Autohome (NYSE:ATHM) Stock Rating Upgraded by StockNews.com

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

A number of other research analysts have also recently commented on ATHM. Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group raised Autohome to a “hold” rating in a research note on Wednesday, December 11th. Finally, CLSA cut 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.00.

Autohome Stock Performance

Shares of Autohome stock traded up $0.42 on Friday, reaching $26.19. The company had a trading volume of 376,320 shares, compared to its average volume of 425,010. The firm’s 50 day moving average price is $27.47 and its two-hundred day moving average price is $27.38. Autohome has a 52-week low of $21.89 and a 52-week high of $34.70. The firm has a market cap of $3.17 billion, a PE ratio of 13.03 and a beta of 0.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in Autohome during the 2nd quarter worth approximately $22,501,000. Acadian Asset Management LLC increased its holdings in Autohome by 14.7% in the second quarter. Acadian Asset Management LLC now owns 4,440,462 shares of the information services provider’s stock valued at $121,859,000 after buying an additional 568,474 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Autohome by 106.2% in the third quarter. Assenagon Asset Management S.A. now owns 683,144 shares of the information services provider’s stock valued at $22,284,000 after buying an additional 351,789 shares during the last quarter. M&G PLC raised its stake in Autohome by 9.6% in the third quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock valued at $111,701,000 after buying an additional 296,107 shares in the last quarter. Finally, Krane Funds Advisors LLC boosted its position in shares of Autohome by 10.7% during the 2nd quarter. Krane Funds Advisors LLC now owns 2,816,972 shares of the information services provider’s stock worth $77,326,000 after acquiring an additional 272,092 shares in the last quarter. 63.08% of the stock is 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.