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

Shares of Autohome Inc. (NYSE:ATHM – Get Free Report) have earned a consensus rating of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.77.

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. 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 report on Tuesday, August 18th. Finally, Weiss Ratings raised Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd.

Read Our Latest Research Report on Autohome

Autohome Price Performance

Shares of NYSE:ATHM opened at $20.35 on Friday. Autohome has a 1 year low of $15.57 and a 1 year high of $28.12. The business has a 50 day simple moving average of $21.71 and a two-hundred day simple moving average of $19.83. The firm has a market capitalization of $2.34 billion, a PE ratio of 16.89 and a beta of 0.27.

Insider Transactions at Autohome

In other news, CFO Craig Yan Zeng sold 9,316 shares of the company’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 transaction, the chief financial officer directly owned 160,624 shares in the company, valued at approximately $849,700.96. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Quan Long sold 34,400 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $5.29, for a total transaction of $181,976.00. Following the completion of the transaction, the director owned 175,984 shares in the company, valued at approximately $930,955.36. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 49,304 shares of company stock worth $260,818. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of Autohome by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 370,108 shares of the information services provider’s stock worth $6,424,000 after acquiring an additional 60,511 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Autohome during the first quarter valued at approximately $1,014,000. Renaissance Technologies LLC bought a new stake in shares of Autohome during the first quarter valued at approximately $2,418,000. Public Employees Retirement System of Ohio bought a new stake in shares of Autohome during the second quarter valued at approximately $5,293,000. Finally, ABN Amro Investment Solutions boosted its holdings in shares of Autohome by 47.6% in the first quarter. ABN Amro Investment Solutions now owns 308,171 shares of the information services provider’s stock valued at $5,353,000 after purchasing an additional 99,422 shares during the period. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Autohome (NYSE:ATHM)

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