Autohome Inc. (NYSE:ATHM) Receives $32.00 Consensus PT from Brokerages

Autohome Inc. (NYSE:ATHM) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $32.00.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Autohome from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $24.00 to $36.00 in a research note on Wednesday, March 12th. Wall Street Zen upgraded Autohome from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th.

Autohome Trading Down 0.6%

NYSE:ATHM opened at $26.28 on Tuesday. The stock has a market capitalization of $3.15 billion, a PE ratio of 14.52 and a beta of 0.02. The firm has a fifty day simple moving average of $25.77 and a 200 day simple moving average of $27.00. Autohome has a 1-year low of $21.89 and a 1-year high of $34.70.

Hedge Funds Weigh In On Autohome

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in shares of Autohome by 3.1% during the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock valued at $357,000 after acquiring an additional 420 shares in the last quarter. Guinness Asset Management LTD boosted its stake in shares of Autohome by 147.3% during the 1st quarter. Guinness Asset Management LTD now owns 1,978 shares of the information services provider’s stock worth $55,000 after acquiring an additional 1,178 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Autohome by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 126,612 shares of the information services provider’s stock valued at $3,286,000 after buying an additional 1,198 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Autohome by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 71,083 shares of the information services provider’s stock worth $1,970,000 after purchasing an additional 1,198 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Autohome by 11.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 13,435 shares of the information services provider’s stock worth $372,000 after purchasing an additional 1,379 shares in the last quarter. Institutional investors own 63.08% of the company’s stock.

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.