Autohome Inc. (NYSE:ATHM) Stake Lowered by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Autohome Inc. (NYSE:ATHM) by 26.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 714,718 shares of the information services provider’s stock after selling 263,135 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.57% of Autohome worth $23,314,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. M&G Plc boosted its holdings in shares of Autohome by 3.3% during the second quarter. M&G Plc now owns 3,088,758 shares of the information services provider’s stock valued at $83,396,000 after acquiring an additional 97,994 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in Autohome by 11.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,742 shares of the information services provider’s stock worth $36,007,000 after purchasing an additional 133,993 shares during the last quarter. Hsbc Holdings PLC grew its position in Autohome by 10.7% in the 2nd quarter. Hsbc Holdings PLC now owns 249,984 shares of the information services provider’s stock worth $6,862,000 after purchasing an additional 24,115 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Autohome by 146.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,059 shares of the information services provider’s stock valued at $889,000 after purchasing an additional 18,446 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Autohome during the second quarter valued at approximately $2,497,000. 63.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATHM has been the topic of several analyst reports. Citigroup restated a “neutral” rating and issued a $28.00 target price (down from $31.00) on shares of Autohome in a research report on Friday, July 19th. Hsbc Global Res upgraded shares of Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. CLSA lowered shares of Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Benchmark downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.00.

Autohome Stock Up 1.6 %

Shares of ATHM stock opened at $28.79 on Wednesday. The stock has a 50-day simple moving average of $29.40 and a 200 day simple moving average of $27.46. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The stock has a market capitalization of $3.50 billion, a P/E ratio of 13.45 and a beta of 0.18.

Autohome announced that its board has approved a stock repurchase plan on Wednesday, September 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.