Autohome Inc. (NYSE:ATHM) Receives $17.77 Average Price Target from Analysts

Autohome Inc. (NYSE:ATHM) has been assigned an average rating of “Reduce” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two 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 brokers that have issued a report on the stock in the last year is $17.7667.

ATHM has been the subject of a number of recent research reports. Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. reduced their price target 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. Bank of America lowered shares of Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price target for the company. in a research report on Tuesday, August 18th. Wall Street Zen raised shares of Autohome from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Autohome in a research report on Friday, July 17th.

Institutional Investors Weigh In On Autohome

A number of hedge funds have recently made changes to their positions in ATHM. First Trust Advisors LP acquired a new position in Autohome during the first quarter worth about $5,714,000. Public Employees Retirement System of Ohio acquired a new stake in Autohome in the 2nd quarter valued at about $5,293,000. Bank of America Corp DE boosted its position in shares of Autohome by 159.7% during the 1st quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider’s stock valued at $6,337,000 after purchasing an additional 224,318 shares in the last quarter. ABN Amro Investment Solutions boosted its position in shares of Autohome by 265.8% during the 4th quarter. ABN Amro Investment Solutions now owns 208,749 shares of the information services provider’s stock valued at $4,647,000 after purchasing an additional 151,690 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Autohome in the 1st quarter worth approximately $2,418,000. Institutional investors own 63.08% of the company’s stock.

Autohome Trading Down 0.1%

NYSE:ATHM opened at $21.33 on Wednesday. The stock has a 50 day moving average of $22.08 and a 200-day moving average of $19.59. The firm has a market capitalization of $2.46 billion, a PE ratio of 18.39 and a beta of 0.23. Autohome has a 52 week low of $15.57 and a 52 week high of $29.50.

Autohome Company Profile

Autohome Inc is a China-based online platform focused on the automotive industry. The company provides automotive content and information, including vehicle specifications, reviews, news, comparisons, pricing information and user-generated discussions designed to help consumers research and purchase vehicles.

Autohome also operates digital marketplaces and online services that connect consumers with automakers, dealers and other automotive businesses. Its offerings support new-vehicle and used-vehicle transactions, advertising, sales leads, dealer marketing, data services and other technology solutions for automotive industry participants.

Founded in 2008, Autohome primarily serves consumers and automotive businesses in China through websites, mobile applications and related digital platforms.