First Trust Advisors LP Lowers Position in Autohome Inc. (NYSE:ATHM)

First Trust Advisors LP lessened its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,554 shares of the information services provider's stock after selling 14,788 shares during the quarter. First Trust Advisors LP owned 0.17% of Autohome worth $5,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ATHM. Vontobel Holding Ltd. raised its stake in shares of Autohome by 27.4% in the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock worth $222,000 after purchasing an additional 1,841 shares during the last quarter. Walleye Capital LLC purchased a new position in Autohome in the 4th quarter worth about $231,000. Asset Management One Co. Ltd. lifted its stake in Autohome by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider's stock valued at $261,000 after acquiring an additional 2,652 shares during the period. Headlands Technologies LLC boosted its holdings in shares of Autohome by 1,135.5% during the 4th quarter. Headlands Technologies LLC now owns 9,872 shares of the information services provider's stock valued at $256,000 after acquiring an additional 9,073 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Autohome in the fourth quarter worth approximately $269,000. Institutional investors own 63.08% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ATHM. StockNews.com downgraded shares of Autohome from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised Autohome from a "neutral" rating to an "overweight" rating and increased their price target for the company from $24.00 to $36.00 in a report on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Autohome has an average rating of "Hold" and a consensus price target of $32.00.

Autohome Stock Up 0.9 %

NYSE:ATHM traded up $0.24 during trading hours on Tuesday, hitting $27.10. 61,413 shares of the stock traded hands, compared to its average volume of 514,070. The stock has a 50 day moving average price of $27.81 and a 200 day moving average price of $27.77. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 14.66 and a beta of 0.02. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70.

Autohome (NYSE:ATHM - Get Free Report) last released its earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. Autohome had a net margin of 23.02% and a return on equity of 7.79%. The company had revenue of $244.33 million for the quarter, compared to analysts' expectations of $243.26 million. Equities analysts forecast that Autohome Inc. will post 1.84 earnings per share for the current fiscal year.

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.