Royal London Asset Management Ltd. Invests $1.23 Million in Autohome Inc. (NYSE:ATHM)

Royal London Asset Management Ltd. purchased a new stake in shares of Autohome Inc. (NYSE:ATHM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 47,400 shares of the information services provider’s stock, valued at approximately $1,230,000.

A number of other institutional investors also recently bought and sold shares of ATHM. North of South Capital LLP raised its stake in shares of Autohome by 16.3% in the fourth quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock valued at $51,001,000 after acquiring an additional 274,974 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Autohome by 140.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider’s stock worth $44,602,000 after purchasing an additional 1,004,043 shares during the period. State Street Corp boosted its position in shares of Autohome by 2.0% during the third quarter. State Street Corp now owns 1,382,468 shares of the information services provider’s stock valued at $45,096,000 after buying an additional 27,501 shares during the period. Geode Capital Management LLC grew its stake in shares of Autohome by 3.5% during the third quarter. Geode Capital Management LLC now owns 413,932 shares of the information services provider’s stock valued at $13,395,000 after buying an additional 13,944 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Autohome by 8.3% in the third quarter. BNP Paribas Financial Markets now owns 261,564 shares of the information services provider’s stock worth $8,532,000 after buying an additional 19,983 shares during the period. 63.08% of the stock is currently owned by institutional investors.

Autohome Stock Performance

NYSE ATHM opened at $28.36 on Tuesday. Autohome Inc. has a one year low of $21.89 and a one year high of $34.70. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 15.33 and a beta of 0.20. The company’s 50-day simple moving average is $28.83 and its two-hundred day simple moving average is $28.59.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $244.33 million for the quarter, compared to analyst estimates of $243.26 million. Autohome had a net margin of 23.02% and a return on equity of 7.79%. Equities analysts expect that Autohome Inc. will post 1.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on ATHM shares. JPMorgan Chase & Co. raised Autohome from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $24.00 to $36.00 in a research report on Wednesday, March 12th. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research note on Wednesday, December 11th. Finally, StockNews.com cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.00.

Autohome Profile

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.