Autohome (NYSE:ATHM) Upgraded at StockNews.com

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

Other research analysts have also issued reports about the stock. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a report on Wednesday, December 11th. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.00.

Autohome Stock Up 1.9 %

ATHM opened at $27.96 on Tuesday. Autohome has a 52 week low of $21.89 and a 52 week high of $34.70. The firm has a 50-day simple moving average of $27.09 and a two-hundred day simple moving average of $27.39. The company has a market capitalization of $3.39 billion, a PE ratio of 13.91 and a beta of 0.18.

Institutional Trading of Autohome

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vontobel Holding Ltd. bought a new position in Autohome during the third quarter valued at $219,000. BlueCrest Capital Management Ltd bought a new position in Autohome during the 3rd quarter valued at about $228,000. Van ECK Associates Corp raised its position in Autohome by 31.2% in the 3rd quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock worth $304,000 after purchasing an additional 2,212 shares during the period. Asset Management One Co. Ltd. lifted its stake in Autohome by 37.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider’s stock worth $261,000 after purchasing an additional 2,652 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of 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 buying an additional 778 shares during the period. Hedge funds and other 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.