Autohome Inc (ATHM) Stake Increased by Nomura Asset Management Co. Ltd.

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Nomura Asset Management Co. Ltd. grew its stake in shares of Autohome Inc (NYSE:ATHM) by 20.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,860 shares of the information services provider’s stock after purchasing an additional 660 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Autohome were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ATHM. Standard Life Aberdeen plc boosted its stake in shares of Autohome by 208.2% during the third quarter. Standard Life Aberdeen plc now owns 5,630,270 shares of the information services provider’s stock valued at $435,840,000 after purchasing an additional 3,803,567 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Autohome during the third quarter valued at $31,583,000. Handelsbanken Fonder AB boosted its stake in shares of Autohome by 155.3% during the fourth quarter. Handelsbanken Fonder AB now owns 382,150 shares of the information services provider’s stock valued at $29,896,000 after purchasing an additional 232,451 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Autohome by 16.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,026,045 shares of the information services provider’s stock valued at $80,268,000 after purchasing an additional 147,895 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in shares of Autohome by 8.8% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,783,900 shares of the information services provider’s stock valued at $139,554,000 after purchasing an additional 144,800 shares during the period. 51.62% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $108.00 target price for the company in a research note on Friday, March 1st. Bank of America boosted their target price on shares of Autohome from $96.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Credit Suisse Group lowered shares of Autohome from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $83.00 to $92.00 in a research note on Wednesday, February 27th. ValuEngine raised shares of Autohome from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Finally, JPMorgan Chase & Co. lowered shares of Autohome from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $68.00 to $58.00 in a research note on Monday, January 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.48.

NYSE:ATHM opened at $92.24 on Wednesday. Autohome Inc has a 1-year low of $61.43 and a 1-year high of $119.50. The stock has a market capitalization of $11.19 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 0.75 and a beta of 1.38.

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Autohome Profile

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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