Autohome (NYSE:ATHM) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Autohome (NYSE:ATHM - Free Report) from a buy rating to a hold rating in a report issued on Monday.

Other equities analysts have also recently issued research reports about the company. CLSA cut Autohome from an "outperform" rating to a "hold" rating in a report on Thursday, October 24th. The Goldman Sachs Group upgraded Autohome to a "hold" rating in a research report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $28.00.

Autohome Stock Performance

NYSE ATHM traded down $0.02 during trading on Monday, hitting $27.39. The stock had a trading volume of 465,820 shares, compared to its average volume of 430,468. Autohome has a one year low of $21.89 and a one year high of $34.70. The stock has a 50 day simple moving average of $27.09 and a 200 day simple moving average of $27.33. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 13.62 and a beta of 0.18.

Hedge Funds Weigh In On Autohome

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Autohome in the third quarter worth about $6,663,000. Jane Street Group LLC purchased a new stake in shares of Autohome in the 3rd quarter worth approximately $784,000. Bank of Montreal Can lifted its position in shares of Autohome by 33.8% in the 3rd quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider's stock worth $3,484,000 after purchasing an additional 26,657 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Autohome by 78.1% during the third quarter. JPMorgan Chase & Co. now owns 154,988 shares of the information services provider's stock valued at $5,056,000 after purchasing an additional 67,957 shares in the last quarter. Finally, M&G PLC increased its holdings in Autohome by 9.6% during the third quarter. M&G PLC now owns 3,384,865 shares of the information services provider's stock valued at $111,701,000 after buying an additional 296,107 shares during the period. Hedge funds and other institutional investors own 63.08% of the company's stock.

About Autohome

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.