StockNews.com Upgrades Autohome (NYSE:ATHM) to “Buy”

Autohome (NYSE:ATHM) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

ATHM has been the subject of several other reports. CLSA cut Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. Hsbc Global Res raised Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Autohome Stock Performance

NYSE:ATHM opened at $26.19 on Friday. The company’s 50-day simple moving average is $27.47 and its 200-day simple moving average is $27.38. Autohome has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The stock has a market capitalization of $3.17 billion, a P/E ratio of 13.03 and a beta of 0.18.

Institutional Investors Weigh In On Autohome

A number of hedge funds and other institutional investors have recently modified their holdings of ATHM. Bank of New York Mellon Corp increased its stake in Autohome by 28.9% in the second quarter. Bank of New York Mellon Corp now owns 80,416 shares of the information services provider’s stock valued at $2,207,000 after purchasing an additional 18,030 shares during the last quarter. Van ECK Associates Corp grew its holdings in Autohome by 23.5% in the second quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock valued at $195,000 after purchasing an additional 1,351 shares during the period. Ritholtz Wealth Management purchased a new stake in Autohome in the second quarter valued at approximately $365,000. ANTIPODES PARTNERS Ltd acquired a new position in Autohome during the second quarter worth approximately $892,000. Finally, Acadian Asset Management LLC raised its stake in Autohome by 14.7% during the second quarter. Acadian Asset Management LLC now owns 4,440,462 shares of the information services provider’s stock worth $121,859,000 after purchasing an additional 568,474 shares during the period. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.