Autohome Inc. (ATHM) Downgraded by Zacks Investment Research

Autohome Inc. (NYSE:ATHM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday, September 15th.

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. “

Other equities research analysts also recently issued reports about the company. Benchmark Co. raised Autohome from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Thursday, August 10th. Deutsche Bank AG raised Autohome from a “hold” rating to a “buy” rating and increased their price objective for the company from $36.00 to $65.00 in a report on Thursday, August 10th. ValuEngine downgraded Autohome from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, UBS AG cut Autohome from a “neutral” rating to a “sell” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $56.50.

Shares of Autohome (NYSE:ATHM) traded up 1.71% during trading on Friday, reaching $64.17. 739,295 shares of the company were exchanged. The stock’s 50 day moving average is $61.59 and its 200 day moving average is $44.99. Autohome has a 1-year low of $22.07 and a 1-year high of $67.69. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 33.03 and a beta of 2.19.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.14. The business had revenue of $230.40 million during the quarter, compared to the consensus estimate of $209.49 million. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. Equities analysts anticipate that Autohome will post $2.48 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in ATHM. Vontobel Asset Management Inc. raised its position in Autohome by 2,290.1% in the second quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock worth $206,105,000 after acquiring an additional 4,283,910 shares in the last quarter. BlackRock Inc. raised its position in Autohome by 1,380.8% in the second quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after acquiring an additional 4,171,817 shares in the last quarter. Investec Asset Management LTD purchased a new position in Autohome in the first quarter worth $52,283,000. Comgest Global Investors S.A.S. raised its position in Autohome by 969.5% in the second quarter. Comgest Global Investors S.A.S. now owns 1,286,647 shares of the information services provider’s stock worth $58,362,000 after acquiring an additional 1,166,347 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in Autohome in the first quarter worth $23,900,000. Hedge funds and other institutional investors own 40.13% of the company’s stock.

About Autohome

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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