Autohome (NYSE:ATHM) Director Sells $181,976.00 in Stock

Autohome Inc. (NYSE:ATHM) Director Quan Long sold 34,400 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total transaction of $181,976.00. Following the completion of the transaction, the director owned 175,984 shares in the company, valued at $930,955.36. This trade represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Autohome Stock Down 1.4%

Shares of Autohome stock opened at $20.56 on Friday. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 17.73 and a beta of 0.27. Autohome Inc. has a twelve month low of $15.57 and a twelve month high of $29.07. The company has a 50-day simple moving average of $22.03 and a two-hundred day simple moving average of $19.70.

Hedge Funds Weigh In On Autohome

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Autohome during the 2nd quarter worth approximately $5,293,000. Oldfield Partners LLP increased its stake in Autohome by 20.3% in the second quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider’s stock valued at $948,000 after acquiring an additional 8,400 shares during the last quarter. Bank of America Corp DE raised its position in Autohome by 159.7% during the first quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider’s stock valued at $6,337,000 after purchasing an additional 224,318 shares in the last quarter. Royal Bank of Canada raised its position in Autohome by 35.2% during the first quarter. Royal Bank of Canada now owns 72,460 shares of the information services provider’s stock valued at $1,259,000 after purchasing an additional 18,871 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in Autohome during the first quarter worth $184,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ATHM shares. Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. Bank of America cut Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price objective for the company. in a report on Tuesday, August 18th. Finally, Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $17.77.

About Autohome

Autohome Inc (NYSE: ATHM) operates an online platform serving automobile consumers and industry participants in China. The company provides automotive news, reviews, buying guides, videos and other user-generated or professionally produced content designed to help consumers research vehicles and make purchasing decisions.

Through its websites and mobile applications, including Autohome and Che168, the company offers vehicle search and comparison tools, pricing information, listings for new and used vehicles, dealer information and online communities.