Brown Advisory Inc. cut its holdings in shares of Autohome Inc (NYSE:ATHM) by 27.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,949 shares of the information services provider’s stock after selling 29,000 shares during the period. Brown Advisory Inc. owned about 0.07% of Autohome worth $4,683,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. lifted its position in shares of Autohome by 100.4% during the third quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock worth $110,000 after purchasing an additional 915 shares during the last quarter. Alta Advisers Ltd bought a new position in shares of Autohome during the second quarter worth about $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Autohome during the second quarter worth about $213,000. M&T Bank Corp bought a new position in shares of Autohome during the second quarter worth about $245,000. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Autohome during the third quarter worth about $246,000. Institutional investors own 38.84% of the company’s stock.
Autohome Inc (NYSE ATHM) opened at $57.53 on Wednesday. Autohome Inc has a twelve month low of $24.71 and a twelve month high of $67.69. The stock has a market cap of $6,568.64, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.38 and a beta of 2.06.
Several equities analysts have recently commented on ATHM shares. BidaskClub cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Deutsche Bank raised shares of Autohome from a “hold” rating to a “buy” rating and raised their target price for the stock from $36.00 to $65.00 in a report on Thursday, August 10th. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a report on Thursday, October 12th. Credit Suisse Group assumed coverage on shares of Autohome in a report on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 target price on the stock. Finally, Benchmark raised their target price on shares of Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $66.56.
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Autohome Company Profile
Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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