Autohome (NYSE:ATHM) CTO Sells 5,588 Shares of Stock

Key Points

• Autohome CTO Bibo Xiang sold 5,588 shares at an average price of $5.29, generating $29,560.52 and reducing his direct ownership by 8.96% to 56,780 shares.
• Autohome shares fell 1.7% to $20.90, with the stock trading between a 52-week low of $15.57 and high of $29.18.
• Analysts have a consensus “Reduce” rating, with five Hold ratings and one Sell rating and an average price target of $17.77; institutional investors own 63.08% of the company.

Autohome Inc. (NYSE:ATHM - Get Free Report) CTO Bibo Xiang sold 5,588 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total transaction of $29,560.52. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Autohome Stock Down 1.7%

NYSE ATHM traded down $0.35 during midday trading on Thursday, hitting $20.90. The company had a trading volume of 287,577 shares, compared to its average volume of 480,418. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 18.02 and a beta of 0.27. The firm has a fifty day simple moving average of $22.04 and a two-hundred day simple moving average of $19.69. Autohome Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $29.18.

Hedge Funds Weigh In On Autohome

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Autohome by 4.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 40,169 shares of the information services provider's stock worth $894,000 after purchasing an additional 1,751 shares during the period. Parallel Advisors LLC boosted its holdings in Autohome by 119.4% during the first quarter. Parallel Advisors LLC now owns 5,256 shares of the information services provider's stock valued at $91,000 after purchasing an additional 2,860 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Autohome by 9.0% in the 1st quarter. SG Americas Securities LLC now owns 61,715 shares of the information services provider's stock valued at $1,072,000 after purchasing an additional 5,120 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Autohome in the 4th quarter valued at approximately $172,000. Finally, Oldfield Partners LLP raised its holdings in shares of Autohome by 20.3% in the 2nd quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider's stock worth $948,000 after buying an additional 8,400 shares in the last quarter. 63.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

ATHM has been the topic of a number of recent research reports. Zacks Research raised Autohome from a "strong sell" rating to a "hold" rating in a research report on Friday, August 7th. Weiss Ratings raised Autohome from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, September 22nd. JPMorgan Chase & Co. reduced their price objective on Autohome from $20.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, June 3rd. Wall Street Zen raised Autohome from a "sell" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, Bank of America cut Autohome from a "neutral" rating to an "underperform" rating and set a $19.00 price objective on the stock. in a research report on Tuesday, August 18th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Autohome presently has a consensus rating of "Reduce" and an average price target of $17.77.

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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