M&G PLC Sells 38,797 Shares of Autohome Inc. $ATHM

M&G PLC reduced its holdings in shares of Autohome Inc. (NYSE:ATHM) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,006,834 shares of the information services provider’s stock after selling 38,797 shares during the quarter. M&G PLC owned 2.57% of Autohome worth $87,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Autohome in the 2nd quarter valued at about $29,000. PNC Financial Services Group Inc. raised its stake in shares of Autohome by 124.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider’s stock worth $34,000 after purchasing an additional 739 shares during the last quarter. Guinness Asset Management LTD lifted its holdings in shares of Autohome by 20.9% in the third quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock valued at $79,000 after purchasing an additional 469 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of Autohome by 668.6% during the third quarter. Shell Asset Management Co. now owns 5,288 shares of the information services provider’s stock valued at $151,000 after buying an additional 4,600 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in Autohome by 8,115.7% during the second quarter. Headlands Technologies LLC now owns 7,312 shares of the information services provider’s stock worth $189,000 after buying an additional 7,223 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Price Performance

NYSE ATHM opened at $21.01 on Monday. The business’s fifty day moving average is $22.65 and its 200-day moving average is $25.52. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 12.36 and a beta of 0.11. Autohome Inc. has a one year low of $20.53 and a one year high of $32.70.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ATHM shares. JPMorgan Chase & Co. lowered Autohome from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $28.00 in a research report on Wednesday, October 29th. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Autohome in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.00.

Autohome Company Profile

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.