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

Shares of Autohome Inc. (NYSE:ATHM) have been given an average recommendation of “Reduce” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $17.7667.

A number of research firms have weighed in on ATHM. Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. HSBC cut shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target on the stock. in a report on Thursday, May 14th. JPMorgan Chase & Co. reduced their price target on shares of Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Autohome in a report on Friday, July 17th.

Autohome Stock Performance

Shares of NYSE ATHM opened at $22.85 on Friday. Autohome has a fifty-two week low of $15.57 and a fifty-two week high of $29.92. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 19.70 and a beta of 0.23. The business’s 50 day moving average price is $21.26 and its 200-day moving average price is $19.46.

Hedge Funds Weigh In On Autohome

Institutional investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd raised its stake in shares of Autohome by 42.2% during the second quarter. Qube Research & Technologies Ltd now owns 185,882 shares of the information services provider’s stock valued at $4,794,000 after acquiring an additional 55,167 shares in the last quarter. Sei Investments Co. grew its stake in Autohome by 0.4% in the second quarter. Sei Investments Co. now owns 338,720 shares of the information services provider’s stock worth $8,736,000 after purchasing an additional 1,197 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Autohome by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock worth $236,000 after purchasing an additional 438 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Autohome in the second quarter worth approximately $1,086,000. Finally, Raymond James Financial Inc. purchased a new position in Autohome during the 2nd quarter worth $29,000. 63.08% of the stock is owned by hedge funds and other institutional investors.

Autohome Company Profile

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.