Pictet Asset Management SA cut its stake in Autohome Inc. (NYSE:ATHM – Get Rating) by 8.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,100 shares of the information services provider’s stock after selling 9,700 shares during the period. Pictet Asset Management SA’s holdings in Autohome were worth $3,898,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Mondrian Investment Partners LTD lifted its stake in shares of Autohome by 4.5% during the first quarter. Mondrian Investment Partners LTD now owns 6,293,166 shares of the information services provider’s stock worth $191,375,000 after buying an additional 269,083 shares during the period. Invesco Ltd. grew its stake in Autohome by 3.3% during the 1st quarter. Invesco Ltd. now owns 4,755,472 shares of the information services provider’s stock valued at $144,614,000 after purchasing an additional 153,299 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Autohome by 1.3% in the first quarter. BlackRock Inc. now owns 3,863,666 shares of the information services provider’s stock valued at $117,497,000 after purchasing an additional 50,368 shares during the period. Vanguard Group Inc. raised its stake in shares of Autohome by 3.9% in the first quarter. Vanguard Group Inc. now owns 2,106,816 shares of the information services provider’s stock worth $64,068,000 after purchasing an additional 78,170 shares during the last quarter. Finally, Krane Funds Advisors LLC lifted its holdings in shares of Autohome by 23.7% during the first quarter. Krane Funds Advisors LLC now owns 2,029,389 shares of the information services provider’s stock worth $61,714,000 after purchasing an additional 388,772 shares during the period. Hedge funds and other institutional investors own 49.95% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on ATHM shares. Daiwa Capital Markets cut their price target on shares of Autohome from $46.00 to $43.00 in a report on Wednesday, October 26th. StockNews.com upgraded Autohome from a “hold” rating to a “buy” rating in a research note on Friday, November 4th. Bank of America raised Autohome from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $31.00 to $42.00 in a report on Thursday, August 4th. Jefferies Financial Group dropped their target price on Autohome from $56.00 to $49.00 in a report on Monday, October 24th. Finally, CLSA raised Autohome from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $29.30 to $42.50 in a report on Tuesday, July 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.56.
Autohome Stock Performance
Autohome Company Profile
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.
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