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

StockNews.com upgraded shares of Autohome (NYSE:ATHM) from a hold rating to a buy rating in a research note published on Tuesday morning.

ATHM has been the subject of several other research reports. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Autohome Stock Performance

Shares of ATHM stock opened at $29.67 on Tuesday. The stock’s 50-day moving average is $27.09 and its two-hundred day moving average is $27.44. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 14.76 and a beta of 0.18. Autohome has a 1 year low of $21.89 and a 1 year high of $34.70.

Institutional Investors Weigh In On Autohome

Several hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in Autohome by 205.8% in the second quarter. The Manufacturers Life Insurance Company now owns 24,189 shares of the information services provider’s stock valued at $664,000 after purchasing an additional 16,280 shares during the period. Creative Planning lifted its position in Autohome by 85.0% in the second quarter. Creative Planning now owns 18,335 shares of the information services provider’s stock valued at $503,000 after purchasing an additional 8,425 shares during the period. Sanctuary Advisors LLC acquired a new stake in Autohome in the second quarter valued at about $345,000. Vontobel Holding Ltd. acquired a new stake in Autohome in the third quarter valued at about $219,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Autohome by 3.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 93,973 shares of the information services provider’s stock valued at $3,065,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.

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.