Sumitomo Mitsui DS Asset Management Increases Stake in Autohome Inc.

Sumitomo Mitsui DS Asset Management Company Ltd has boosted its stake in Autohome Inc. (NYSE:ATHM - Free Report) by 15.1% during the fourth quarter, as revealed in its latest 13F filing with the Securities and Exchange Commission. Following this increase, the fund now holds 108,173 shares of Autohome's stock after adding an extra 14,200 shares during the quarter. As of the most recent filing, Sumitomo Mitsui DS Asset Management controls 0.09% of Autohome, valued at approximately $2,807,000.

• Autohome’s Dividend and Buyback Strategy Presents a Strong Investment Opportunity

Several other major investors have also adjusted their positions in Autohome recently. For instance, the Public Employees Retirement System of Ohio established a new investment in Autohome during the third quarter, which is estimated to be worth about $6,663,000. Additionally, Jane Street Group LLC made a new investment in Autohome shares valued at $784,000 during the same period. The Bank of Montreal Can raised its stake in Autohome by 33.8% in the third quarter, now owning 105,514 shares valued at $3,484,000 after acquiring an additional 26,657 shares. JPMorgan Chase & Co. significantly increased its position in Autohome by 78.1% in the third quarter, resulting in ownership of 154,988 shares worth $5,056,000 following the acquisition of an additional 67,957 shares. M&G PLC also grew its holdings in Autohome by 9.6% in the third quarter, now owning 3,384,865 shares valued at $111,701,000 after acquiring an extra 296,107 shares. Overall, institutional investors collectively own 63.08% of Autohome's stock.

Autohome Stock Performance

As of Monday, shares of ATHM opened at $27.39. The company’s fifty-day simple moving average stands at $27.09, while the 200-day simple moving average is also $27.39. Autohome holds a market capitalization of $3.32 billion, a price-to-earnings ratio of 13.62, and has a beta of 0.18. The stock has seen a one-year low of $21.89 and a one-year high of $34.70.

Analyst Ratings Update

• Three New Stock Buybacks Worth Considering

A variety of research firms have recently provided their assessments of Autohome. CLSA downgraded Autohome from an "outperform" rating to a "hold" rating in a report published on October 24th. In a report dated February 3rd, StockNews.com lowered its rating of Autohome from "buy" to "hold." Conversely, The Goldman Sachs Group upgraded their rating to "hold" in a research report released on December 11th. Among analysts, five have rated Autohome as a hold, while one analyst has assigned a strong buy rating. According to MarketBeat, Autohome has an average rating of "Hold" and an anticipated target price of $28.00.

Get Our Latest Insights on ATHM

About Autohome Inc.

(Free Report)

Autohome Inc. serves as an online platform for automobile buyers in the People's Republic of China. The company offers interactive content and tools for car consumers through its three websites: autohome.com.cn, che168.com, and ttpai.cn, which can be accessed via PCs, mobile devices, apps, and mini apps.

Additional Information

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This news alert is generated using technology and financial data to provide prompt and accurate reports. The article has been reviewed for accuracy prior to publication.

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