Legal & General Group Plc Sells 164,938 Shares of Autohome Inc. (NYSE:ATHM)

Legal & General Group Plc trimmed its position in Autohome Inc. (NYSE:ATHM - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,398 shares of the information services provider's stock after selling 164,938 shares during the quarter. Legal & General Group Plc owned 0.40% of Autohome worth $12,648,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Autohome by 2.0% during the third quarter. State Street Corp now owns 1,382,468 shares of the information services provider's stock worth $45,096,000 after purchasing an additional 27,501 shares during the period. Jane Street Group LLC bought a new position in Autohome during the 3rd quarter worth $784,000. Geode Capital Management LLC raised its holdings in Autohome by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 413,932 shares of the information services provider's stock valued at $13,395,000 after acquiring an additional 13,944 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Autohome by 16.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider's stock valued at $505,000 after acquiring an additional 2,221 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Autohome by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 41,448 shares of the information services provider's stock worth $1,342,000 after purchasing an additional 2,857 shares in the last quarter. Institutional investors own 63.08% of the company's stock.

Analyst Ratings Changes

Several equities research analysts 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 objective for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. StockNews.com downgraded shares of Autohome from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Autohome currently has a consensus rating of "Hold" and a consensus target price of $32.00.

Autohome Trading Up 1.9 %

NYSE ATHM traded up $0.51 during trading on Tuesday, hitting $27.55. 552,201 shares of the company's stock were exchanged, compared to its average volume of 520,152. The company has a market cap of $3.34 billion, a PE ratio of 14.89 and a beta of 0.16. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The stock's 50 day moving average price is $28.21 and its two-hundred day moving average price is $28.07.

Autohome (NYSE:ATHM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $244.33 million during the quarter, compared to analysts' expectations of $243.26 million. Analysts forecast that Autohome Inc. will post 1.84 earnings per share for the current fiscal year.

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.