Autohome (NYSE:ATHM) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Autohome (NYSE:ATHM) from a buy rating to a hold rating in a research note issued to investors on Monday.

Several other equities analysts have also recently weighed in on ATHM. CLSA cut shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Autohome has a consensus rating of “Hold” and an average target price of $28.00.

Autohome Stock Down 2.4 %

ATHM stock opened at $27.29 on Monday. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 13.57 and a beta of 0.18. Autohome has a twelve month low of $21.89 and a twelve month high of $34.70. The business has a 50 day moving average price of $27.09 and a two-hundred day moving average price of $27.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE raised its stake in Autohome by 19.5% in the 4th quarter. US Bancorp DE now owns 35,920 shares of the information services provider’s stock valued at $932,000 after acquiring an additional 5,850 shares during the period. North of South Capital LLP raised its position in shares of Autohome by 16.3% in the fourth quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock valued at $51,001,000 after purchasing an additional 274,974 shares during the period. Alberta Investment Management Corp raised its position in shares of Autohome by 3.5% in the fourth quarter. Alberta Investment Management Corp now owns 254,139 shares of the information services provider’s stock valued at $6,595,000 after purchasing an additional 8,545 shares during the period. Rhumbline Advisers lifted its stake in shares of Autohome by 3.1% during the 4th quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock worth $357,000 after buying an additional 420 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Autohome by 27.4% during the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock worth $222,000 after buying an additional 1,841 shares during the period. 63.08% of the stock is currently owned by 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.