Autohome (NYSE:ATHM) CTO Sells $29,560.52 in Stock

Autohome Inc. (NYSE:ATHM) CTO Bibo Xiang sold 5,588 shares of Autohome stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total transaction of $29,560.52. Following the sale, the chief technology officer owned 56,780 shares in the company, valued at approximately $300,366.20. The trade was a 8.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Autohome Stock Performance

ATHM stock opened at $20.56 on Friday. The company’s fifty day moving average price is $22.03 and its 200-day moving average price is $19.70. Autohome Inc. has a one year low of $15.57 and a one year high of $29.07. The company has a market capitalization of $2.37 billion, a PE ratio of 17.73 and a beta of 0.27.

Hedge Funds Weigh In On Autohome

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Autohome during the 2nd quarter valued at about $5,293,000. Oldfield Partners LLP grew its position in Autohome by 20.3% in the second quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider’s stock worth $948,000 after acquiring an additional 8,400 shares in the last quarter. Bank of America Corp DE increased its stake in 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 worth $6,337,000 after acquiring an additional 224,318 shares during the last quarter. Royal Bank of Canada increased its stake in Autohome by 35.2% during the first quarter. Royal Bank of Canada now owns 72,460 shares of the information services provider’s stock worth $1,259,000 after acquiring an additional 18,871 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Autohome during the first quarter valued at approximately $184,000. 63.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ATHM. Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Bank of America downgraded Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 target price on the stock. in a research report on Tuesday, August 18th. Weiss Ratings raised Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. Finally, Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $17.77.

About Autohome

Autohome Inc (NYSE: ATHM) operates an online platform serving automobile consumers and industry participants in China. The company provides automotive news, reviews, buying guides, videos and other user-generated or professionally produced content designed to help consumers research vehicles and make purchasing decisions.

Through its websites and mobile applications, including Autohome and Che168, the company offers vehicle search and comparison tools, pricing information, listings for new and used vehicles, dealer information and online communities.