Autohome Inc. (NYSE:ATHM) Given Consensus Recommendation of “Reduce” by Brokerages

Autohome Inc. (NYSE:ATHM) has been assigned a consensus recommendation of “Reduce” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.7667.

A number of research firms have recently issued reports on ATHM. Bank of America cut shares of Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 target price for the company. in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lowered their price target on shares of Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Autohome from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Autohome in a report on Friday, July 17th.

Autohome Price Performance

NYSE:ATHM opened at $21.40 on Wednesday. Autohome has a one year low of $15.57 and a one year high of $29.92. The company has a market cap of $2.46 billion, a P/E ratio of 18.44 and a beta of 0.23. The firm’s fifty day moving average price is $22.00 and its two-hundred day moving average price is $19.51.

Institutional Trading of Autohome

Several hedge funds have recently added to or reduced their stakes in ATHM. First Trust Advisors LP acquired a new position in shares of Autohome during the 1st quarter worth $5,714,000. Public Employees Retirement System of Ohio bought a new position in Autohome in the second quarter valued at about $5,293,000. Bank of America Corp DE grew its position in Autohome by 159.7% in 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 acquiring an additional 224,318 shares during the last quarter. ABN Amro Investment Solutions raised its stake in Autohome by 265.8% during the fourth quarter. ABN Amro Investment Solutions now owns 208,749 shares of the information services provider’s stock worth $4,647,000 after acquiring an additional 151,690 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Autohome during the first quarter worth about $2,418,000. 63.08% of the stock is owned by institutional investors and hedge funds.

About Autohome

Autohome Inc is a China-based online platform focused on the automotive industry. The company provides automotive content and information, including vehicle specifications, reviews, news, comparisons, pricing information and user-generated discussions designed to help consumers research and purchase vehicles.

Autohome also operates digital marketplaces and online services that connect consumers with automakers, dealers and other automotive businesses. Its offerings support new-vehicle and used-vehicle transactions, advertising, sales leads, dealer marketing, data services and other technology solutions for automotive industry participants.

Founded in 2008, Autohome primarily serves consumers and automotive businesses in China through websites, mobile applications and related digital platforms.