M&G Investment Management Ltd. lowered its position in Autohome Inc. (NYSE:ATHM - Free Report) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,942,265 shares of the information services provider's stock after selling 217,356 shares during the quarter. M&G Investment Management Ltd. owned about 2.34% of Autohome worth $82,383,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in Autohome by 98.7% during the third quarter. PNC Financial Services Group Inc. now owns 2,468 shares of the information services provider's stock worth $75,000 after buying an additional 1,226 shares during the period. Van ECK Associates Corp boosted its stake in Autohome by 70.4% during the third quarter. Van ECK Associates Corp now owns 4,293 shares of the information services provider's stock worth $130,000 after buying an additional 1,774 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Autohome by 36.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,998 shares of the information services provider's stock worth $152,000 after buying an additional 1,345 shares during the period. Vontobel Holding Ltd. purchased a new position in Autohome during the fourth quarter worth about $220,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Autohome in the third quarter valued at approximately $296,000. Hedge funds and other institutional investors own 63.08% of the company's stock.
Autohome Price Performance
Shares of NYSE ATHM traded down $0.27 during midday trading on Wednesday, hitting $29.11. The company's stock had a trading volume of 273,025 shares, compared to its average volume of 424,083. The business's fifty day simple moving average is $26.38 and its two-hundred day simple moving average is $26.48. Autohome Inc. has a 1 year low of $23.81 and a 1 year high of $34.10. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 13.79 and a beta of 0.22.
Autohome Profile
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Free Report)
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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