Autohome (NYSE:ATHM) Stock Breaks Below 200 Day Moving Average – What’s Next?

Autohome Inc. (NYSE:ATHM)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $20.08 and traded as low as $19.77. Autohome shares last traded at $19.95, with a volume of 389,944 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on ATHM shares. Bank of America cut Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price objective for the company. in a research report on Tuesday, August 18th. Zacks Research raised Autohome from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Wall Street Zen raised Autohome from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $26.50 price target on shares of Autohome in a report on Wednesday, October 14th. Finally, Weiss Ratings raised Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $19.95.

Autohome Stock Down 1.4%

The business has a fifty day simple moving average of $21.08 and a two-hundred day simple moving average of $20.08. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 17.20 and a beta of 0.27.

Insider Transactions at Autohome

In related news, CFO Craig Yan Zeng sold 9,316 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $5.29, for a total value of $49,281.64. Following the sale, the chief financial officer owned 160,624 shares of the company’s stock, valued at $849,700.96. The trade was a 5.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Quan Long sold 34,400 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total value of $181,976.00. Following the completion of the sale, the director owned 175,984 shares in the company, valued at $930,955.36. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 49,304 shares of company stock valued at $260,818. Corporate insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vest Financial LLC increased its position in shares of Autohome by 35.9% during the 3rd quarter. Vest Financial LLC now owns 71,514 shares of the information services provider’s stock worth $1,520,000 after purchasing an additional 18,891 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Autohome during the 3rd quarter valued at about $12,420,000. Public Employees Retirement System of Ohio acquired a new position in Autohome in the second quarter valued at about $5,293,000. Oldfield Partners LLP boosted its position in Autohome by 20.3% in the second quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider’s stock valued at $948,000 after buying an additional 8,400 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Autohome by 159.7% in the first quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider’s stock valued at $6,337,000 after buying an additional 224,318 shares in the last quarter. 63.08% of the stock is owned by institutional investors.

About Autohome

Autohome Inc (NYSE: ATHM) operates an online automotive platform serving consumers, automobile manufacturers, dealers and other industry participants primarily in China. Through its websites and mobile applications, the company provides information and digital tools to help users research vehicles, compare models, read reviews, explore pricing and connect with sellers.

The company’s services include automotive news and editorial content, vehicle specifications, user-generated discussions, professional evaluations, sales-lead generation and online marketing solutions.