Autohome Inc. (NYSE:ATHM) Shares Purchased by M&G Plc

M&G Plc increased its position in shares of Autohome Inc. (NYSE:ATHM) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,384,865 shares of the information services provider’s stock after purchasing an additional 296,107 shares during the period. M&G Plc owned 2.70% of Autohome worth $111,701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Autohome by 11.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,742 shares of the information services provider’s stock worth $36,007,000 after buying an additional 133,993 shares during the period. Hsbc Holdings PLC boosted its stake in Autohome by 10.7% during the second quarter. Hsbc Holdings PLC now owns 249,984 shares of the information services provider’s stock worth $6,862,000 after buying an additional 24,115 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Autohome by 146.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,059 shares of the information services provider’s stock worth $889,000 after buying an additional 18,446 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Autohome during the second quarter worth about $2,497,000. Finally, Krane Funds Advisors LLC boosted its stake in Autohome by 10.7% during the second quarter. Krane Funds Advisors LLC now owns 2,816,972 shares of the information services provider’s stock worth $77,326,000 after buying an additional 272,092 shares during the period. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Trading Down 2.7 %

ATHM stock opened at $28.02 on Thursday. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70. The company’s 50 day moving average is $29.47 and its two-hundred day moving average is $27.46. The stock has a market cap of $3.40 billion, a P/E ratio of 13.09 and a beta of 0.18.

Autohome announced that its board has authorized a share repurchase program on Wednesday, September 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. CLSA lowered shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Benchmark lowered shares of Autohome from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Citigroup reiterated a “neutral” rating and issued a $28.00 price target (down previously from $31.00) on shares of Autohome in a research note on Friday, July 19th. Finally, Hsbc Global Res upgraded shares of Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.