Autohome (NYSE:ATHM) Stock Rating Lowered by StockNews.com

Autohome (NYSE:ATHM) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also recently commented on ATHM. Benchmark cut Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Hsbc Global Res raised Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Autohome has a consensus rating of “Hold” and an average price target of $28.00.

Autohome Stock Down 2.5 %

ATHM stock traded down $0.70 during midday trading on Tuesday, hitting $27.24. The company’s stock had a trading volume of 308,205 shares, compared to its average volume of 473,126. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 13.55 and a beta of 0.18. Autohome has a 1 year low of $21.89 and a 1 year high of $34.70. The stock’s 50-day moving average price is $29.71 and its 200 day moving average price is $27.59.

Autohome declared that its board has initiated a stock buyback plan on Wednesday, September 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Autohome

Several large investors have recently modified their holdings of the company. AQR Capital Management LLC purchased a new stake in Autohome in the second quarter worth about $22,501,000. Acadian Asset Management LLC increased its stake in Autohome by 14.7% in the 2nd quarter. Acadian Asset Management LLC now owns 4,440,462 shares of the information services provider’s stock worth $121,859,000 after buying an additional 568,474 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Autohome by 106.2% in the third quarter. Assenagon Asset Management S.A. now owns 683,144 shares of the information services provider’s stock worth $22,284,000 after acquiring an additional 351,789 shares during the period. M&G PLC grew its position in shares of Autohome by 9.6% during the third quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock worth $111,701,000 after purchasing an additional 296,107 shares in the last quarter. Finally, Krane Funds Advisors LLC lifted its holdings in Autohome by 10.7% in the 2nd quarter. Krane Funds Advisors LLC now owns 2,816,972 shares of the information services provider’s stock worth $77,326,000 after purchasing an additional 272,092 shares in the last quarter. 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.