Polymer Capital Management HK LTD Purchases New Stake in Autohome Inc. (NYSE:ATHM)

Polymer Capital Management HK LTD bought a new stake in Autohome Inc. (NYSE:ATHM) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 35,400 shares of the information services provider’s stock, valued at approximately $919,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ATHM. Rhumbline Advisers boosted its holdings in Autohome by 3.1% during the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock worth $357,000 after buying an additional 420 shares in the last quarter. Ritholtz Wealth Management increased its stake in Autohome by 8.1% in the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock valued at $270,000 after purchasing an additional 778 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Autohome by 27.4% during the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock worth $222,000 after purchasing an additional 1,841 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Autohome by 16.7% during the third quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock worth $505,000 after purchasing an additional 2,221 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Autohome by 5.5% in the fourth quarter. Franklin Resources Inc. now owns 43,714 shares of the information services provider’s stock valued at $1,134,000 after purchasing an additional 2,266 shares during the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.

Autohome Price Performance

Shares of NYSE ATHM opened at $25.88 on Monday. The company has a 50-day simple moving average of $28.93 and a 200-day simple moving average of $28.61. The company has a market cap of $3.13 billion, a PE ratio of 13.99 and a beta of 0.16. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 23.02%. The company had revenue of $244.33 million during the quarter, compared to the consensus estimate of $243.26 million. On average, analysts anticipate that Autohome Inc. will post 1.84 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of Autohome from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $24.00 to $36.00 in a research note on Wednesday, March 12th. The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. Finally, StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.00.

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.