Envestnet Asset Management Inc. Has $782,000 Position in Autohome Inc. (NYSE:ATHM)

Envestnet Asset Management Inc. cut its position in shares of Autohome Inc. (NYSE:ATHM) by 44.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,116 shares of the information services provider’s stock after selling 23,713 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Autohome were worth $782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATHM. Robeco Institutional Asset Management B.V. grew its stake in shares of Autohome by 140.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider’s stock worth $44,602,000 after acquiring an additional 1,004,043 shares in the last quarter. Norges Bank bought a new position in Autohome in the fourth quarter valued at $12,195,000. North of South Capital LLP grew its position in Autohome by 16.3% in the fourth quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock valued at $51,001,000 after purchasing an additional 274,974 shares in the last quarter. Vanguard Group Inc. increased its stake in Autohome by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 2,475,258 shares of the information services provider’s stock valued at $64,233,000 after buying an additional 130,983 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Autohome by 155.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 203,295 shares of the information services provider’s stock worth $5,276,000 after buying an additional 123,787 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Stock Up 0.7 %

Shares of NYSE ATHM opened at $27.29 on Friday. The business’s 50 day moving average price is $27.85 and its two-hundred day moving average price is $27.83. The company has a market cap of $3.27 billion, a PE ratio of 14.75 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 posted its earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 23.02%. The business had revenue of $244.33 million for the quarter, compared to analyst estimates of $243.26 million. As a group, research analysts anticipate that Autohome Inc. will post 1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised Autohome from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. Five investment 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’s stock. Based on data from MarketBeat, Autohome 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.