Autohome Inc. (NYSE:ATHM) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in shares of Autohome Inc. (NYSE:ATHMGet Rating) by 1.0% in the second quarter, Holdings Channel reports. The firm owned 197,889 shares of the information services provider’s stock after selling 2,000 shares during the quarter. Swiss National Bank’s holdings in Autohome were worth $7,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of ATHM. Krane Funds Advisors LLC boosted its stake in Autohome by 23.7% during the 1st 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. FengHe Fund Management Pte. Ltd. acquired a new stake in Autohome during the 1st quarter worth $8,606,000. Mondrian Investment Partners LTD lifted its stake in shares of Autohome by 4.5% in the 1st quarter. Mondrian Investment Partners LTD now owns 6,293,166 shares of the information services provider’s stock worth $191,375,000 after acquiring an additional 269,083 shares during the period. Citigroup Inc. lifted its stake in shares of Autohome by 201.8% in the 1st quarter. Citigroup Inc. now owns 388,867 shares of the information services provider’s stock worth $11,826,000 after acquiring an additional 260,018 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Autohome by 52.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 463,901 shares of the information services provider’s stock worth $18,245,000 after acquiring an additional 159,557 shares during the period. Institutional investors and hedge funds own 49.95% of the company’s stock.

Autohome Stock Up 2.2 %

Shares of ATHM opened at $28.12 on Wednesday. The company has a 50-day simple moving average of $29.70 and a 200-day simple moving average of $32.85. The company has a market capitalization of $3.53 billion, a PE ratio of 15.98 and a beta of 0.19. Autohome Inc. has a 52-week low of $20.49 and a 52-week high of $40.89.

Analyst Ratings Changes

Several research firms have recently commented on ATHM. CLSA upgraded shares of Autohome from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $29.30 to $42.50 in a research note on Tuesday, July 26th. Jefferies Financial Group reduced their target price on shares of Autohome from $56.00 to $49.00 in a research note on Monday, October 24th. StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research note on Friday, November 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Autohome in a research note on Friday, August 5th. They issued a “hold” rating for the company. Finally, Bank of America upgraded shares of Autohome from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $31.00 to $42.00 in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.56.

Autohome Profile

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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.

See Also

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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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