Autohome Inc (ATHM) Given Consensus Recommendation of “Buy” by Analysts

Autohome Inc (NYSE:ATHM) has earned a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $68.96.

A number of equities analysts recently issued reports on ATHM shares. Citigroup started coverage on Autohome in a report on Tuesday, January 2nd. They issued a “buy” rating and a $83.00 target price on the stock. Zacks Investment Research cut Autohome from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. BidaskClub cut Autohome from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Benchmark lifted their target price on Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Deutsche Bank lifted their target price on Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th.

Shares of Autohome (NYSE ATHM) traded down $2.41 during midday trading on Wednesday, hitting $82.59. The company had a trading volume of 501,000 shares, compared to its average volume of 860,573. The firm has a market cap of $9,759.02, a PE ratio of 39.90 and a beta of 2.28. Autohome has a twelve month low of $28.63 and a twelve month high of $86.86.

Several hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Autohome by 5.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,908,058 shares of the information services provider’s stock valued at $475,116,000 after purchasing an additional 396,818 shares during the last quarter. Acadian Asset Management LLC boosted its position in Autohome by 60.6% during the fourth quarter. Acadian Asset Management LLC now owns 2,075,707 shares of the information services provider’s stock valued at $134,234,000 after purchasing an additional 782,868 shares during the last quarter. Investec Asset Management LTD boosted its position in Autohome by 2.1% during the third quarter. Investec Asset Management LTD now owns 2,030,170 shares of the information services provider’s stock valued at $121,973,000 after purchasing an additional 41,061 shares during the last quarter. Macquarie Group Ltd. boosted its position in Autohome by 101.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,465,144 shares of the information services provider’s stock valued at $76,836,000 after purchasing an additional 737,336 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Autohome by 231.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,785 shares of the information services provider’s stock valued at $48,230,000 after purchasing an additional 520,685 shares during the last quarter. Institutional investors and hedge funds own 37.06% of the company’s stock.

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Autohome Company Profile

Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.

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