StockNews.com upgraded shares of Autohome (NYSE:ATHM - Free Report) from a hold rating to a buy rating in a research report released on Tuesday.
ATHM has been the subject of a number of other reports. CLSA downgraded Autohome from an "outperform" rating to a "hold" rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised Autohome to a "hold" rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.
View Our Latest Stock Report on ATHM
Autohome Price Performance
ATHM traded up $0.58 during trading hours on Tuesday, reaching $30.19. The company's stock had a trading volume of 610,497 shares, compared to its average volume of 449,553. Autohome has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The stock has a market cap of $3.66 billion, a PE ratio of 15.02 and a beta of 0.18. The business's 50-day moving average is $27.16 and its 200-day moving average is $27.50.
Institutional Investors Weigh In On Autohome
A number of institutional investors have recently modified their holdings of ATHM. Invesco Ltd. grew its stake in shares of Autohome by 7.0% in the fourth quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider's stock worth $165,776,000 after acquiring an additional 415,515 shares in the last quarter. M&G PLC raised its position in Autohome by 9.6% in the 3rd quarter. M&G PLC now owns 3,384,865 shares of the information services provider's stock valued at $111,701,000 after purchasing an additional 296,107 shares in the last quarter. Krane Funds Advisors LLC raised its position in Autohome by 7.2% in the 4th quarter. Krane Funds Advisors LLC now owns 2,852,716 shares of the information services provider's stock valued at $74,028,000 after purchasing an additional 191,845 shares in the last quarter. Vanguard Group Inc. raised its position in Autohome by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 2,475,258 shares of the information services provider's stock valued at $64,233,000 after purchasing an additional 130,983 shares in the last quarter. Finally, North of South Capital LLP raised its position in Autohome by 16.3% in the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider's stock valued at $51,001,000 after purchasing an additional 274,974 shares in the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.
Autohome Company Profile
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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.
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