Insider Selling: Autohome (NYSE:ATHM) CFO Sells $49,281.64 in Stock

Autohome Inc. (NYSE:ATHM) CFO Craig Yan Zeng sold 9,316 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $5.29, for a total value of $49,281.64. Following the completion of the sale, the chief financial officer directly owned 160,624 shares in the company, valued at $849,700.96. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Autohome Stock Down 1.7%

Shares of NYSE:ATHM traded down $0.35 on Thursday, hitting $20.90. 287,577 shares of the company traded hands, compared to its average volume of 480,418. The stock has a 50 day simple moving average of $22.04 and a 200-day simple moving average of $19.69. The company has a market cap of $2.41 billion, a PE ratio of 18.02 and a beta of 0.27. Autohome Inc. has a 52 week low of $15.57 and a 52 week high of $29.18.

Hedge Funds Weigh In On Autohome

A number of hedge funds have recently bought and sold shares of ATHM. Dimensional Fund Advisors LP grew its stake in shares of Autohome by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 370,108 shares of the information services provider’s stock worth $6,424,000 after acquiring an additional 60,511 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Autohome during the first quarter valued at approximately $1,014,000. Renaissance Technologies LLC bought a new position in Autohome during the first quarter valued at approximately $2,418,000. Public Employees Retirement System of Ohio bought a new position in Autohome during the second quarter valued at approximately $5,293,000. Finally, First Trust Advisors LP purchased a new stake in Autohome in the first quarter worth approximately $5,714,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Analysts Set New Price Targets

ATHM has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Autohome from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Bank of America lowered shares of Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price objective for the company. in a report on Tuesday, August 18th. Weiss Ratings raised Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Finally, Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $17.77.

Autohome Company Profile

Autohome Inc (NYSE: ATHM) operates an online platform serving automobile consumers and industry participants in China. The company provides automotive news, reviews, buying guides, videos and other user-generated or professionally produced content designed to help consumers research vehicles and make purchasing decisions.

Through its websites and mobile applications, including Autohome and Che168, the company offers vehicle search and comparison tools, pricing information, listings for new and used vehicles, dealer information and online communities.