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

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

A number of other brokerages also recently commented on ATHM. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research note on Wednesday, December 11th. CLSA lowered Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Hsbc Global Res raised Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. Four 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, Autohome presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Autohome Stock Performance

ATHM opened at $26.19 on Friday. Autohome has a 1 year low of $21.89 and a 1 year high of $34.70. The firm has a 50 day moving average price of $27.47 and a 200 day moving average price of $27.38. The company has a market cap of $3.17 billion, a PE ratio of 13.03 and a beta of 0.18.

Institutional Trading of Autohome

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Autohome by 78.1% in the third quarter. JPMorgan Chase & Co. now owns 154,988 shares of the information services provider’s stock worth $5,056,000 after acquiring an additional 67,957 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Autohome by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 41,448 shares of the information services provider’s stock valued at $1,342,000 after purchasing an additional 2,857 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Autohome by 16.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock valued at $505,000 after buying an additional 2,221 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Autohome by 3.5% during the third quarter. Geode Capital Management LLC now owns 413,932 shares of the information services provider’s stock worth $13,395,000 after buying an additional 13,944 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Autohome in the third quarter worth $6,663,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.

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.