Wellington Management Group LLP Buys New Shares in Autohome Inc. (NYSE:ATHM)

Wellington Management Group LLP purchased a new position in shares of Autohome Inc. (NYSE:ATHM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,148 shares of the information services provider's stock, valued at approximately $1,249,000.

A number of other large investors have also modified their holdings of the company. Invesco Ltd. boosted its stake in Autohome by 7.0% during the 4th quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider's stock valued at $165,776,000 after purchasing an additional 415,515 shares during the period. Krane Funds Advisors LLC boosted its stake in Autohome by 7.2% during the 4th quarter. Krane Funds Advisors LLC now owns 2,852,716 shares of the information services provider's stock valued at $74,028,000 after purchasing an additional 191,845 shares during the period. Vanguard Group Inc. boosted its stake in Autohome by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 2,475,258 shares of the information services provider's stock valued at $64,233,000 after purchasing an additional 130,983 shares during the period. North of South Capital LLP boosted its stake in Autohome by 16.3% during the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider's stock valued at $51,001,000 after purchasing an additional 274,974 shares during the period. Finally, Schroder Investment Management Group lifted its stake in shares of Autohome by 4.3% in the 4th quarter. Schroder Investment Management Group now owns 899,860 shares of the information services provider's stock worth $23,351,000 after acquiring an additional 36,703 shares during the period. Institutional investors and hedge funds own 63.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Autohome from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $24.00 to $36.00 in a research note on Wednesday, March 12th. Wall Street Zen raised shares of Autohome from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Autohome presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Autohome Trading Up 2.7%

ATHM stock traded up $0.68 on Friday, hitting $25.87. 452,193 shares of the company's stock traded hands, compared to its average volume of 512,403. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $34.70. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 13.99 and a beta of 0.02. The stock has a fifty day moving average of $25.85 and a 200-day moving average of $27.26.

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.