Brokerages Set Autohome Inc. (NYSE:ATHM) Price Target at $17.77

Shares of Autohome Inc. (NYSE:ATHM) have received a consensus recommendation of “Reduce” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $17.7667.

A number of brokerages recently weighed in on ATHM. Wall Street Zen raised shares of Autohome from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. JPMorgan Chase & Co. cut their price objective on Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Autohome in a research note on Friday, July 17th. Bank of America downgraded 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. Finally, Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th.

Institutional Trading of Autohome

Several large investors have recently bought and sold shares of ATHM. First Trust Advisors LP acquired a new position in Autohome in the 1st quarter worth $5,714,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Autohome during the second quarter valued at about $5,293,000. Bank of America Corp DE grew its stake in shares of Autohome by 159.7% during 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 acquiring an additional 224,318 shares in the last quarter. ABN Amro Investment Solutions increased its position in shares of Autohome by 265.8% during the fourth quarter. ABN Amro Investment Solutions now owns 208,749 shares of the information services provider’s stock worth $4,647,000 after acquiring an additional 151,690 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Autohome during the first quarter worth about $2,418,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Stock Performance

NYSE ATHM opened at $20.99 on Wednesday. Autohome has a one year low of $15.57 and a one year high of $29.71. The company’s 50 day moving average price is $22.05 and its 200 day moving average price is $19.55. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 18.09 and a beta of 0.23.

About Autohome

Autohome Inc is a China-based online platform focused on the automotive industry. The company provides automotive content and information, including vehicle specifications, reviews, news, comparisons, pricing information and user-generated discussions designed to help consumers research and purchase vehicles.

Autohome also operates digital marketplaces and online services that connect consumers with automakers, dealers and other automotive businesses. Its offerings support new-vehicle and used-vehicle transactions, advertising, sales leads, dealer marketing, data services and other technology solutions for automotive industry participants.

Founded in 2008, Autohome primarily serves consumers and automotive businesses in China through websites, mobile applications and related digital platforms.