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 report issued on Thursday.

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

Autohome Trading Up 4.1 %

ATHM stock opened at $27.59 on Thursday. The company’s 50 day moving average is $26.98 and its 200 day moving average is $27.30. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 13.72 and a beta of 0.18. Autohome has a 1-year low of $21.89 and a 1-year high of $34.70.

Institutional Trading of Autohome

A number of hedge funds and other institutional investors have recently modified their holdings of ATHM. M&G PLC boosted its position in shares of Autohome by 9.6% in the 3rd quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock worth $111,701,000 after purchasing an additional 296,107 shares in the last quarter. State Street Corp raised its position in shares of Autohome by 2.0% in the 3rd quarter. State Street Corp now owns 1,382,468 shares of the information services provider’s stock worth $45,096,000 after purchasing an additional 27,501 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Autohome by 11.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,742 shares of the information services provider’s stock worth $36,007,000 after purchasing an additional 133,993 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Autohome during the 2nd quarter valued at about $22,501,000. Finally, Assenagon Asset Management S.A. increased its stake in Autohome by 106.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 683,144 shares of the information services provider’s stock valued at $22,284,000 after purchasing an additional 351,789 shares in the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

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.