Analysts Set Autohome Inc (ATHM) Target Price at $68.96

Autohome Inc (NYSE:ATHM) has been given an average rating of “Buy” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $68.96.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Autohome from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Benchmark lifted their price objective on shares of Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank lifted their price objective on shares of Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Citigroup assumed coverage on shares of Autohome in a report on Tuesday, January 2nd. They issued a “buy” rating and a $83.00 price objective for the company. Finally, BidaskClub raised shares of Autohome from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th.

A number of institutional investors have recently added to or reduced their stakes in ATHM. Advisor Group Inc. boosted its holdings in shares of Autohome by 100.4% during the third quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock valued at $110,000 after acquiring an additional 915 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Autohome by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 85,912 shares of the information services provider’s stock valued at $5,520,000 after acquiring an additional 1,354 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Autohome by 176.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 3,530 shares of the information services provider’s stock valued at $1,027,000 after acquiring an additional 2,251 shares during the period. Telemus Capital LLC boosted its holdings in shares of Autohome by 52.2% during the fourth quarter. Telemus Capital LLC now owns 7,611 shares of the information services provider’s stock valued at $492,000 after acquiring an additional 2,611 shares during the period. Finally, Caxton Associates LP boosted its holdings in shares of Autohome by 53.1% during the fourth quarter. Caxton Associates LP now owns 7,656 shares of the information services provider’s stock valued at $490,000 after acquiring an additional 2,656 shares during the period. 39.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Autohome (ATHM) traded down $2.27 during trading hours on Wednesday, hitting $82.59. 501,099 shares of the company were exchanged, compared to its average volume of 840,921. The company has a market capitalization of $10,043.80, a price-to-earnings ratio of 39.90 and a beta of 2.28. Autohome has a fifty-two week low of $28.63 and a fifty-two week high of $86.86.

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About Autohome

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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