Autohome Inc. (NYSE:ATHM) Stake Lessened by abrdn plc

abrdn plc lessened its stake in Autohome Inc. (NYSE:ATHM) by 37.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,214,735 shares of the information services provider’s stock after selling 712,497 shares during the period. abrdn plc owned about 1.00% of Autohome worth $31,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATHM. Millennium Management LLC increased its stake in shares of Autohome by 2.1% in the second quarter. Millennium Management LLC now owns 133,558 shares of the information services provider’s stock worth $3,666,000 after buying an additional 2,721 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Autohome by 205.8% in the second quarter. The Manufacturers Life Insurance Company now owns 24,189 shares of the information services provider’s stock worth $664,000 after buying an additional 16,280 shares during the last quarter. Creative Planning increased its stake in Autohome by 85.0% during the second quarter. Creative Planning now owns 18,335 shares of the information services provider’s stock valued at $503,000 after purchasing an additional 8,425 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Autohome during the second quarter valued at $345,000. Finally, Vontobel Holding Ltd. bought a new stake in Autohome during the third quarter valued at $219,000. Institutional investors own 63.08% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. CLSA lowered shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. Finally, StockNews.com lowered shares of Autohome from a “buy” rating to a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Autohome has an average rating of “Hold” and a consensus target price of $28.00.

Autohome Stock Performance

Autohome stock opened at $27.29 on Thursday. The company has a 50-day simple moving average of $27.09 and a 200-day simple moving average of $27.33. The firm has a market capitalization of $3.30 billion, a P/E ratio of 13.57 and a beta of 0.18. Autohome Inc. has a one year low of $21.89 and a one year high of $34.70.

Autohome 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.