Rhumbline Advisers Has $317,000 Position in Autohome Inc. (NYSE:ATHM)

Rhumbline Advisers reduced its stake in Autohome Inc. (NYSE:ATHM) by 17.0% during the first quarter, HoldingsChannel reports. The firm owned 11,424 shares of the information services provider’s stock after selling 2,337 shares during the quarter. Rhumbline Advisers’ holdings in Autohome were worth $317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen Asset Management LLC raised its position in shares of Autohome by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 126,612 shares of the information services provider’s stock worth $3,286,000 after acquiring an additional 1,198 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Autohome by 2,671.8% during the first quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 1,897 shares during the period. Franklin Resources Inc. raised its holdings in shares of Autohome by 5.5% during the fourth quarter. Franklin Resources Inc. now owns 43,714 shares of the information services provider’s stock valued at $1,134,000 after purchasing an additional 2,266 shares during the period. SIH Partners LLLP raised its holdings in shares of Autohome by 10.6% during the fourth quarter. SIH Partners LLLP now owns 27,100 shares of the information services provider’s stock valued at $703,000 after purchasing an additional 2,600 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in Autohome by 2.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 208,354 shares of the information services provider’s stock worth $5,407,000 after acquiring an additional 4,084 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors.

Autohome Stock Performance

Shares of ATHM stock opened at $26.06 on Wednesday. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70. The company has a market capitalization of $3.12 billion and a PE ratio of 14.40. The business’s fifty day moving average is $25.87 and its 200 day moving average is $27.09.

Analysts Set New Price Targets

A number of research analysts have weighed in on ATHM shares. JPMorgan Chase & Co. raised shares of Autohome from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $24.00 to $36.00 in a research note on Wednesday, March 12th. Wall Street Zen raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.