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

StockNews.com upgraded shares of Autohome (NYSE:ATHM) from a hold rating to a buy rating in a research report report published on Tuesday morning.

A number of other equities analysts have also commented on the stock. CLSA lowered shares of Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Autohome presently has an average rating of “Moderate Buy” and an average price target of $28.00.

Autohome Trading Up 0.7 %

NYSE ATHM opened at $28.21 on Tuesday. Autohome has a 12 month low of $21.89 and a 12 month high of $34.70. The company’s 50-day moving average price is $27.08 and its 200-day moving average price is $27.41. The stock has a market cap of $3.42 billion, a PE ratio of 14.03 and a beta of 0.18.

Institutional Trading of Autohome

Hedge funds have recently bought and sold shares of the stock. Vontobel Holding Ltd. bought a new stake in shares of Autohome in the 3rd quarter valued at about $219,000. BlueCrest Capital Management Ltd acquired a new stake in Autohome in the third quarter valued at approximately $228,000. Asset Management One Co. Ltd. grew its holdings in Autohome by 37.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider’s stock worth $261,000 after purchasing an additional 2,652 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Autohome during the fourth quarter worth $269,000. Finally, Ritholtz Wealth Management increased its position in shares of Autohome by 8.1% during the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after purchasing an additional 778 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

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.