BNP Paribas Financial Markets Increases Stock Holdings in Autohome Inc. (NYSE:ATHM)

BNP Paribas Financial Markets lifted its stake in shares of Autohome Inc. (NYSE:ATHM) by 34.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 350,557 shares of the information services provider’s stock after buying an additional 88,993 shares during the period. BNP Paribas Financial Markets owned about 0.29% of Autohome worth $9,097,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in Autohome by 140.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider’s stock worth $44,602,000 after acquiring an additional 1,004,043 shares during the period. Norges Bank bought a new stake in Autohome during the fourth quarter worth $12,195,000. Invesco Ltd. lifted its holdings in Autohome by 7.0% during the fourth quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider’s stock worth $165,776,000 after acquiring an additional 415,515 shares during the period. North of South Capital LLP lifted its holdings in Autohome by 16.3% during the fourth quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock worth $51,001,000 after acquiring an additional 274,974 shares during the period. Finally, Krane Funds Advisors LLC lifted its holdings in Autohome by 7.2% during the fourth quarter. Krane Funds Advisors LLC now owns 2,852,716 shares of the information services provider’s stock worth $74,028,000 after acquiring an additional 191,845 shares during the period. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Price Performance

Shares of NYSE ATHM opened at $25.12 on Monday. Autohome Inc. has a one year low of $21.89 and a one year high of $34.70. The business’s fifty day moving average price is $27.55 and its 200-day moving average price is $27.66. The stock has a market capitalization of $3.01 billion, a PE ratio of 13.58 and a beta of 0.02.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 23.02%. The firm had revenue of $244.33 million for the quarter, compared to analysts’ expectations of $243.26 million. As a group, equities analysts expect that Autohome Inc. will post 1.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on ATHM shares. JPMorgan Chase & Co. upgraded Autohome from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $24.00 to $36.00 in a report on Wednesday, March 12th. StockNews.com cut Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.00.

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.