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

Several other analysts also recently issued reports on the stock. Benchmark Co. raised shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Thursday, August 10th. Deutsche Bank AG upgraded shares of Autohome from a “hold” rating to a “buy” rating and upped their target price for the company from $36.00 to $65.00 in a research note on Thursday, August 10th. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, UBS AG cut shares of Autohome from a “neutral” rating to a “sell” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $56.50.

Shares of Autohome (ATHM) traded up 0.89% during trading on Friday, hitting $65.83. 1,409,510 shares of the stock were exchanged. Autohome has a 12-month low of $22.07 and a 12-month high of $67.69. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 34.65 and a beta of 2.19. The stock’s 50 day moving average is $60.06 and its 200-day moving average is $44.14.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.14. The firm had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Equities research analysts anticipate that Autohome will post $2.52 EPS for the current year.

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Several hedge funds have recently made changes to their positions in ATHM. Vontobel Asset Management Inc. raised its stake in shares of Autohome by 2,290.1% in the 2nd quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock valued at $206,105,000 after buying an additional 4,283,910 shares in the last quarter. BlackRock Inc. increased its position in shares of Autohome by 1,380.8% during the 2nd quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after purchasing an additional 4,171,817 shares in the last quarter. Select Equity Group L.P. increased its position in shares of Autohome by 79.5% during the 4th quarter. Select Equity Group L.P. now owns 4,292,150 shares of the information services provider’s stock worth $149,882,000 after purchasing an additional 1,901,064 shares in the last quarter. Investec Asset Management LTD acquired a new stake in shares of Autohome during the 1st quarter worth about $52,283,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of Autohome during the 4th quarter worth about $40,810,000. Institutional investors own 40.15% of the company’s stock.

About Autohome

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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