Autohome Inc. (NYSE:ATHM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

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 research analysts have also recently issued research reports about the stock. HSBC Holdings plc reaffirmed a “buy” rating and issued a $45.00 price objective (up previously from $36.00) on shares of Autohome in a report on Monday, May 15th. Benchmark Co. initiated coverage on shares of Autohome in a report on Tuesday, April 18th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Autohome presently has an average rating of “Hold” and a consensus target price of $37.00.

Shares of Autohome (NYSE:ATHM) traded up 0.11% during midday trading on Friday, reaching $45.97. 615,423 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $43.17 and its 200 day moving average is $34.34. Autohome has a one year low of $19.32 and a one year high of $46.60. The firm has a market cap of $5.31 billion, a PE ratio of 27.89 and a beta of 2.24.

Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.41 earnings per share for the quarter, beating 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 company had revenue of $195.90 million during the quarter, compared to analysts’ expectations of $189.69 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Analysts anticipate that Autohome will post $2.10 EPS for the current year.

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Several hedge funds have recently made changes to their positions in ATHM. Xact Kapitalforvaltning AB bought a new stake in shares of Autohome during the second quarter valued at about $277,000. Handelsbanken Fonder AB bought a new stake in shares of Autohome during the second quarter valued at about $9,253,000. Renaissance Technologies LLC raised its stake in shares of Autohome by 91.7% in the first quarter. Renaissance Technologies LLC now owns 247,100 shares of the information services provider’s stock valued at $7,850,000 after buying an additional 118,200 shares during the period. Koch Industries Inc. raised its stake in shares of Autohome by 85.8% in the first quarter. Koch Industries Inc. now owns 20,122 shares of the information services provider’s stock valued at $639,000 after buying an additional 9,292 shares during the period. Finally, RGT Capital Management Ltd. bought a new stake in shares of Autohome during the first quarter valued at about $245,000. Institutional investors and hedge funds own 29.91% 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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Analyst Recommendations for Autohome (NYSE:ATHM)

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