Autohome Inc (ATHM) Given Average Rating of “Buy” by Brokerages

Shares of Autohome Inc (NYSE:ATHM) have been given an average rating of “Buy” by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $68.96.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Autohome by 5.3% in 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 buying an additional 396,818 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Autohome by 60.6% in the 4th quarter. Acadian Asset Management LLC now owns 2,075,707 shares of the information services provider’s stock worth $134,234,000 after buying an additional 782,868 shares in the last quarter. Investec Asset Management LTD grew its stake in Autohome by 2.1% in the 3rd quarter. Investec Asset Management LTD now owns 2,030,170 shares of the information services provider’s stock valued at $121,973,000 after acquiring an additional 41,061 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Autohome by 231.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,785 shares of the information services provider’s stock valued at $48,230,000 after acquiring an additional 520,685 shares during the last quarter. Finally, State Street Corp grew its stake in Autohome by 1,384.9% in the 2nd quarter. State Street Corp now owns 669,138 shares of the information services provider’s stock valued at $30,354,000 after acquiring an additional 624,076 shares during the last quarter. Institutional investors own 39.91% of the company’s stock.

Autohome (ATHM) traded up $1.08 during midday trading on Wednesday, hitting $81.81. The company had a trading volume of 591,964 shares, compared to its average volume of 865,438. Autohome has a 52-week low of $28.63 and a 52-week high of $86.86. The stock has a market capitalization of $9,470.00, a price-to-earnings ratio of 35.43 and a beta of 2.28.

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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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