Millennium Management LLC lifted its position in shares of Autohome Inc (NYSE:ATHM) by 144.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,486 shares of the information services provider’s stock after acquiring an additional 35,106 shares during the quarter. Millennium Management LLC owned 0.05% of Autohome worth $4,654,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of ATHM. Standard Life Aberdeen plc increased its stake in shares of Autohome by 208.2% during the third quarter. Standard Life Aberdeen plc now owns 5,630,270 shares of the information services provider’s stock worth $435,840,000 after acquiring an additional 3,803,567 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Autohome by 155.3% during the fourth quarter. Handelsbanken Fonder AB now owns 382,150 shares of the information services provider’s stock worth $29,896,000 after acquiring an additional 232,451 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Autohome by 16.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,026,045 shares of the information services provider’s stock worth $80,268,000 after acquiring an additional 147,895 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in shares of Autohome by 8.8% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,783,900 shares of the information services provider’s stock worth $139,554,000 after acquiring an additional 144,800 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Autohome by 4.6% during the third quarter. BlackRock Inc. now owns 2,805,299 shares of the information services provider’s stock worth $217,159,000 after acquiring an additional 124,612 shares during the period. Institutional investors and hedge funds own 52.12% of the company’s stock.
ATHM has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Autohome from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. JPMorgan Chase & Co. lowered shares of Autohome from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $68.00 to $58.00 in a research note on Monday, January 28th. Credit Suisse Group downgraded shares of Autohome from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $83.00 to $92.00 in a report on Wednesday, February 27th. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $108.00 price objective on the stock in a report on Friday, March 1st. Finally, Bank of America boosted their price objective on shares of Autohome from $96.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Autohome presently has an average rating of “Buy” and an average price target of $91.48.
ATHM stock opened at $106.72 on Tuesday. The stock has a market cap of $12.71 billion, a P/E ratio of 27.86, a P/E/G ratio of 0.85 and a beta of 1.39. Autohome Inc has a 52 week low of $61.43 and a 52 week high of $119.50.
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Autohome Company Profile
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.
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