Autohome (NYSE:ATHM) Upgraded to “Buy” at StockNews.com

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

Several other research firms have also commented on ATHM. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research note on Wednesday, December 11th. Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, CLSA lowered Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Autohome presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Autohome Stock Performance

Shares of ATHM stock traded up $0.42 on Friday, reaching $26.19. 376,320 shares of the company were exchanged, compared to its average volume of 425,010. Autohome has a 1 year low of $21.89 and a 1 year high of $34.70. The business has a 50-day moving average price of $27.47 and a 200 day moving average price of $27.38. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 13.03 and a beta of 0.20.

Institutional Investors Weigh In On Autohome

Several hedge funds and other institutional investors have recently made changes to their positions in ATHM. DekaBank Deutsche Girozentrale grew its holdings in Autohome by 93.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after buying an additional 2,614 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Autohome by 23.5% in the second quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock valued at $195,000 after purchasing an additional 1,351 shares during the period. Vontobel Holding Ltd. acquired a new stake in Autohome during the third quarter worth about $219,000. XTX Topco Ltd purchased a new position in Autohome during the second quarter worth about $221,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Autohome in the 3rd quarter valued at about $228,000. Institutional investors and hedge funds 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.