M&G PLC Sells 38,797 Shares of Autohome Inc. $ATHM

M&G PLC cut its position in Autohome Inc. (NYSE:ATHM) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,006,834 shares of the information services provider’s stock after selling 38,797 shares during the period. M&G PLC’s holdings in Autohome were worth $87,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Autohome during the 2nd quarter worth $29,000. PNC Financial Services Group Inc. lifted its holdings in Autohome by 124.4% during the second quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider’s stock valued at $34,000 after purchasing an additional 739 shares during the last quarter. Guinness Asset Management LTD boosted its position in Autohome by 20.9% during the third quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock worth $79,000 after purchasing an additional 469 shares during the period. Shell Asset Management Co. increased its stake in shares of Autohome by 668.6% in the third quarter. Shell Asset Management Co. now owns 5,288 shares of the information services provider’s stock worth $151,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Autohome by 8,115.7% in the second quarter. Headlands Technologies LLC now owns 7,312 shares of the information services provider’s stock valued at $189,000 after purchasing an additional 7,223 shares during the period. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Analyst Upgrades and Downgrades

ATHM has been the subject of a number of recent research reports. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. lowered Autohome from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $36.00 to $28.00 in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Autohome in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Autohome Price Performance

NYSE ATHM opened at $21.01 on Monday. The company’s 50 day simple moving average is $22.65 and its two-hundred day simple moving average is $25.52. Autohome Inc. has a 1 year low of $20.53 and a 1 year high of $32.70. The stock has a market capitalization of $2.45 billion, a PE ratio of 12.36 and a beta of 0.11.

Autohome 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.