Connor Clark & Lunn Investment Management Ltd. Acquires 123,787 Shares of Autohome Inc. (NYSE:ATHM)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Autohome Inc. (NYSE:ATHM) by 155.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,295 shares of the information services provider’s stock after buying an additional 123,787 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of Autohome worth $5,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ATHM. Robeco Institutional Asset Management B.V. raised its stake in shares of Autohome by 140.5% during the fourth 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 last quarter. North of South Capital LLP raised its stake in shares of Autohome by 16.3% during the fourth quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock worth $51,001,000 after buying an additional 274,974 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Autohome during the third quarter valued at approximately $6,663,000. JPMorgan Chase & Co. grew its holdings in Autohome by 78.1% during the third quarter. JPMorgan Chase & Co. now owns 154,988 shares of the information services provider’s stock valued at $5,056,000 after purchasing an additional 67,957 shares during the period. Finally, State Street Corp grew its holdings in Autohome by 2.0% during the third quarter. State Street Corp now owns 1,382,468 shares of the information services provider’s stock valued at $45,096,000 after purchasing an additional 27,501 shares during the period. 63.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

ATHM has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Autohome from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $24.00 to $36.00 in a report on Wednesday, March 12th. The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a report on Wednesday, December 11th. Finally, StockNews.com cut shares of Autohome from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.00.

Autohome Stock Up 2.7 %

Autohome stock opened at $30.13 on Monday. The stock has a market capitalization of $3.65 billion, a PE ratio of 16.28 and a beta of 0.20. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70. The company has a 50 day moving average of $28.34 and a 200-day moving average of $28.42.

Autohome (NYSE:ATHM) last released 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. The company had revenue of $244.33 million during the quarter, compared to analysts’ expectations of $243.26 million. Autohome had a net margin of 23.02% and a return on equity of 7.79%. Equities analysts anticipate that Autohome Inc. will post 1.84 EPS for the current fiscal year.

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.