Standard Life Aberdeen’s holding in Autohome Inc. decreased to about 2.7 million shares with the transaction.
Standard Life Aberdeen first bought Autohome Inc. stock in the third quarter of 2017. Standard Life Aberdeen also owns Alibaba (NYSE:BABA), Alphabet Inc Class A (NASDAQ:GOOGL), Facebook (NASDAQ:FB) and Alphabet (GOOG). Autohome Inc. is its number four position by number of shares and market value among internet stocks.
Other investors who also reduced their Autohome Inc. shares include Citigroup (NYSE:C), Harding Loevner, and Hexavest Inc. Contrary to Standard Life Aberdeen, Bridgewater Associates, Epoch Investment Partners, and Mawer Investment Management added to ATHM shares, while Point72 Asset Management introduced ATHM shares to their portfolio.
Standard Life Aberdeen also added to their share in Grupo Aeroportuario del Sureste (NYSE:ASR). The total value of the shares bought is estimated at around $3 billion.