Autohome (NYSE:ATHM – Get Free Report) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report released on Tuesday, Marketbeat reports. They currently have a $19.00 target price on the information services provider’s stock. Bank of America‘s price target would suggest a potential downside of 15.67% from the company’s previous close.
A number of other research firms also recently weighed in on ATHM. Wall Street Zen downgraded shares of Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. HSBC cut shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target on the stock. in a report on Thursday, May 14th. JPMorgan Chase & Co. dropped their price objective on Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. Zacks Research raised Autohome from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Autohome in a research report on Friday, July 17th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Autohome has a consensus rating of “Reduce” and an average price target of $17.77.
View Our Latest Report on ATHM
Autohome Stock Performance
Insider Buying and Selling at Autohome
In other news, CTO Bibo Xiang sold 10,508 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $4.35, for a total value of $45,709.80. Following the transaction, the chief technology officer owned 62,368 shares in the company, valued at approximately $271,300.80. This trade represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Yan Zeng sold 24,300 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $4.35, for a total value of $105,705.00. Following the transaction, the chief financial officer owned 169,940 shares in the company, valued at approximately $739,239. This represents a 12.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 5.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Autohome
Hedge funds and other institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd increased its position in Autohome by 42.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 185,882 shares of the information services provider’s stock valued at $4,794,000 after purchasing an additional 55,167 shares during the period. Sei Investments Co. boosted its stake in shares of Autohome by 0.4% during the 2nd quarter. Sei Investments Co. now owns 338,720 shares of the information services provider’s stock valued at $8,736,000 after purchasing an additional 1,197 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Autohome by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock valued at $236,000 after purchasing an additional 438 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Autohome during the second quarter valued at about $1,086,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Autohome during the second quarter valued at about $29,000. Institutional investors own 63.08% of the company’s stock.
Autohome Company Profile
Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.
In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.
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