Autohome (NYSE:ATHM) Stock Rating Lowered by Benchmark

Autohome (NYSE:ATHM) was downgraded by stock analysts at Benchmark from a “buy” rating to a “hold” rating in a research report issued on Wednesday, MarketBeat.com reports.

Separately, Citigroup reiterated a “neutral” rating and issued a $28.00 price objective (down from $31.00) on shares of Autohome in a report on Friday, July 19th.

Autohome Price Performance

NYSE ATHM opened at $24.88 on Wednesday. The stock’s fifty day moving average is $27.41 and its two-hundred day moving average is $26.60. Autohome has a fifty-two week low of $23.81 and a fifty-two week high of $34.10.

Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Autohome had a net margin of 25.69% and a return on equity of 8.24%. The firm had revenue of $222.85 million for the quarter, compared to analysts’ expectations of $217.23 million. On average, research analysts anticipate that Autohome will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On Autohome

A number of institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in shares of Autohome by 78.2% in the 4th quarter. SG Americas Securities LLC now owns 27,481 shares of the information services provider’s stock valued at $771,000 after purchasing an additional 12,058 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in Autohome in the fourth quarter worth $220,000. Handelsbanken Fonder AB increased its holdings in shares of Autohome by 7.2% in the 4th quarter. Handelsbanken Fonder AB now owns 443,980 shares of the information services provider’s stock valued at $12,458,000 after purchasing an additional 29,846 shares in the last quarter. New York State Common Retirement Fund grew its position in Autohome by 58.2% during the fourth quarter. New York State Common Retirement Fund now owns 108,240 shares of the information services provider’s stock worth $3,037,000 after buying an additional 39,806 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Autohome by 23.9% in the 4th quarter. Russell Investments Group Ltd. now owns 738,975 shares of the information services provider’s stock worth $20,598,000 after acquiring an additional 142,413 shares during the period. 63.08% of the stock is owned by institutional investors and hedge funds.

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.