Autohome Inc. (NYSE:ATHM) Stock Has Consensus Price Target of $17.77 According to Brokerages

Key Points

• Autohome has a consensus “Reduce” rating from six brokerages: one recommends selling and five rate the stock as a hold. The average 12-month price target is $17.77, below the reported share price of $20.70.
• Analyst sentiment has been mixed, with Weiss Ratings, Zacks Research and Wall Street Zen upgrading the stock to “hold,” while Bank of America downgraded it to “underperform” and set a $19 price target.
• Autohome’s market capitalization is approximately $2.38 billion, and institutional investors own 63.08% of its shares. Company insiders sold 49,304 shares worth roughly $260,818 over the past three months.

Autohome Inc. (NYSE:ATHM - Get Free Report) has earned a consensus recommendation of "Reduce" from the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.77.

Several analysts recently commented on ATHM shares. Weiss Ratings upgraded Autohome from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, September 22nd. Zacks Research raised Autohome from a "strong sell" rating to a "hold" rating in a research note on Friday, August 7th. Bank of America lowered Autohome from a "neutral" rating to an "underperform" rating and set a $19.00 price objective on the stock. in a report on Tuesday, August 18th. Finally, Wall Street Zen raised shares of Autohome from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd.

Autohome Price Performance

Shares of Autohome stock opened at $20.70 on Friday. The stock has a market capitalization of $2.38 billion, a P/E ratio of 17.84 and a beta of 0.27. The business has a 50 day simple moving average of $21.82 and a two-hundred day simple moving average of $19.78. Autohome has a 12 month low of $15.57 and a 12 month high of $28.12.

Insider Activity

In other news, CTO Bibo Xiang sold 5,588 shares of the firm's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total value of $29,560.52. Following the transaction, the chief technology officer directly owned 56,780 shares of the company's stock, valued at approximately $300,366.20. This trade represents a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Craig Yan Zeng sold 9,316 shares of the business's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $5.29, for a total transaction of $49,281.64. Following the transaction, the chief financial officer owned 160,624 shares in the company, valued at $849,700.96. The trade was a 5.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,304 shares of company stock worth $260,818 over the last three months. Insiders own 5.70% of the company's stock.

Institutional Trading of Autohome

A number of hedge funds have recently bought and sold shares of ATHM. Dimensional Fund Advisors LP lifted its stake in Autohome by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 370,108 shares of the information services provider's stock worth $6,424,000 after purchasing an additional 60,511 shares in the last quarter. Bank of America Corp DE grew its position in shares of Autohome by 159.7% in the first quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider's stock valued at $6,337,000 after purchasing an additional 224,318 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Autohome in the first quarter valued at approximately $5,714,000. ABN Amro Investment Solutions lifted its position in Autohome by 47.6% during the first quarter. ABN Amro Investment Solutions now owns 308,171 shares of the information services provider's stock worth $5,353,000 after buying an additional 99,422 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Autohome during the second quarter worth approximately $5,293,000. Institutional investors and hedge funds own 63.08% of the company's stock.

About Autohome

Autohome Inc NYSE: ATHM operates an online platform serving automobile consumers and industry participants in China. The company provides automotive news, reviews, buying guides, videos and other user-generated or professionally produced content designed to help consumers research vehicles and make purchasing decisions.

Through its websites and mobile applications, including Autohome and Che168, the company offers vehicle search and comparison tools, pricing information, listings for new and used vehicles, dealer information and online communities.

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