Zacks Investment Research cut shares of Autohome Inc. (NYSE:ATHM) from a buy rating to a hold rating in a report issued on Friday, July 7th.
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 analysts have also issued reports on the stock. HSBC Holdings plc reiterated a buy rating and set a $45.00 price target (up previously from $36.00) on shares of Autohome in a research report on Monday, May 15th. Benchmark Co. began coverage on shares of Autohome in a research report on Tuesday, April 18th. They set a hold rating on the stock. Finally, UBS AG downgraded shares of Autohome from a neutral rating to a sell rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Autohome currently has a consensus rating of Hold and an average target price of $39.25.
Shares of Autohome (ATHM) traded down 1.30% during mid-day trading on Friday, hitting $47.82. The stock had a trading volume of 636,483 shares. The firm has a 50 day moving average of $46.40 and a 200 day moving average of $37.70. Autohome has a one year low of $21.42 and a one year high of $49.59. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 28.69 and a beta of 2.25.
Autohome (NYSE:ATHM) last posted its quarterly earnings results on Wednesday, May 10th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.12. The business had revenue of $195.90 million for the quarter, compared to analyst estimates of $189.69 million. Autohome had a net margin of 21.10% and a return on equity of 21.42%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. On average, analysts forecast that Autohome will post $2.10 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. purchased a new stake in shares of Autohome during the second quarter valued at about $110,000. Acadian Asset Management LLC purchased a new stake in shares of Autohome during the first quarter valued at about $154,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Autohome during the second quarter valued at about $213,000. RGT Capital Management Ltd. purchased a new stake in shares of Autohome during the first quarter valued at about $245,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Autohome during the first quarter valued at about $272,000. 34.30% of the stock is 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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