Public Employees Retirement System of Ohio Invests $5.29 Million in Autohome Inc. $ATHM

Public Employees Retirement System of Ohio purchased a new stake in shares of Autohome Inc. (NYSE:ATHM) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 278,148 shares of the information services provider’s stock, valued at approximately $5,293,000.

A number of other large investors also recently bought and sold shares of ATHM. Raymond James Financial Inc. bought a new stake in Autohome during the second quarter worth about $29,000. Global Retirement Partners LLC increased its stake in shares of Autohome by 205.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 1,112 shares in the last quarter. Guinness Asset Management LTD increased its stake in shares of Autohome by 20.7% during the fourth quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider’s stock valued at $76,000 after purchasing an additional 560 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Autohome by 30.5% during the third quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after purchasing an additional 674 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Autohome during the third quarter valued at approximately $106,000. 63.08% of the stock is owned by hedge funds and other institutional investors.

Autohome Trading Down 0.9%

ATHM stock opened at $21.91 on Thursday. The stock’s 50 day simple moving average is $21.46 and its 200 day simple moving average is $19.46. Autohome Inc. has a 12-month low of $15.57 and a 12-month high of $29.92. The stock has a market capitalization of $2.52 billion, a PE ratio of 18.89 and a beta of 0.23.

Analyst Ratings Changes

ATHM has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Autohome in a research note on Friday, July 17th. Wall Street Zen raised Autohome from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research raised Autohome from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Finally, HSBC cut Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price on the stock. in a research note on Thursday, May 14th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $17.77.

Autohome Profile

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.