Autohome Inc (ATHM) Raised to “Hold” at Zacks Investment Research
Autohome Inc (NYSE:ATHM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
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. “
ATHM has been the subject of several other research reports. Brean Capital reiterated a “buy” rating on shares of Autohome in a report on Tuesday, June 21st. JPMorgan Chase & Co. began coverage on Autohome in a report on Wednesday, August 31st. They issued a “neutral” rating and a $25.00 price objective for the company. Credit Suisse Group AG cut Autohome from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $31.50 to $18.00 in a report on Tuesday, June 28th. Finally, Credit Agricole SA raised Autohome from an “underperform” rating to a “buy” rating in a research report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.06.
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Autohome (NYSE:ATHM) traded up 1.52% on Tuesday, reaching $24.04. The company’s stock had a trading volume of 374,314 shares. The stock has a market cap of $2.73 billion, a PE ratio of 16.73 and a beta of 2.11. The company’s 50 day moving average price is $24.05 and its 200-day moving average price is $25.32. Autohome has a 12-month low of $19.32 and a 12-month high of $37.73.
Autohome (NYSE:ATHM) last released its quarterly earnings data on Tuesday, August 16th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The business earned $207.40 million during the quarter, compared to analysts’ expectations of $207.38 million. During the same quarter last year, the business posted $0.45 EPS. The company’s quarterly revenue was up 49.3% compared to the same quarter last year. On average, equities analysts expect that Autohome will post $1.72 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC raised its position in Autohome by 212.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 26,930 shares of the company’s stock worth $751,000 after buying an additional 18,320 shares during the period. Ngam Advisors L.P. raised its position in Autohome by 138.9% in the first quarter. Ngam Advisors L.P. now owns 55,359 shares of the company’s stock worth $1,547,000 after buying an additional 32,186 shares during the period. Contrarius Investment Management Ltd raised its position in Autohome by 6.8% in the first quarter. Contrarius Investment Management Ltd now owns 765,928 shares of the company’s stock worth $21,400,000 after buying an additional 48,778 shares during the period. Greenwoods Asset Management Ltd raised its position in Autohome by 126.3% in the first quarter. Greenwoods Asset Management Ltd now owns 1,290,000 shares of the company’s stock worth $36,043,000 after buying an additional 720,000 shares during the period. Finally, Serenity Capital Management Ltd raised its position in Autohome by 200.7% in the first quarter. Serenity Capital Management Ltd now owns 426,965 shares of the company’s stock worth $11,929,000 after buying an additional 284,965 shares during the period.
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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