Autohome (NYSE:ATHM) Stock Rating Upgraded by Wall Street Zen

Autohome (NYSE:ATHM) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

ATHM has been the subject of several other research reports. JPMorgan Chase & Co. cut their price objective on Autohome from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. HSBC downgraded shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price on the stock. in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Autohome in a research report on Friday, July 17th. Bank of America cut shares of Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price target for the company. in a research note on Tuesday, August 18th. Finally, Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $17.77.

Autohome Price Performance

ATHM stock opened at $22.19 on Friday. The stock has a market capitalization of $2.56 billion, a P/E ratio of 19.13 and a beta of 0.23. Autohome has a fifty-two week low of $15.57 and a fifty-two week high of $29.92. The business has a 50-day moving average of $20.87 and a 200-day moving average of $19.41.

Insider Activity at Autohome

In related news, CTO Bibo Xiang sold 10,508 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $4.35, for a total transaction of $45,709.80. Following the transaction, the chief technology officer directly owned 62,368 shares of the company’s stock, valued at approximately $271,300.80. The trade was a 14.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Yan Zeng sold 24,300 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $4.35, for a total value of $105,705.00. Following the transaction, the chief financial officer directly owned 169,940 shares in the company, valued at $739,239. The trade was a 12.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Autohome

Several institutional investors and hedge funds have recently modified their holdings of ATHM. Raymond James Financial Inc. acquired a new stake in shares of Autohome during the 2nd quarter worth about $29,000. Global Retirement Partners LLC grew its stake in Autohome by 205.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider’s stock valued at $37,000 after buying an additional 1,112 shares during the last quarter. Guinness Asset Management LTD grew its stake in Autohome by 20.7% in the 4th quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider’s stock valued at $76,000 after buying an additional 560 shares during the last quarter. Parallel Advisors LLC raised its holdings in Autohome by 30.5% in the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after acquiring an additional 674 shares during the period. Finally, Virtus Advisers LLC bought a new position in Autohome in the 3rd quarter valued at about $106,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.

About Autohome

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.