Invictus RG Buys Shares of 7,432 Autohome Inc (ATHM)
Invictus RG bought a new stake in shares of Autohome Inc (NYSE:ATHM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,432 shares of the information services provider’s stock, valued at approximately $447,000.
Several other institutional investors have also made changes to their positions in ATHM. DekaBank Deutsche Girozentrale bought a new position in Autohome in the 2nd quarter worth about $517,000. Advisor Group Inc. boosted its stake in Autohome by 100.4% in the 3rd quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock worth $110,000 after purchasing an additional 915 shares during the period. Alta Advisers Ltd bought a new position in Autohome in the 2nd quarter worth about $114,000. Virginia Retirement Systems ET AL bought a new position in Autohome in the 3rd quarter worth about $246,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Autohome during the 3rd quarter valued at about $247,000. 38.84% of the stock is owned by hedge funds and other institutional investors.
Autohome Inc (NYSE:ATHM) opened at $55.59 on Tuesday. The company has a market capitalization of $6,569.82, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 1.38 and a beta of 2.06. Autohome Inc has a 12 month low of $24.71 and a 12 month high of $67.69.
A number of brokerages have recently issued reports on ATHM. Zacks Investment Research downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Benchmark lifted their price target on Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank lifted their price target on Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. BidaskClub downgraded Autohome from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 30th. Finally, Credit Suisse Group began coverage on Autohome in a report on Tuesday, October 3rd. They set an “outperform” rating and a $70.80 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $66.56.
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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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