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

Autohome (NYSE:ATHM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

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

Autohome Price Performance

Shares of Autohome stock opened at $26.74 on Thursday. Autohome has a 1-year low of $21.89 and a 1-year high of $34.70. The company’s fifty day simple moving average is $27.04 and its 200-day simple moving average is $27.30. The stock has a market capitalization of $3.24 billion, a PE ratio of 13.30 and a beta of 0.18.

Hedge Funds Weigh In On Autohome

Hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale lifted its holdings in Autohome by 93.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock worth $146,000 after purchasing an additional 2,614 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Autohome during the third quarter valued at approximately $219,000. XTX Topco Ltd purchased a new position in shares of Autohome in the second quarter worth $221,000. BlueCrest Capital Management Ltd bought a new position in shares of Autohome during the third quarter worth $228,000. Finally, Ritholtz Wealth Management grew its stake in Autohome by 8.1% during the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock valued at $270,000 after acquiring an additional 778 shares in the last quarter. Institutional investors own 63.08% of the company’s stock.

About Autohome

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.