Zacks Investment Research upgraded shares of Autohome (NYSE:ATHM) from a hold rating to a buy rating in a research report released on Thursday. The brokerage currently has $69.00 price target on the information services provider’s stock.
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. “
Other equities analysts have also issued reports about the stock. Benchmark boosted their target price on shares of Autohome from $65.00 to $76.00 and gave the company a buy rating in a report on Wednesday, November 8th. BidaskClub lowered shares of Autohome from a strong-buy rating to a buy rating in a report on Saturday, September 30th. Credit Suisse Group started coverage on shares of Autohome in a report on Tuesday, October 3rd. They issued an outperform rating and a $70.80 target price on the stock. Finally, 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 report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $66.16.
Shares of Autohome (ATHM) traded down $2.53 during midday trading on Thursday, reaching $58.92. 613,900 shares of the company traded hands, compared to its average volume of 997,107. Autohome has a one year low of $24.71 and a one year high of $67.69. The stock has a market cap of $7,261.07, a PE ratio of 29.69, a PEG ratio of 1.52 and a beta of 2.06.
The company also recently announced a special dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, January 3rd.
A number of large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new position in shares of Autohome in the 3rd quarter worth approximately $1,152,000. Janus Henderson Group PLC lifted its holdings in shares of Autohome by 21.8% in the 3rd quarter. Janus Henderson Group PLC now owns 437,329 shares of the information services provider’s stock worth $26,273,000 after acquiring an additional 78,300 shares during the last quarter. Caxton Associates LP acquired a new position in shares of Autohome in the 3rd quarter worth approximately $300,000. Jane Street Group LLC lifted its holdings in shares of Autohome by 37.5% in the 3rd quarter. Jane Street Group LLC now owns 24,445 shares of the information services provider’s stock worth $1,469,000 after acquiring an additional 6,664 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Autohome in the 3rd quarter worth approximately $811,000. Institutional investors own 38.84% 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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