Autohome (NYSE:ATHM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “

ATHM has been the subject of several other reports. Credit Suisse Group began coverage on Autohome in a research report on Tuesday, October 3rd. They set an “outperform” rating and a $70.80 target price for the company. Benchmark boosted their target price on Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BidaskClub lowered Autohome from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Deutsche Bank boosted their target price on Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Autohome currently has an average rating of “Buy” and a consensus target price of $66.56.

Autohome (NYSE:ATHM) traded up $2.44 during trading on Tuesday, hitting $59.04. The stock had a trading volume of 612,300 shares, compared to its average volume of 1,000,835. The firm has a market cap of $6,630.00, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.41 and a beta of 2.06. Autohome has a 52 week low of $24.71 and a 52 week high of $67.69.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Autohome by 5.3% in the 3rd 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 period. BlackRock Inc. grew its position in shares of Autohome by 1,380.8% in the 2nd quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock valued at $202,938,000 after purchasing an additional 4,171,817 shares during the period. Vontobel Asset Management Inc. grew its position in shares of Autohome by 2,290.1% in the 2nd quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock valued at $206,105,000 after purchasing an additional 4,283,910 shares during the period. Select Equity Group L.P. grew its position in shares of Autohome by 79.5% in the 4th quarter. Select Equity Group L.P. now owns 4,292,150 shares of the information services provider’s stock valued at $149,882,000 after purchasing an additional 1,901,064 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of Autohome by 9.8% in the 4th quarter. Baillie Gifford & Co. now owns 3,901,359 shares of the information services provider’s stock valued at $136,236,000 after purchasing an additional 347,403 shares during the period. Institutional investors and hedge funds own 38.84% of the company’s stock.

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About Autohome

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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