Autohome Inc. (ATHM) Lowered to “Hold” at 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 to clients and investors 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. “

Several other brokerages also recently weighed in on ATHM. UBS AG downgraded shares of Autohome from a “neutral” rating to a “sell” rating in a report on Friday, June 2nd. Deutsche Bank AG raised shares of Autohome from a “hold” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $65.00 in a report on Thursday, August 10th. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Benchmark Co. upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Autohome presently has an average rating of “Hold” and a consensus price target of $56.50.

Shares of Autohome (ATHM) traded up 1.71% on Friday, hitting $64.17. 713,053 shares of the stock traded hands. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 33.40 and a beta of 2.19. The stock has a 50 day moving average price of $61.59 and a 200-day moving average price of $44.99. Autohome has a 52 week low of $22.07 and a 52 week high of $67.69.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.14. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The business had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts forecast that Autohome will post $2.48 EPS for the current year.

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Hedge funds have recently bought and sold shares of the business. Andra AP fonden purchased a new stake in shares of Autohome during the second quarter valued at $2,477,000. Bank of Montreal Can boosted its stake in shares of Autohome by 520.9% during the second quarter. Bank of Montreal Can now owns 35,607 shares of the information services provider’s stock valued at $1,615,000 after purchasing an additional 29,872 shares during the period. Origin Asset Management LLP purchased a new stake in shares of Autohome during the first quarter valued at $7,526,000. Renaissance Technologies LLC boosted its stake in shares of Autohome by 91.7% during the first quarter. Renaissance Technologies LLC now owns 247,100 shares of the information services provider’s stock valued at $7,850,000 after purchasing an additional 118,200 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Autohome during the second quarter valued at $110,000. Institutional investors and hedge funds own 40.13% of the company’s stock.

Autohome Company Profile

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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