Autohome Inc. (NYSE:ATHM) Shares Purchased by Creative Planning

Creative Planning grew its stake in shares of Autohome Inc. (NYSE:ATHM) by 14.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,938 shares of the information services provider’s stock after acquiring an additional 2,603 shares during the quarter. Creative Planning’s holdings in Autohome were worth $683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ATHM. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Autohome by 8.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 189,335 shares of the information services provider’s stock valued at $4,964,000 after acquiring an additional 14,527 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Autohome by 146.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,059 shares of the information services provider’s stock valued at $889,000 after acquiring an additional 18,446 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Autohome by 31.8% during the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 80,789 shares of the information services provider’s stock valued at $2,118,000 after acquiring an additional 19,490 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Autohome by 15.5% during the 1st quarter. SG Americas Securities LLC now owns 31,743 shares of the information services provider’s stock valued at $832,000 after acquiring an additional 4,262 shares during the last quarter. Finally, Mondrian Investment Partners LTD increased its stake in shares of Autohome by 0.9% during the 1st quarter. Mondrian Investment Partners LTD now owns 4,695,298 shares of the information services provider’s stock valued at $123,111,000 after acquiring an additional 42,817 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ATHM shares. Hsbc Global Res raised shares of Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup reissued a “neutral” rating and set a $28.00 target price (down previously from $31.00) on shares of Autohome in a research report on Friday, July 19th. Finally, Benchmark downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Three equities research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Autohome Stock Performance

ATHM opened at $27.93 on Monday. The company has a market cap of $3.39 billion, a PE ratio of 13.05 and a beta of 0.18. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70. The firm has a 50 day moving average price of $29.25 and a 200 day moving average price of $27.40.

Autohome declared that its board has authorized a share buyback program on Wednesday, September 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.