Autohome (NYSE:ATHM) Upgraded at StockNews.com

StockNews.com upgraded shares of Autohome (NYSE:ATHM) from a hold rating to a buy rating in a report published on Tuesday.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research note on Wednesday, December 11th. CLSA cut Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Autohome has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Autohome Stock Up 3.8 %

NYSE:ATHM opened at $29.67 on Tuesday. The stock’s fifty day moving average is $27.09 and its two-hundred day moving average is $27.44. Autohome has a 52 week low of $21.89 and a 52 week high of $34.70. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 14.76 and a beta of 0.18.

Institutional Trading of Autohome

Hedge funds have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd increased its holdings in Autohome by 1.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock valued at $1,238,000 after buying an additional 394 shares during the last quarter. Rhumbline Advisers increased its holdings in Autohome by 3.1% in the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock valued at $357,000 after buying an additional 420 shares during the last quarter. Ritholtz Wealth Management increased its holdings in Autohome by 8.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock valued at $270,000 after buying an additional 778 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in Autohome by 27.4% in the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock valued at $222,000 after buying an additional 1,841 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Autohome by 31.2% in the third quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock valued at $304,000 after buying an additional 2,212 shares during the last quarter. 63.08% of the stock is currently owned by institutional investors and hedge funds.

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.