Autohome (NYSE:ATHM) Stock Rating Upgraded by Zacks Research

Autohome (NYSE:ATHM) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

ATHM has been the topic of a number of other reports. Wall Street Zen upgraded shares of Autohome from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Bank of America lowered shares of Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 target price for the company. in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $26.50 target price on shares of Autohome in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Autohome currently has a consensus rating of “Hold” and a consensus target price of $19.95.

Autohome Price Performance

Shares of Autohome stock opened at $20.09 on Tuesday. Autohome has a 1-year low of $15.57 and a 1-year high of $28.12. The business’s fifty day moving average price is $21.65 and its two-hundred day moving average price is $19.85. The company has a market capitalization of $2.31 billion, a P/E ratio of 17.31 and a beta of 0.27.

Insiders Place Their Bets

In other Autohome news, CTO Bibo Xiang sold 5,588 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $5.29, for a total transaction of $29,560.52. Following the completion of the transaction, the chief technology officer directly owned 56,780 shares of the company’s stock, valued at approximately $300,366.20. This trade represents a 8.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Quan Long sold 34,400 shares of Autohome stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total value of $181,976.00. Following the transaction, the director owned 175,984 shares in the company, valued at approximately $930,955.36. This trade represents a 16.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,304 shares of company stock worth $260,818 over the last ninety days. Company insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Autohome by 119.4% in the 1st quarter. Parallel Advisors LLC now owns 5,256 shares of the information services provider’s stock valued at $91,000 after acquiring an additional 2,860 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Autohome in the 1st quarter worth approximately $184,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Autohome in the 1st quarter worth approximately $834,000. Oldfield Partners LLP grew its stake in shares of Autohome by 20.3% in the 2nd quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider’s stock worth $948,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Autohome in the 1st quarter worth approximately $1,014,000. Institutional investors own 63.08% of the company’s stock.

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.