recently shown an increase of 1.0%, with current trading at $29.44, while the company boasts a market capitalization of $3.44 billion and a PE ratio of 17.31.

Swedbank AB lowered its position in Autohome Inc. (NYSE:ATHM - Free Report) by 38.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,186 shares of the information services provider's stock after selling 23,800 shares during the period. Swedbank AB's holdings in Autohome were worth $985,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Autohome by 6,649.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 724,773 shares of the information services provider's stock valued at $20,091,000 after purchasing an additional 714,034 shares during the last quarter. Krane Funds Advisors LLC boosted its holdings in shares of Autohome by 23.4% during the 1st quarter. Krane Funds Advisors LLC now owns 3,520,385 shares of the information services provider's stock valued at $97,585,000 after purchasing an additional 667,669 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Autohome by 33.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,299,013 shares of the information services provider's stock valued at $63,729,000 after purchasing an additional 580,252 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Autohome by 75.0% during the 1st quarter. Federated Hermes Inc. now owns 862,881 shares of the information services provider's stock valued at $23,919,000 after purchasing an additional 369,899 shares during the last quarter. Finally, Long Corridor Asset Management Ltd bought a new position in shares of Autohome during the 1st quarter valued at about $8,956,000. Institutional investors own 63.08% of the company's stock.

Autohome Stock Up 1.0%

ATHM opened at $29.44 on Tuesday. The firm has a 50-day simple moving average of $28.49 and a two-hundred day simple moving average of $27.21. Autohome Inc. has a 52 week low of $23.39 and a 52 week high of $34.70. The company has a market capitalization of $3.44 billion and a PE ratio of 17.31.

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.

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