Zacks Investment Research downgraded shares of Autohome Inc. (NYSE:ATHM) from a buy rating to a hold rating in a research note issued to investors 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. “
Other equities research analysts have also issued reports about the stock. HSBC Holdings plc restated a buy rating and set a $45.00 price objective (up from $36.00) on shares of Autohome in a report on Monday, May 15th. Benchmark Co. started coverage on shares of Autohome in a report on Tuesday, April 18th. They set a hold rating on the stock. Finally, UBS AG lowered shares of Autohome from a neutral rating to a sell rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $39.25.
Shares of Autohome (NYSE:ATHM) traded up 0.68% during mid-day trading on Friday, reaching $49.01. 595,918 shares of the company’s stock traded hands. The company’s 50 day moving average is $46.40 and its 200-day moving average is $37.70. Autohome has a 52 week low of $21.21 and a 52 week high of $49.59. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 32.24 and a beta of 2.23.
Autohome (NYSE:ATHM) last issued its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $189.69 million. During the same period last year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. Equities analysts expect that Autohome will post $2.10 earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of ATHM. NN Investment Partners Holdings N.V. acquired a new stake in shares of Autohome during the second quarter valued at about $110,000. Acadian Asset Management LLC acquired a new stake in shares of Autohome during the first quarter valued at about $154,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Autohome during the second quarter valued at about $277,000. Aperio Group LLC acquired a new stake in shares of Autohome during the second quarter valued at about $290,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Autohome during the second quarter valued at about $304,000. Hedge funds and other institutional investors own 34.30% 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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