Sumitomo Mitsui DS Asset Management Company Ltd Decreases Stake in Autohome Inc. $ATHM

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in Autohome Inc. (NYSE:ATHM) by 90.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,973 shares of the information services provider’s stock after selling 97,600 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Autohome were worth $222,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Invesco Ltd. increased its stake in Autohome by 12.2% in the 3rd quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock worth $227,497,000 after purchasing an additional 868,151 shares during the period. Krane Funds Advisors LLC increased its stake in Autohome by 25.0% in the 3rd quarter. Krane Funds Advisors LLC now owns 3,387,052 shares of the information services provider’s stock worth $93,178,000 after purchasing an additional 678,214 shares during the period. Vanguard Group Inc. increased its stake in Autohome by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,682,506 shares of the information services provider’s stock worth $59,713,000 after purchasing an additional 39,969 shares during the period. Federated Hermes Inc. increased its stake in Autohome by 9.6% in the 3rd quarter. Federated Hermes Inc. now owns 1,526,558 shares of the information services provider’s stock worth $43,583,000 after purchasing an additional 133,525 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Autohome by 7.3% during the third quarter. Schroder Investment Management Group now owns 1,304,270 shares of the information services provider’s stock valued at $37,237,000 after buying an additional 89,057 shares during the period. 63.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ATHM shares. Benchmark reissued a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th. Zacks Research raised Autohome from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen cut Autohome from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings cut Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $28.00.

Autohome Stock Performance

ATHM opened at $19.01 on Monday. Autohome Inc. has a 52-week low of $16.74 and a 52-week high of $29.92. The stock has a market capitalization of $2.19 billion, a PE ratio of 11.59 and a beta of 0.26. The stock’s 50 day moving average price is $18.40 and its 200-day moving average price is $21.57.

Autohome (NYSE:ATHM) last posted its earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $208.96 million for the quarter. Autohome had a return on equity of 5.94% and a net margin of 21.43%. Research analysts forecast that Autohome Inc. will post 1.28 EPS for the current fiscal year.

Autohome Company Profile

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.