Is Autohome Inc (ADR) (ATHM) A Good Stock To Buy?

Insider Monkey finished processing more than 700 13F filings made by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30. What do these smart investors think about Autohome Inc (ADR) (NYSE:ATHM)?

Is Autohome Inc (ADR) a safe investment now? Prominent investors are getting less optimistic. The number of bullish hedge fund positions retreated by 12 lately. ATHM was in 12 hedge funds’ portfolios at the end of September. There were 24 hedge funds in our database with ATHM positions at the end of the previous quarter. At the end of this article we will also compare ATHM to other stocks including Seaboard Corporation (NYSMKT:SEB), Umpqua Holdings Corp (NASDAQ:UMPQ), and National Instruments Corp (NASDAQ:NATI) to get a better sense of its popularity.

In the financial world there are a large number of formulas stock market investors can use to size up publicly traded companies. A couple of the less known formulas are hedge fund and insider trading indicators. Our experts have shown that, historically, those who follow the best picks of the top money managers can trounce the S&P 500 by a significant amount (see the details here).

Now, let’s take a gander at the key action surrounding Autohome Inc (ADR) (NYSE:ATHM).

What does the smart money think about Autohome Inc (ADR) (NYSE:ATHM)?

At the end of the third quarter, a total of 12 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -50% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were upping their holdings significantly (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Chase Coleman’s Tiger Global Management LLC has the most valuable position in Autohome Inc (ADR) (NYSE:ATHM), worth close to $284.2 million, comprising 3.5% of its total 13F portfolio. The second largest stake is held by Select Equity Group, led by Robert Joseph Caruso, holding a $77.8 million position; 0.7% of its 13F portfolio is allocated to the company. Other peers that hold long positions contain Rob Citrone’s Discovery Capital Management, Shashin Shah’s Think Investments and D E Shaw.