KEYWISE CAPITAL MANAGEMENT Ltd cut its stake in shares of Autohome Inc. (NYSE:ATHM) by 52.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,100 shares of the information services provider’s stock after selling 141,600 shares during the period. Autohome comprises approximately 3.2% of KEYWISE CAPITAL MANAGEMENT Ltd’s holdings, making the stock its 8th largest position. KEYWISE CAPITAL MANAGEMENT Ltd owned 0.11% of Autohome worth $5,901,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in ATHM. NN Investment Partners Holdings N.V. purchased a new position in Autohome during the second quarter valued at $110,000. Acadian Asset Management LLC bought a new stake in shares of Autohome during the first quarter valued at approximately $154,000. RGT Capital Management Ltd. bought a new stake in shares of Autohome during the first quarter valued at approximately $245,000. Quantbot Technologies LP bought a new stake in shares of Autohome during the first quarter valued at approximately $272,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Autohome during the second quarter valued at approximately $277,000. 34.48% of the stock is currently owned by institutional investors and hedge funds.
Autohome Inc. (NYSE ATHM) opened at 64.41 on Friday. Autohome Inc. has a 12 month low of $21.90 and a 12 month high of $65.97. The stock has a 50 day moving average price of $50.70 and a 200 day moving average price of $39.98. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 33.86 and a beta of 2.25.
Several equities research analysts recently commented on the company. Benchmark Co. upgraded Autohome from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Thursday, August 10th. Deutsche Bank AG upgraded Autohome from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $65.00 in a report on Thursday, August 10th. ValuEngine downgraded Autohome from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Autohome from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Monday, July 10th. Finally, UBS AG downgraded Autohome from a “neutral” rating to a “sell” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.20.
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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