Autohome (NYSE:ATHM) Stock Rating Upgraded by The Goldman Sachs Group

Autohome (NYSE:ATHM - Get Free Report) was upgraded by research analysts at The Goldman Sachs Group to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

ATHM has been the subject of several other research reports. StockNews.com cut Autohome from a "buy" rating to a "hold" rating in a report on Tuesday, November 19th. Hsbc Global Res upgraded Autohome to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, CLSA lowered shares of Autohome from an "outperform" rating to a "hold" rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $28.00.

Autohome Stock Down 0.3 %

Shares of Autohome stock traded down $0.07 during trading hours on Wednesday, reaching $27.93. 501,875 shares of the company's stock were exchanged, compared to its average volume of 477,474. The business has a fifty day moving average of $28.90 and a two-hundred day moving average of $27.54. The company has a market capitalization of $3.38 billion, a P/E ratio of 13.90 and a beta of 0.20. Autohome has a 1 year low of $21.89 and a 1 year high of $34.70.

Autohome announced that its Board of Directors has initiated a share repurchase program on Wednesday, September 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ATHM. Franklin Resources Inc. lifted its stake in Autohome by 7.4% during the third quarter. Franklin Resources Inc. now owns 41,448 shares of the information services provider's stock worth $1,342,000 after purchasing an additional 2,857 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Autohome by 16.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider's stock worth $505,000 after acquiring an additional 2,221 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Autohome by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 413,932 shares of the information services provider's stock valued at $13,395,000 after acquiring an additional 13,944 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Autohome in the 3rd quarter valued at about $6,663,000. Finally, XTX Topco Ltd grew its position in Autohome by 211.3% in the 3rd quarter. XTX Topco Ltd now owns 25,048 shares of the information services provider's stock valued at $817,000 after acquiring an additional 17,002 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company's stock.

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.