Autohome (NYSE:ATHM) Stock: Insider Bibo Xiang Sells 5,588 Shares

Autohome Inc. (NYSE:ATHM) CTO Bibo Xiang sold 5,588 shares of Autohome stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total value of $29,560.52. Following the transaction, the chief technology officer directly owned 56,780 shares of the company’s stock, valued at approximately $300,366.20. The trade was a 8.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Autohome Stock Performance

Shares of NYSE:ATHM traded down $0.35 on Thursday, hitting $20.90. The stock had a trading volume of 287,577 shares, compared to its average volume of 480,418. Autohome Inc. has a twelve month low of $15.57 and a twelve month high of $29.18. The firm’s 50 day moving average price is $22.04 and its 200-day moving average price is $19.69. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 18.02 and a beta of 0.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in Autohome by 119.4% during the 1st quarter. Parallel Advisors LLC now owns 5,256 shares of the information services provider’s stock worth $91,000 after acquiring an additional 2,860 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Autohome in the fourth quarter worth about $172,000. OMERS ADMINISTRATION Corp bought a new position in shares of Autohome in the first quarter worth about $184,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Autohome by 4.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 40,169 shares of the information services provider’s stock worth $894,000 after purchasing an additional 1,751 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Autohome during the first quarter worth approximately $834,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Autohome from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. Bank of America lowered shares of Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price objective for the company. in a report on Tuesday, August 18th. Wall Street Zen upgraded shares of Autohome from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings raised Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. Finally, Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $17.77.

Autohome Company Profile

Autohome Inc (NYSE: ATHM) operates an online platform serving automobile consumers and industry participants in China. The company provides automotive news, reviews, buying guides, videos and other user-generated or professionally produced content designed to help consumers research vehicles and make purchasing decisions.

Through its websites and mobile applications, including Autohome and Che168, the company offers vehicle search and comparison tools, pricing information, listings for new and used vehicles, dealer information and online communities.