Autohome Inc. (NYSE:ATHM) Stock Has Consensus Target Price of $17.77

Shares of Autohome Inc. (NYSE:ATHM) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $19.95.

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings raised shares of Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Zacks Research raised Autohome from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Bank of America downgraded Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price objective on the stock. in a research note on Tuesday, August 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $26.50 price objective on shares of Autohome in a research report on Wednesday.

Autohome Stock Up 1.0%

Shares of Autohome stock opened at $20.35 on Friday. Autohome has a twelve month low of $15.57 and a twelve month high of $28.12. The company’s 50 day moving average is $21.61 and its 200 day moving average is $19.88. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 17.54 and a beta of 0.27.

Insider Buying and Selling

In other news, Director Quan Long sold 34,400 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $5.29, for a total value of $181,976.00. Following the transaction, the director directly owned 175,984 shares in the company, valued at $930,955.36. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig Yan Zeng sold 9,316 shares of the business’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total value of $49,281.64. Following the completion of the transaction, the chief financial officer owned 160,624 shares in the company, valued at $849,700.96. The trade was a 5.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 49,304 shares of company stock valued at $260,818. 5.70% of the stock is owned by corporate insiders.

Institutional Trading of Autohome

Several institutional investors have recently made changes to their positions in the business. 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 worth $91,000 after purchasing an additional 2,860 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Autohome in the 1st quarter worth approximately $184,000. Y Intercept Hong Kong Ltd purchased a new position in Autohome during the first quarter valued at $834,000. Oldfield Partners LLP lifted its stake in 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 in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Autohome during the 1st quarter valued at about $1,014,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.

About Autohome

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.