JPMorgan Chase & Co. Downgrades Autohome (NYSE:ATHM) to Neutral

Autohome (NYSE:ATHM) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Wednesday, MarketBeat reports. They currently have a $28.00 price target on the information services provider’s stock, down from their prior price target of $36.00. JPMorgan Chase & Co.‘s price target indicates a potential upside of 11.71% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Autohome in a report on Wednesday, October 8th. Zacks Research downgraded Autohome from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Autohome presently has an average rating of “Reduce” and a consensus price target of $28.00.

Autohome Stock Down 1.6%

Shares of Autohome stock opened at $25.07 on Wednesday. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 14.74 and a beta of 0.09. The company’s 50 day moving average is $28.25 and its 200 day moving average is $27.17. Autohome has a twelve month low of $23.39 and a twelve month high of $32.70.

Hedge Funds Weigh In On Autohome

Institutional investors have recently bought and sold shares of the stock. Amundi raised its position in shares of Autohome by 8.5% during the 1st quarter. Amundi now owns 138,861 shares of the information services provider’s stock valued at $3,794,000 after purchasing an additional 10,890 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Autohome by 40.5% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 56,220 shares of the information services provider’s stock valued at $1,450,000 after purchasing an additional 16,212 shares during the period. Vontobel Holding Ltd. raised its position in shares of Autohome by 26.4% during the 1st quarter. Vontobel Holding Ltd. now owns 10,828 shares of the information services provider’s stock valued at $300,000 after purchasing an additional 2,264 shares during the period. Strs Ohio bought a new stake in Autohome during the first quarter valued at about $1,231,000. Finally, Northern Trust Corp raised its holdings in Autohome by 12.5% during the first quarter. Northern Trust Corp now owns 390,800 shares of the information services provider’s stock valued at $10,833,000 after acquiring an additional 43,300 shares during the period. 63.08% of the stock is owned by institutional investors.

Autohome Company Profile

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.