The Goldman Sachs Group Upgrades Autohome (NYSE:ATHM) to Hold

Autohome (NYSE:ATHM) was upgraded by stock analysts at The Goldman Sachs Group to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. CLSA cut shares of Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. StockNews.com lowered Autohome from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.00.

Autohome Trading Up 0.5 %

ATHM stock opened at $28.02 on Wednesday. Autohome has a 1-year low of $21.89 and a 1-year high of $34.70. The business’s 50-day moving average price is $29.02 and its two-hundred day moving average price is $27.54. The firm has a market cap of $3.39 billion, a PE ratio of 13.94 and a beta of 0.20.

Autohome declared that its board has approved a stock repurchase plan on Wednesday, September 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in Autohome by 4.9% during the first quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock worth $195,000 after purchasing an additional 348 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Autohome by 1.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 192,255 shares of the information services provider’s stock worth $5,277,000 after acquiring an additional 2,920 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Autohome by 28.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 80,416 shares of the information services provider’s stock worth $2,207,000 after acquiring an additional 18,030 shares in the last quarter. GAM Holding AG increased its stake in Autohome by 263.6% in the second quarter. GAM Holding AG now owns 80,000 shares of the information services provider’s stock valued at $2,196,000 after acquiring an additional 58,000 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Autohome during the second quarter valued at approximately $208,000. 63.08% of the stock is owned by institutional investors and hedge funds.

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.