Autohome (NYSE:ATHM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “

Several other research firms have also weighed in on ATHM. Benchmark boosted their target price on shares of Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Deutsche Bank boosted their target price on shares of Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Citigroup assumed coverage on shares of Autohome in a research note on Tuesday, January 2nd. They set a “buy” rating and a $83.00 target price for the company. Finally, BidaskClub upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.97.

Shares of Autohome (ATHM) opened at $80.73 on Monday. Autohome has a 12 month low of $28.63 and a 12 month high of $86.86. The firm has a market cap of $9,310.00, a price-to-earnings ratio of 34.95 and a beta of 2.28.

Several institutional investors have recently added to or reduced their stakes in ATHM. Acadian Asset Management LLC grew its position in shares of Autohome by 60.6% during the fourth quarter. Acadian Asset Management LLC now owns 2,075,707 shares of the information services provider’s stock worth $134,234,000 after acquiring an additional 782,868 shares during the last quarter. State Street Corp grew its position in shares of Autohome by 1,384.9% during the second quarter. State Street Corp now owns 669,138 shares of the information services provider’s stock worth $30,354,000 after acquiring an additional 624,076 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Autohome by 231.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 745,785 shares of the information services provider’s stock worth $48,230,000 after acquiring an additional 520,685 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Autohome by 5.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,908,058 shares of the information services provider’s stock worth $475,116,000 after acquiring an additional 396,818 shares during the last quarter. Finally, Vanguard Group Inc. bought a new position in shares of Autohome during the second quarter worth about $16,274,000. Institutional investors and hedge funds own 39.91% of the company’s stock.

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Autohome Company Profile

Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.

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