Autohome Inc. (NYSE:ATHM) Given Average Rating of “Reduce” by Brokerages

Shares of Autohome Inc. (NYSE:ATHMGet Free Report) have been given an average rating of “Reduce” by the six research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $17.7667.

Several brokerages have recently commented on ATHM. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Autohome in a report on Friday, July 17th. Bank of America cut 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. Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Finally, 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.

View Our Latest Analysis on ATHM

Insider Activity at Autohome

In other Autohome news, CFO Yan Zeng sold 24,300 shares of Autohome stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $4.35, for a total transaction of $105,705.00. Following the transaction, the chief financial officer directly owned 169,940 shares in the company, valued at approximately $739,239. The trade was a 12.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Bibo Xiang sold 10,508 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $4.35, for a total transaction of $45,709.80. Following the sale, the chief technology officer directly 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 SEC filing for this sale provides additional information. 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 corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ATHM. Qube Research & Technologies Ltd lifted its stake in Autohome by 42.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 185,882 shares of the information services provider’s stock worth $4,794,000 after acquiring an additional 55,167 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Autohome by 0.4% in 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 during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Autohome by 5.0% in 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 during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Autohome in the second quarter worth approximately $1,086,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Autohome in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Stock Up 2.2%

ATHM opened at $22.20 on Friday. The firm has a market cap of $2.56 billion, a PE ratio of 19.14 and a beta of 0.23. The business has a fifty day simple moving average of $21.08 and a 200-day simple moving average of $19.43. Autohome has a fifty-two week low of $15.57 and a fifty-two week high of $29.92.

About Autohome

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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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Analyst Recommendations for Autohome (NYSE:ATHM)

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