E Fund Management Co. Ltd. Reduces Stock Position in Autohome Inc. (NYSE:ATHM)

E Fund Management Co. Ltd. lowered its stake in Autohome Inc. (NYSE:ATHM) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 435,615 shares of the information services provider’s stock after selling 1,588 shares during the period. Autohome accounts for approximately 0.8% of E Fund Management Co. Ltd.’s holdings, making the stock its 18th biggest holding. E Fund Management Co. Ltd. owned 0.35% of Autohome worth $12,223,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ATHM. Acadian Asset Management LLC raised its stake in Autohome by 17.7% during the third quarter. Acadian Asset Management LLC now owns 3,936,660 shares of the information services provider’s stock worth $119,434,000 after acquiring an additional 592,928 shares during the period. Krane Funds Advisors LLC raised its stake in shares of Autohome by 13.8% in the 3rd quarter. Krane Funds Advisors LLC now owns 2,530,893 shares of the information services provider’s stock worth $76,813,000 after buying an additional 306,432 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Autohome by 23.9% during the fourth quarter. Russell Investments Group Ltd. now owns 738,975 shares of the information services provider’s stock valued at $20,598,000 after buying an additional 142,413 shares in the last quarter. Causeway Capital Management LLC grew its holdings in Autohome by 24.8% during the third quarter. Causeway Capital Management LLC now owns 485,611 shares of the information services provider’s stock worth $14,738,000 after acquiring an additional 96,510 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Autohome by 21.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 377,571 shares of the information services provider’s stock worth $11,459,000 after purchasing an additional 66,436 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Trading Up 1.9 %

Shares of ATHM traded up $0.54 during midday trading on Thursday, hitting $29.00. The stock had a trading volume of 451,977 shares, compared to its average volume of 426,784. The firm has a market cap of $3.64 billion, a P/E ratio of 13.54 and a beta of 0.22. Autohome Inc. has a fifty-two week low of $23.81 and a fifty-two week high of $34.10. The business has a 50-day simple moving average of $26.03 and a two-hundred day simple moving average of $26.40.

Autohome (NYSE:ATHM) last released its quarterly earnings data on Tuesday, February 6th. The information services provider reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $269.22 million for the quarter, compared to analyst estimates of $264.99 million. Autohome had a net margin of 26.14% and a return on equity of 8.23%. On average, analysts expect that Autohome Inc. will post 2.24 earnings per share for the current fiscal year.

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.