Autohome (NYSE:ATHM) Downgraded to “Hold” Rating by StockNews.com

Autohome (NYSE:ATHM) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Autohome has a consensus rating of “Hold” and a consensus price target of $28.00.

Autohome Stock Performance

Shares of NYSE ATHM opened at $30.44 on Wednesday. The company has a market capitalization of $3.69 billion, a P/E ratio of 15.14 and a beta of 0.18. Autohome has a 52-week low of $21.89 and a 52-week high of $34.70. The company’s 50 day moving average price is $27.19 and its 200-day moving average price is $27.59.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vontobel Holding Ltd. acquired a new position in shares of Autohome during the 3rd quarter valued at $219,000. BlueCrest Capital Management Ltd bought a new stake in Autohome during the 3rd quarter valued at $228,000. Walleye Capital LLC bought a new stake in Autohome during the 4th quarter valued at $231,000. Headlands Technologies LLC increased its stake in Autohome by 1,135.5% during the 4th quarter. Headlands Technologies LLC now owns 9,872 shares of the information services provider’s stock valued at $256,000 after purchasing an additional 9,073 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Autohome during the 4th quarter valued at $257,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.