Autohome (NYSE:ATHM) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Autohome (NYSE:ATHM) from a buy rating to a hold rating in a research note published on Friday morning.

Separately, The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.00.

Autohome Price Performance

ATHM stock opened at $28.67 on Friday. The firm’s fifty day simple moving average is $27.55 and its 200-day simple moving average is $27.88. The company has a market capitalization of $3.47 billion, a P/E ratio of 15.49 and a beta of 0.18. Autohome has a 12 month low of $21.89 and a 12 month high of $34.70.

Autohome (NYSE:ATHM) last released its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. Autohome had a net margin of 23.02% and a return on equity of 7.79%. The business had revenue of $244.33 million for the quarter, compared to the consensus estimate of $243.26 million. As a group, sell-side analysts forecast that Autohome will post 1.84 earnings per share for the current year.

Institutional Trading of Autohome

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in Autohome during the third quarter valued at $6,663,000. Jane Street Group LLC purchased a new position in Autohome during the third quarter valued at $784,000. Vontobel Holding Ltd. lifted its holdings in Autohome by 27.4% during the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock valued at $222,000 after purchasing an additional 1,841 shares in the last quarter. Bank of Montreal Can lifted its holdings in Autohome by 33.8% during the third quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider’s stock valued at $3,484,000 after purchasing an additional 26,657 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Autohome by 78.1% during the third quarter. JPMorgan Chase & Co. now owns 154,988 shares of the information services provider’s stock valued at $5,056,000 after purchasing an additional 67,957 shares in the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.