Resona Asset Management Co. Ltd. Buys Shares of 17,925 Autohome Inc. (NYSE:ATHM)

Resona Asset Management Co. Ltd. bought a new position in Autohome Inc. (NYSE:ATHM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,925 shares of the information services provider's stock, valued at approximately $467,000.

Other large investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its stake in shares of Autohome by 27.4% during the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock worth $222,000 after acquiring an additional 1,841 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of 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 buying an additional 2,652 shares in the last quarter. Headlands Technologies LLC increased its holdings in Autohome by 1,135.5% in the 4th quarter. Headlands Technologies LLC now owns 9,872 shares of the information services provider's stock worth $256,000 after acquiring an additional 9,073 shares in the last quarter. Quantbot Technologies LP bought a new stake in Autohome during the 4th quarter worth approximately $269,000. Finally, Ritholtz Wealth Management lifted its holdings in Autohome by 8.1% during the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider's stock valued at $270,000 after purchasing an additional 778 shares in the last quarter. Institutional investors own 63.08% of the company's stock.

Autohome Price Performance

Shares of NYSE ATHM traded up $0.24 during mid-day trading on Thursday, hitting $25.75. 205,028 shares of the company's stock traded hands, compared to its average volume of 515,934. The company's 50-day moving average is $28.38 and its two-hundred day moving average is $28.31. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70. The company has a market capitalization of $3.12 billion, a P/E ratio of 13.96 and a beta of 0.16.

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 the consensus estimate of $0.49 by $0.01. The firm had revenue of $244.33 million for the quarter, compared to the consensus estimate of $243.26 million. Autohome had a return on equity of 7.79% and a net margin of 23.02%. Equities analysts anticipate that Autohome Inc. will post 1.84 EPS for the current fiscal year.

Analysts Set New Price Targets

ATHM has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $24.00 to $36.00 in a research report on Wednesday, March 12th. StockNews.com cut Autohome from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Autohome presently has a consensus rating of "Hold" and a consensus target price of $32.00.

About Autohome

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.