38,418 Shares in Autohome Inc. $ATHM Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Autohome Inc. (NYSE:ATHM) in the third quarter, HoldingsChannel reports. The fund acquired 38,418 shares of the information services provider’s stock, valued at approximately $1,097,000.

Several other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Autohome during the 2nd quarter worth about $29,000. PNC Financial Services Group Inc. increased its holdings in Autohome by 124.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider’s stock worth $34,000 after buying an additional 739 shares during the last quarter. Headlands Technologies LLC raised its position in Autohome by 8,115.7% during the second quarter. Headlands Technologies LLC now owns 7,312 shares of the information services provider’s stock valued at $189,000 after acquiring an additional 7,223 shares in the last quarter. Raiffeisen Bank International AG bought a new position in Autohome during the second quarter valued at approximately $190,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in Autohome in the second quarter valued at approximately $206,000. 63.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. cut shares of Autohome from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $28.00 in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Autohome in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.00.

Autohome Trading Up 1.2%

Shares of Autohome stock opened at $20.92 on Monday. The firm has a fifty day simple moving average of $22.86 and a 200-day simple moving average of $25.74. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 12.30 and a beta of 0.11. Autohome Inc. has a 1-year low of $20.53 and a 1-year high of $32.70.

About Autohome

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.