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

Autohome (NYSE:ATHM) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Other equities research analysts have also recently issued research reports about the stock. CLSA cut shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised Autohome to a “hold” rating in a report on Wednesday, December 11th. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Autohome Stock Performance

NYSE:ATHM opened at $28.61 on Tuesday. Autohome has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The stock has a market capitalization of $3.46 billion, a P/E ratio of 14.23 and a beta of 0.18. The company’s 50-day simple moving average is $27.08 and its 200-day simple moving average is $27.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased 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 purchasing an additional 16,280 shares in the last quarter. Creative Planning increased its position in 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 purchasing an additional 8,425 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Autohome during the 2nd quarter worth about $345,000. Vontobel Holding Ltd. purchased a new stake in Autohome during the 3rd quarter worth about $219,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Autohome by 3.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 93,973 shares of the information services provider’s stock worth $3,065,000 after purchasing an additional 3,000 shares in the last quarter. 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.