Autohome (NYSE:ATHM) Upgraded to Strong-Buy at Zacks Research

Autohome (NYSE:ATHM) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other analysts have also commented on ATHM. Weiss Ratings raised shares of Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. Bank of America cut shares of Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 target price for the company. in a research report on Tuesday, August 18th. Jefferies Financial Group reissued a “buy” rating and issued a $26.50 price target on shares of Autohome in a research note on Wednesday. Finally, Wall Street Zen raised Autohome from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.95.

Autohome Stock Down 1.3%

Shares of ATHM stock opened at $20.09 on Tuesday. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 17.31 and a beta of 0.27. Autohome has a 12 month low of $15.57 and a 12 month high of $28.12. The stock has a 50-day moving average price of $21.65 and a 200 day moving average price of $19.85.

Insiders Place Their Bets

In other news, Director Quan Long sold 34,400 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 $181,976.00. Following the completion of the transaction, the director directly owned 175,984 shares in the company, valued at approximately $930,955.36. The trade was a 16.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig Yan Zeng sold 9,316 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 value of $49,281.64. Following the completion of the sale, the chief financial officer directly owned 160,624 shares of the company’s stock, valued at approximately $849,700.96. This trade represents a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 49,304 shares of company stock worth $260,818. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC grew 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 during the period. OMERS ADMINISTRATION Corp bought a new stake in Autohome in the first quarter valued at approximately $184,000. Y Intercept Hong Kong Ltd bought a new stake in Autohome in the first quarter valued at approximately $834,000. Oldfield Partners LLP increased its stake in Autohome by 20.3% in the second quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider’s stock valued at $948,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Autohome in the first quarter worth $1,014,000. Institutional investors own 63.08% of the company’s stock.

Autohome Company Profile

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.