Cornerstone Capital Management Holdings LLC. Invests $811,000 in Autohome Inc (ATHM) Stock
Cornerstone Capital Management Holdings LLC. bought a new position in shares of Autohome Inc (NYSE:ATHM) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 13,500 shares of the information services provider’s stock, valued at approximately $811,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Investec Asset Management LTD grew its holdings in shares of Autohome by 20.9% in the 2nd quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock worth $90,226,000 after acquiring an additional 343,427 shares during the period. Andra AP fonden acquired a new stake in shares of Autohome in the 2nd quarter worth approximately $2,477,000. Sei Investments Co. grew its holdings in shares of Autohome by 187,278.4% in the 3rd quarter. Sei Investments Co. now owns 69,330 shares of the information services provider’s stock worth $4,165,000 after acquiring an additional 69,293 shares during the period. Profund Advisors LLC acquired a new stake in shares of Autohome in the 2nd quarter worth approximately $264,000. Finally, BlackRock Inc. grew its holdings in shares of Autohome by 1,380.8% in the 2nd quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after acquiring an additional 4,171,817 shares during the period. Institutional investors own 38.84% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Autohome from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Thursday, December 14th. Benchmark increased their target price on Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank increased their target price on Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. BidaskClub upgraded Autohome from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, Credit Suisse Group initiated coverage on Autohome in a report on Tuesday, October 3rd. They set an “outperform” rating and a $70.80 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Autohome currently has an average rating of “Buy” and an average target price of $66.16.
Shares of Autohome Inc (NYSE ATHM) opened at $64.97 on Monday. The company has a market capitalization of $7,500.00, a price-to-earnings ratio of 29.27 and a beta of 2.06. Autohome Inc has a fifty-two week low of $25.00 and a fifty-two week high of $67.69.
The business also recently announced a special dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, January 3rd.
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Autohome Company Profile
Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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