Autohome (NYSE:ATHM) CFO Yan Zeng Sells 9,316 Shares of Stock

Autohome Inc. (NYSE:ATHM – Get Free Report) CFO Craig Yan Zeng sold 9,316 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 $49,281.64. Following the completion of the sale, the chief financial officer directly owned 160,624 shares of the company’s stock, valued at $849,700.96. The trade was a 5.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Autohome Price Performance

Autohome stock traded down $0.35 during mid-day trading on Thursday, reaching $20.90. 287,577 shares of the company traded hands, compared to its average volume of 480,418. Autohome Inc. has a 52-week low of $15.57 and a 52-week high of $29.18. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 18.02 and a beta of 0.27. The firm’s 50 day moving average price is $22.04 and its 200 day moving average price is $19.69.

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Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in Autohome by 119.4% in the first 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 during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of Autohome during the fourth quarter valued at approximately $172,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Autohome during the first quarter valued at approximately $184,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Autohome during the first quarter valued at approximately $834,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Autohome by 4.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 40,169 shares of the information services provider’s stock worth $894,000 after purchasing an additional 1,751 shares in the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America downgraded shares of Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price target for the company. in a research note on Tuesday, August 18th. Wall Street Zen raised Autohome from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. JPMorgan Chase & Co. decreased their target price on Autohome from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Finally, Weiss Ratings raised Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Autohome currently has a consensus rating of “Reduce” and an average target price of $17.77.

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About Autohome

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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.

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