Autohome Inc. (NYSE:ATHM) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. lowered its position in shares of Autohome Inc. (NYSE:ATHM) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,214 shares of the information services provider’s stock after selling 26,943 shares during the period. Autohome makes up approximately 0.5% of E Fund Management Co. Ltd.’s portfolio, making the stock its 28th largest position. E Fund Management Co. Ltd. owned about 0.32% of Autohome worth $10,100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd boosted its position in shares of Autohome by 1.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock worth $1,238,000 after purchasing an additional 394 shares during the period. Rhumbline Advisers boosted its position in shares of Autohome by 3.1% during the 4th quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock worth $357,000 after purchasing an additional 420 shares during the period. Ritholtz Wealth Management boosted its position in shares of Autohome by 8.1% during the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after purchasing an additional 778 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Autohome by 27.4% during the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock worth $222,000 after purchasing an additional 1,841 shares during the period. Finally, Van ECK Associates Corp boosted its position in Autohome by 31.2% in the 3rd quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock valued at $304,000 after buying an additional 2,212 shares during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ATHM shares. StockNews.com cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Autohome Stock Up 5.1 %

Autohome stock opened at $31.12 on Thursday. The firm has a market capitalization of $3.77 billion, a P/E ratio of 16.82 and a beta of 0.20. The firm has a fifty day moving average of $27.80 and a 200-day moving average of $28.10. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70.

Autohome (NYSE:ATHM) last posted its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Autohome had a net margin of 23.02% and a return on equity of 7.79%. The company had revenue of $244.33 million for the quarter, compared to the consensus estimate of $243.26 million. On average, research analysts expect that Autohome Inc. will post 1.84 EPS for the current fiscal year.

About Autohome

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.