Cubist Systematic Strategies LLC Invests $1.15 Million in Autohome Inc (ATHM) Stock

Cubist Systematic Strategies LLC bought a new stake in Autohome Inc (NYSE:ATHM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,181 shares of the information services provider’s stock, valued at approximately $1,152,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in Autohome by 100.4% in the third quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock valued at $110,000 after buying an additional 915 shares during the period. Alta Advisers Ltd acquired a new position in Autohome in the second quarter valued at $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Autohome in the second quarter valued at $213,000. M&T Bank Corp acquired a new position in Autohome in the second quarter valued at $245,000. Finally, Virginia Retirement Systems ET AL acquired a new position in Autohome in the third quarter valued at $246,000. Institutional investors and hedge funds own 38.84% of the company’s stock.

Several research firms recently issued reports on ATHM. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Thursday, December 14th. BidaskClub lowered shares of Autohome from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 30th. Credit Suisse Group began 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. Deutsche Bank boosted their target price on shares of Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Benchmark boosted their target price on shares of Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $66.16.

Autohome Inc (NYSE ATHM) opened at $64.05 on Tuesday. Autohome Inc has a fifty-two week low of $24.71 and a fifty-two week high of $67.69. The firm has a market cap of $7,235.08, a PE ratio of 29.58 and a beta of 2.06.

The business also recently disclosed a special dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, January 3rd.

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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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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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