Autohome (NYSE:ATHM) Cut to “Hold” at StockNews.com

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

ATHM has been the subject of a number of other reports. CLSA downgraded Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, Autohome has an average rating of “Hold” and an average price target of $28.00.

Autohome Stock Down 2.4 %

Shares of Autohome stock opened at $27.29 on Monday. The business has a fifty day simple moving average of $27.09 and a 200 day simple moving average of $27.33. The stock has a market cap of $3.30 billion, a PE ratio of 13.57 and a beta of 0.18. Autohome has a 12 month low of $21.89 and a 12 month high of $34.70.

Institutional Trading of Autohome

Several hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its holdings in shares of Autohome by 2.1% during the second quarter. Millennium Management LLC now owns 133,558 shares of the information services provider’s stock worth $3,666,000 after buying an additional 2,721 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Autohome by 205.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,189 shares of the information services provider’s stock worth $664,000 after acquiring an additional 16,280 shares during the last quarter. Creative Planning grew its stake in shares of Autohome by 85.0% during the 2nd quarter. Creative Planning now owns 18,335 shares of the information services provider’s stock worth $503,000 after acquiring an additional 8,425 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Autohome in the second quarter valued at approximately $345,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Autohome in the third quarter worth $219,000. Institutional investors and hedge funds 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.