Autohome (NYSE:ATHM) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Autohome Inc. (NYSE:ATHM)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $20.08 and traded as low as $19.77. Autohome shares last traded at $19.95, with a volume of 389,944 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ATHM shares. Zacks Research raised Autohome from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Weiss Ratings raised Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $26.50 target price on shares of Autohome in a research report on Wednesday, October 14th. Wall Street Zen raised Autohome from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Bank of America lowered Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price target on the stock. in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Autohome has a consensus rating of “Hold” and an average price target of $19.95.

Autohome Stock Performance

The stock’s fifty day simple moving average is $21.08 and its two-hundred day simple moving average is $20.08. The stock has a market capitalization of $2.30 billion, a P/E ratio of 17.20 and a beta of 0.27.

Insider Buying and Selling

In related 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 value of $29,560.52. Following the completion of the sale, the chief technology officer directly owned 56,780 shares in the company, valued at $300,366.20. This represents a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Quan Long sold 34,400 shares of the firm’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 $181,976.00. Following the transaction, the director directly owned 175,984 shares of the company’s stock, valued at approximately $930,955.36. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,304 shares of company stock valued at $260,818 over the last 90 days. 5.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ATHM. Assenagon Asset Management S.A. bought a new position in Autohome during the third quarter worth $12,420,000. Dimensional Fund Advisors LP boosted its position in Autohome by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 370,108 shares of the information services provider’s stock valued at $6,424,000 after acquiring an additional 60,511 shares during the last quarter. Bank of America Corp DE boosted its position in Autohome by 159.7% during the first quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider’s stock valued at $6,337,000 after acquiring an additional 224,318 shares during the last quarter. First Trust Advisors LP acquired a new stake in Autohome during the 1st quarter worth about $5,714,000. Finally, ABN Amro Investment Solutions grew its holdings in Autohome by 47.6% during the 1st quarter. ABN Amro Investment Solutions now owns 308,171 shares of the information services provider’s stock worth $5,353,000 after acquiring an additional 99,422 shares during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.

About Autohome

Autohome Inc (NYSE: ATHM) operates an online automotive platform serving consumers, automobile manufacturers, dealers and other industry participants primarily in China. Through its websites and mobile applications, the company provides information and digital tools to help users research vehicles, compare models, read reviews, explore pricing and connect with sellers.

The company’s services include automotive news and editorial content, vehicle specifications, user-generated discussions, professional evaluations, sales-lead generation and online marketing solutions.