Acadian Asset Management LLC Has $253.97 Million Holdings in Autohome Inc (ATHM)

Acadian Asset Management LLC grew its position in Autohome Inc (NYSE:ATHM) by 6.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,280,921 shares of the information services provider’s stock after acquiring an additional 208,562 shares during the period. Autohome comprises approximately 1.0% of Acadian Asset Management LLC’s investment portfolio, making the stock its 21st biggest position. Acadian Asset Management LLC owned approximately 2.78% of Autohome worth $253,973,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ATHM. Standard Life Aberdeen plc increased its stake in shares of Autohome by 21,884.6% during the second quarter. Standard Life Aberdeen plc now owns 1,826,703 shares of the information services provider’s stock worth $184,506,000 after purchasing an additional 1,818,394 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in shares of Autohome by 39.4% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,639,100 shares of the information services provider’s stock worth $126,882,000 after purchasing an additional 463,200 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Autohome by 57.1% during the second quarter. Russell Investments Group Ltd. now owns 463,556 shares of the information services provider’s stock worth $46,806,000 after purchasing an additional 168,553 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Autohome by 33.3% during the second quarter. Legal & General Group Plc now owns 341,077 shares of the information services provider’s stock worth $34,448,000 after purchasing an additional 85,293 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Autohome by 4.7% during the second quarter. Northern Trust Corp now owns 334,549 shares of the information services provider’s stock worth $33,790,000 after purchasing an additional 15,017 shares in the last quarter. Institutional investors and hedge funds own 44.84% of the company’s stock.

A number of analysts have recently commented on ATHM shares. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised shares of Autohome from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. JPMorgan Chase & Co. started coverage on shares of Autohome in a research note on Wednesday, August 29th. They set a “hold” rating and a $80.00 target price for the company. Finally, CLSA set a $95.00 target price on shares of Autohome and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $87.50.

Shares of NYSE ATHM opened at $67.83 on Wednesday. Autohome Inc has a 12-month low of $52.93 and a 12-month high of $119.50. The stock has a market cap of $8.41 billion, a P/E ratio of 25.79 and a beta of 1.97.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.03. Autohome had a net margin of 36.15% and a return on equity of 27.64%. The company had revenue of $282.43 million during the quarter. As a group, equities analysts expect that Autohome Inc will post 3.34 earnings per share for the current year.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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