Zacks Investment Research downgraded shares of Autohome Inc. (NYSE:ATHM) from a buy rating to a hold rating in a research report released 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 research analysts have also commented on the stock. UBS AG lowered shares of Autohome from a neutral rating to a sell rating in a research note on Friday, June 2nd. Benchmark Co. began coverage on shares of Autohome in a research note on Tuesday, April 18th. They set a hold rating for the company. Finally, HSBC Holdings plc reissued a buy rating and set a $45.00 target price (up previously from $36.00) on shares of Autohome in a research report on Monday, May 15th. 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. Autohome has a consensus rating of Hold and an average target price of $39.25.
Shares of Autohome (NYSE ATHM) opened at 48.71 on Friday. The stock has a market cap of $5.63 billion, a PE ratio of 29.22 and a beta of 2.23. Autohome has a one year low of $21.21 and a one year high of $49.59. The firm has a 50-day moving average of $46.16 and a 200-day moving average of $37.30.
Autohome (NYSE:ATHM) last posted its quarterly earnings results on Wednesday, May 10th. The information services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.29 by $0.12. Autohome had a net margin of 21.10% and a return on equity of 21.42%. The business had revenue of $195.90 million during the quarter, compared to analyst estimates of $189.69 million. During the same quarter in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities research analysts expect that Autohome will post $2.10 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in Autohome by 0.8% in the first quarter. US Bancorp DE now owns 48,226 shares of the information services provider’s stock valued at $1,532,000 after buying an additional 386 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of Autohome during the second quarter worth about $110,000. Acadian Asset Management LLC purchased a new stake in shares of Autohome during the first quarter worth about $154,000. Vontobel Asset Management Inc. increased its stake in shares of Autohome by 3.2% in the first quarter. Vontobel Asset Management Inc. now owns 187,064 shares of the information services provider’s stock worth $5,945,000 after buying an additional 5,879 shares during the period. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Autohome during the second quarter worth about $277,000. 34.30% of the stock is currently owned by institutional investors and hedge funds.
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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