Autohome Inc. (NYSE:ATHM) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Autohome Inc. (NYSE:ATHM – Get Rating) by 163.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 39,528 shares of the information services provider’s stock after purchasing an additional 24,518 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Autohome were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in Autohome by 169.4% during the 2nd quarter. FMR LLC now owns 1,770 shares of the information services provider’s stock valued at $70,000 after acquiring an additional 1,113 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Autohome by 93.0% in the third quarter. Quadrant Capital Group LLC now owns 3,593 shares of the information services provider’s stock worth $103,000 after purchasing an additional 1,731 shares during the period. Captrust Financial Advisors grew its position in Autohome by 75.3% in the 1st quarter. Captrust Financial Advisors now owns 3,752 shares of the information services provider’s stock valued at $116,000 after buying an additional 1,612 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Autohome by 2,036.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,145 shares of the information services provider’s stock valued at $119,000 after buying an additional 3,951 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Autohome by 83.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,450 shares of the information services provider’s stock worth $216,000 after buying an additional 3,395 shares in the last quarter. 47.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ATHM. JPMorgan Chase & Co. began coverage on shares of Autohome in a report on Monday, January 30th. They issued a “neutral” rating for the company. StockNews.com lowered Autohome from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $43.50.

Autohome Price Performance

NYSE ATHM opened at $29.26 on Wednesday. Autohome Inc. has a 12 month low of $23.66 and a 12 month high of $40.89. The company has a market capitalization of $3.67 billion, a P/E ratio of 13.30 and a beta of 0.22. The company’s 50 day simple moving average is $30.41 and its 200 day simple moving average is $31.76.

Autohome Profile

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Autohome, Inc is a holding company, which engages in the development, operation, and maintenance of mobile applications and automobile websites. It offers used vehicles and new car dealer listings. The firm provides professionally produced and user-generated content, a comprehensive automobile library and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle.