Autohome Inc. (NYSE:ATHM) Position Reduced by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in Autohome Inc. (NYSE:ATHM) by 26.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 714,718 shares of the information services provider’s stock after selling 263,135 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Autohome were worth $23,314,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ATHM. Atlas Capital Advisors LLC acquired a new stake in Autohome during the 2nd quarter valued at $28,000. Public Employees Retirement Association of Colorado raised its position in Autohome by 88.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock valued at $45,000 after buying an additional 800 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Autohome by 93.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock worth $146,000 after acquiring an additional 2,614 shares in the last quarter. California State Teachers Retirement System boosted its position in Autohome by 4.9% during the 1st quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock worth $195,000 after acquiring an additional 348 shares during the period. Finally, Van ECK Associates Corp grew its stake in Autohome by 23.5% during the 2nd quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock valued at $195,000 after acquiring an additional 1,351 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ATHM shares. Hsbc Global Res raised shares of Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. Citigroup reissued a “neutral” rating and set a $28.00 target price (down previously from $31.00) on shares of Autohome in a research note on Friday, July 19th. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Benchmark cut Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, CLSA lowered Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Autohome Stock Up 1.6 %

Shares of ATHM opened at $28.79 on Wednesday. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 13.45 and a beta of 0.18. The company’s fifty day moving average is $29.40 and its 200-day moving average is $27.46. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70.

Autohome announced that its Board of Directors has authorized a share repurchase program on Wednesday, September 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.