Autohome (NYSE:ATHM) reached a new 52-week high and low during trading on Tuesday . The company traded as low as $98.48 and last traded at $96.75, with a volume of 207526 shares trading hands. The stock had previously closed at $96.47.
A number of equities research analysts recently commented on the company. ValuEngine raised Autohome from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Zacks Investment Research raised Autohome from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Monday, March 12th. Finally, Citigroup assumed coverage on Autohome in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $83.00 price target for the company. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $73.97.
The stock has a market cap of $11,167.52, a P/E ratio of 37.71, a price-to-earnings-growth ratio of 0.83 and a beta of 2.12.
Several institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of Autohome by 60.6% during the 4th quarter. Acadian Asset Management LLC now owns 2,075,707 shares of the information services provider’s stock valued at $134,234,000 after purchasing an additional 782,868 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Autohome by 101.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,465,144 shares of the information services provider’s stock valued at $76,836,000 after purchasing an additional 737,336 shares during the last quarter. Karst Peak Capital Ltd purchased a new stake in shares of Autohome during the 4th quarter valued at $69,231,000. Arrowstreet Capital Limited Partnership increased its position in shares of Autohome by 231.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,785 shares of the information services provider’s stock valued at $48,230,000 after purchasing an additional 520,685 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Autohome by 53.2% during the 4th quarter. Renaissance Technologies LLC now owns 646,200 shares of the information services provider’s stock valued at $41,790,000 after purchasing an additional 224,400 shares during the last quarter. 40.81% of the stock is owned by hedge funds and other institutional investors.
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, include automobile-related articles and reviews, pricing trends in various local markets, and photos and video clips; automobile library, which includes a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other unique features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user forums and user generated content.
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