StockNews.com Downgrades Autohome (NYSE:ATHM) to Hold

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

Several other analysts 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 raised Autohome to a “hold” rating in a report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.00.

Autohome Trading Down 1.0 %

Shares of Autohome stock traded down $0.28 during trading on Monday, reaching $27.74. The company’s stock had a trading volume of 357,226 shares, compared to its average volume of 436,877. The stock has a 50-day moving average price of $27.06 and a two-hundred day moving average price of $27.31. The stock has a market capitalization of $3.36 billion, a P/E ratio of 13.80 and a beta of 0.18. Autohome has a one year low of $21.89 and a one year high of $34.70.

Hedge Funds Weigh In On Autohome

Large investors have recently bought and sold shares of the business. Vontobel Holding Ltd. bought a new position in Autohome during the third quarter worth about $219,000. BlueCrest Capital Management Ltd bought a new stake in shares of Autohome in the 3rd quarter valued at about $228,000. Asset Management One Co. Ltd. increased its stake in shares of Autohome by 37.4% during 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 period. Ritholtz Wealth Management raised its holdings in Autohome by 8.1% in the 4th 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. Finally, Van ECK Associates Corp lifted its position in shares of Autohome by 31.2% during the 3rd quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock worth $304,000 after buying an additional 2,212 shares during 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.