California Public Employees Retirement System reduced its stake in Autohome Inc. (NYSE:ATHM) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 164,200 shares of the company’s stock after selling 11,300 shares during the period. California Public Employees Retirement System owned 0.14% of Autohome worth $3,982,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Creative Planning bought a new position in shares of Autohome during the third quarter worth about $132,000. Royal Bank of Canada boosted its position in shares of Autohome by 37.5% in the second quarter. Royal Bank of Canada now owns 8,770 shares of the company’s stock worth $177,000 after buying an additional 2,391 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Autohome by 2,506.6% in the second quarter. JPMorgan Chase & Co. now owns 10,192 shares of the company’s stock worth $205,000 after buying an additional 9,801 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Autohome during the second quarter worth about $298,000. Finally, Wesbanco Bank Inc. boosted its position in shares of Autohome by 43.4% in the second quarter. Wesbanco Bank Inc. now owns 15,275 shares of the company’s stock worth $307,000 after buying an additional 4,620 shares during the last quarter. Institutional investors and hedge funds own 23.61% of the company’s stock.

Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

Autohome Inc. (NYSE:ATHM) traded up 2.23% on Tuesday, hitting $27.97. The company had a trading volume of 637,745 shares. The firm has a 50-day moving average price of $25.15 and a 200-day moving average price of $24.19. The firm has a market capitalization of $3.21 billion, a PE ratio of 19.59 and a beta of 2.08. Autohome Inc. has a 12-month low of $19.32 and a 12-month high of $37.17.

Autohome (NYSE:ATHM) last released its earnings results on Monday, November 14th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $221.20 million for the quarter, compared to analyst estimates of $207.44 million. Autohome had a return on equity of 21.34% and a net margin of 22.70%. Autohome’s quarterly revenue was up 56.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. On average, equities research analysts anticipate that Autohome Inc. will post $1.63 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on ATHM. Zacks Investment Research raised Autohome from a “sell” rating to a “hold” rating in a report on Tuesday, October 18th. Brean Capital reissued a “buy” rating on shares of Autohome in a report on Wednesday, August 31st. JPMorgan Chase & Co. began coverage on Autohome in a report on Wednesday, August 31st. They set a “neutral” rating and a $25.00 price objective for the company. Finally, raised Autohome from an “underperform” rating to a “buy” rating in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.25.

About Autohome

Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.

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