Mirae Asset Global Investments Co. Ltd. Sells 12,928 Shares of Autohome Inc. (NYSE:ATHM)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Autohome Inc. (NYSE:ATHM) by 54.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,739 shares of the information services provider’s stock after selling 12,928 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Autohome were worth $279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its position in shares of Autohome by 140.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider’s stock worth $44,602,000 after buying an additional 1,004,043 shares during the period. Assenagon Asset Management S.A. raised its position in Autohome by 106.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 683,144 shares of the information services provider’s stock valued at $22,284,000 after purchasing an additional 351,789 shares during the last quarter. M&G PLC boosted its stake in Autohome by 9.6% in the third quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock worth $111,701,000 after purchasing an additional 296,107 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Autohome in the third quarter worth $6,663,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Autohome by 948.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,508 shares of the information services provider’s stock worth $2,594,000 after purchasing an additional 71,923 shares during the last quarter. Institutional investors own 63.08% of the company’s stock.

Autohome Stock Up 3.8 %

Shares of Autohome stock opened at $29.67 on Friday. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 14.76 and a beta of 0.18. The company has a 50-day simple moving average of $27.09 and a two-hundred day simple moving average of $27.44. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ATHM. CLSA lowered Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research note on Wednesday, December 11th. Finally, StockNews.com upgraded Autohome from a “hold” rating to a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Autohome Company Profile

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.