Wellington Management Group LLP Acquires New Shares in Autohome Inc. (NYSE:ATHM)

Wellington Management Group LLP acquired a new position in Autohome Inc. (NYSE:ATHM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,148 shares of the information services provider’s stock, valued at approximately $1,249,000.

Other hedge funds have also recently bought and sold shares of the company. Vontobel Holding Ltd. increased its holdings 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 valued at $222,000 after acquiring an additional 1,841 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings 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 worth $261,000 after buying an additional 2,652 shares during the period. Quantbot Technologies LP acquired a new position in Autohome in the 4th quarter valued at $269,000. Ritholtz Wealth Management raised its holdings in Autohome by 8.1% in the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after acquiring an additional 778 shares during the period. Finally, Rhumbline Advisers lifted its position in Autohome by 3.1% during the 4th quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock worth $357,000 after acquiring an additional 420 shares during the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ATHM shares. StockNews.com lowered Autohome from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. raised Autohome from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.00.

Autohome Stock Up 3.1 %

ATHM stock opened at $26.21 on Monday. The business’s 50-day simple moving average is $28.46 and its 200 day simple moving average is $28.39. The company has a market cap of $3.17 billion, a PE ratio of 14.17 and a beta of 0.16. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. The company had revenue of $244.33 million for the quarter, compared to analyst estimates of $243.26 million. Autohome had a return on equity of 7.79% and a net margin of 23.02%. On average, equities research analysts anticipate that Autohome Inc. will post 1.84 EPS for the current year.

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.