Invesco Ltd. Has $184.96 Million Stock Position in Autohome Inc. (NYSE:ATHM)

Invesco Ltd. grew its stake in shares of Autohome Inc. (NYSE:ATHM) by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,672,325 shares of the information services provider’s stock after purchasing an additional 284,057 shares during the period. Invesco Ltd. owned approximately 5.57% of Autohome worth $184,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Autohome by 118.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 84,645 shares of the information services provider’s stock valued at $2,346,000 after purchasing an additional 45,854 shares during the period. Deutsche Bank AG raised its holdings in shares of Autohome by 4.7% during the first quarter. Deutsche Bank AG now owns 126,924 shares of the information services provider’s stock valued at $3,518,000 after purchasing an additional 5,680 shares during the period. Vanguard Group Inc. raised its holdings in shares of Autohome by 4.5% during the first quarter. Vanguard Group Inc. now owns 2,587,172 shares of the information services provider’s stock valued at $71,716,000 after purchasing an additional 111,914 shares during the period. US Bancorp DE raised its holdings in shares of Autohome by 7.6% during the first quarter. US Bancorp DE now owns 38,653 shares of the information services provider’s stock valued at $1,071,000 after purchasing an additional 2,733 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of Autohome by 75.0% during the first quarter. Federated Hermes Inc. now owns 862,881 shares of the information services provider’s stock valued at $23,919,000 after purchasing an additional 369,899 shares during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Price Performance

ATHM opened at $29.55 on Thursday. Autohome Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $34.70. The firm has a market capitalization of $3.54 billion, a PE ratio of 17.38 and a beta of -0.03. The company’s 50-day moving average is $26.87 and its 200 day moving average is $27.25.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Autohome from a “hold” rating to a “buy” rating in a report on Tuesday, May 20th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Autohome 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.