Zacks Investment Research lowered shares of Autohome Inc. (NYSE:ATHM) from a buy rating to a hold rating in a research report released on Friday.
According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “
Several other research analysts have also recently weighed in on ATHM. UBS AG cut shares of Autohome from a neutral rating to a sell rating in a report on Friday, June 2nd. ValuEngine cut shares of Autohome from a buy rating to a hold rating in a report on Thursday, August 10th. Deutsche Bank AG raised shares of Autohome from a hold rating to a buy rating and increased their price target for the company from $36.00 to $65.00 in a report on Thursday, August 10th. Finally, Benchmark Co. raised shares of Autohome from a hold rating to a buy rating and set a $65.00 price target on the stock in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Autohome has a consensus rating of Hold and an average target price of $56.50.
Autohome (ATHM) traded up 0.89% during midday trading on Friday, reaching $65.83. The company had a trading volume of 1,411,092 shares. Autohome has a one year low of $22.07 and a one year high of $67.69. The stock’s 50 day moving average price is $60.58 and its 200-day moving average price is $44.37. The firm has a market capitalization of $7.64 billion, a P/E ratio of 34.65 and a beta of 2.19.
Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.14. The company had revenue of $230.40 million for the quarter, compared to analysts’ expectations of $209.49 million. Autohome had a net margin of 23.17% and a return on equity of 22.64%. Autohome’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. On average, equities research analysts anticipate that Autohome will post $2.52 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in ATHM. Vontobel Asset Management Inc. raised its holdings in Autohome by 2,290.1% in the 2nd quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock valued at $206,105,000 after acquiring an additional 4,283,910 shares during the period. BlackRock Inc. raised its holdings in Autohome by 1,380.8% in the 2nd quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock valued at $202,938,000 after acquiring an additional 4,171,817 shares during the period. Investec Asset Management LTD bought a new position in Autohome in the 1st quarter valued at about $52,283,000. Comgest Global Investors S.A.S. raised its holdings in Autohome by 969.5% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 1,286,647 shares of the information services provider’s stock valued at $58,362,000 after acquiring an additional 1,166,347 shares during the period. Finally, William Blair Investment Management LLC bought a new position in Autohome in the 1st quarter valued at about $23,900,000. 40.15% of the stock is currently owned by hedge funds and other institutional investors.
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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