Autohome (NYSE:ATHM) Cut to “Hold” at StockNews.com

Autohome (NYSE:ATHM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other equities research analysts also recently issued reports on the stock. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Hsbc Global Res raised Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Autohome has an average rating of “Hold” and a consensus price target of $28.00.

Autohome Price Performance

NYSE ATHM opened at $28.53 on Tuesday. The business’s 50-day simple moving average is $29.71 and its 200-day simple moving average is $27.60. The firm has a market capitalization of $3.46 billion, a P/E ratio of 14.19 and a beta of 0.18. Autohome has a 1-year low of $21.89 and a 1-year high of $34.70.

Autohome declared that its board has authorized a share repurchase plan on Wednesday, September 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Autohome

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Atlas Capital Advisors LLC purchased a new stake in Autohome during the 2nd quarter worth approximately $28,000. Public Employees Retirement Association of Colorado boosted its stake in Autohome by 88.9% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 800 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Autohome by 93.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock worth $146,000 after acquiring an additional 2,614 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Autohome by 4.9% in the 1st quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock worth $195,000 after purchasing an additional 348 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Autohome by 23.5% during the second quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock worth $195,000 after purchasing an additional 1,351 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

About Autohome

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.