Autohome (NYSE:ATHM) Stock: Insider Quan Long Sells 34,400 Shares

Key Points

• Director Quan Long sold 34,400 Autohome shares at an average price of $5.29, generating $181,976 and reducing his position by 16.35% to 175,984 shares.
• Autohome shares fell 1.7% to $20.90, with the stock trading between a 52-week range of $15.57 to $29.18 and a market capitalization of approximately $2.41 billion.
• Institutional investors own 63.08% of the company, while analyst sentiment remains cautious: five analysts rate the stock Hold and one rates it Sell, with a consensus target price of $17.77.

Autohome Inc. (NYSE:ATHM - Get Free Report) Director Quan Long sold 34,400 shares of the company's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total transaction of $181,976.00. Following the completion of the sale, the director directly owned 175,984 shares in the company, valued at $930,955.36. This trade represents a 16.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Autohome Stock Down 1.7%

Shares of ATHM traded down $0.35 during mid-day trading on Thursday, reaching $20.90. 287,577 shares of the company's stock were exchanged, compared to its average volume of 480,418. The company has a 50-day simple moving average of $22.04 and a two-hundred day simple moving average of $19.69. Autohome Inc. has a 52-week low of $15.57 and a 52-week high of $29.18. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 18.02 and a beta of 0.27.

Hedge Funds Weigh In On Autohome

Several large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in Autohome in the 2nd quarter valued at about $5,293,000. Oldfield Partners LLP lifted its holdings in shares of Autohome by 20.3% during the 2nd quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider's stock worth $948,000 after acquiring an additional 8,400 shares during the period. Bank of America Corp DE boosted 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 worth $6,337,000 after acquiring an additional 224,318 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Autohome by 35.2% in the first quarter. Royal Bank of Canada now owns 72,460 shares of the information services provider's stock worth $1,259,000 after acquiring an additional 18,871 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Autohome in the first quarter valued at approximately $184,000. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ATHM. Zacks Research raised Autohome from a "strong sell" rating to a "hold" rating in a report on Friday, August 7th. JPMorgan Chase & Co. decreased their price objective on Autohome from $20.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings upgraded Autohome from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, September 22nd. Wall Street Zen raised shares of Autohome from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd. Finally, Bank of America lowered shares of Autohome from a "neutral" rating to an "underperform" rating and set a $19.00 target price on the stock. in a 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price 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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