Autohome Inc. (NYSE:ATHM) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Autohome Inc. (NYSE:ATHM - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $32.00.

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Autohome from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $24.00 to $36.00 in a report on Wednesday, March 12th. Wall Street Zen upgraded Autohome from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th.

Hedge Funds Weigh In On Autohome

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in Autohome by 2,671.8% during the first quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider's stock worth $55,000 after buying an additional 1,897 shares in the last quarter. Guinness Asset Management LTD lifted its holdings in shares of Autohome by 147.3% during the first quarter. Guinness Asset Management LTD now owns 1,978 shares of the information services provider's stock valued at $55,000 after acquiring an additional 1,178 shares during the period. SVB Wealth LLC acquired a new stake in shares of Autohome in the 1st quarter valued at $57,000. Liontrust Investment Partners LLP bought a new stake in shares of Autohome in the 1st quarter worth about $129,000. Finally, Walleye Capital LLC bought a new stake in Autohome during the fourth quarter worth about $231,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Stock Down 0.6%

Autohome stock traded down $0.17 during midday trading on Tuesday, hitting $26.28. The company's stock had a trading volume of 121,870 shares, compared to its average volume of 493,175. Autohome has a 12 month low of $21.89 and a 12 month high of $34.70. The company has a market capitalization of $3.15 billion, a PE ratio of 14.52 and a beta of 0.02. The stock's 50-day moving average price is $25.77 and its 200-day moving average price is $27.00.

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.