Northwestern Mutual Wealth Management Co. Raises Stock Position in Autohome Inc. $ATHM

Northwestern Mutual Wealth Management Co. increased its holdings in Autohome Inc. (NYSE:ATHM) by 262,750.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,112 shares of the information services provider’s stock after acquiring an additional 84,080 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.07% of Autohome worth $1,872,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ATHM. Raymond James Financial Inc. acquired a new position in shares of Autohome in the 2nd quarter valued at $29,000. Guinness Asset Management LTD increased its holdings in shares of Autohome by 20.9% in the 3rd quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock valued at $79,000 after acquiring an additional 469 shares during the period. Parallel Advisors LLC increased its holdings in shares of Autohome by 30.5% in the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after acquiring an additional 674 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Autohome by 141.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,222 shares of the information services provider’s stock valued at $92,000 after acquiring an additional 1,889 shares during the period. Finally, Virtus Advisers LLC acquired a new position in shares of Autohome in the 3rd quarter valued at $106,000. 63.08% of the stock is owned by institutional investors and hedge funds.

Autohome Stock Down 0.6%

NYSE:ATHM opened at $16.39 on Thursday. Autohome Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $29.92. The stock has a market cap of $1.89 billion, a PE ratio of 9.99 and a beta of 0.26. The firm’s fifty day simple moving average is $17.94 and its 200-day simple moving average is $20.75.

Autohome (NYSE:ATHM) last posted its quarterly earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. The business had revenue of $208.96 million for the quarter. Equities analysts anticipate that Autohome Inc. will post 1.24 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on ATHM. HSBC cut shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price on the stock. in a report on Thursday, May 14th. Wall Street Zen cut shares of Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings cut shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $22.65.

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.