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

Autohome (NYSE:ATHM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

ATHM has been the subject of several other research reports. CLSA cut shares of Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. The Goldman Sachs Group raised Autohome to a “hold” rating in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.00.

Autohome Stock Performance

Shares of ATHM stock opened at $30.13 on Wednesday. Autohome has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The firm has a market capitalization of $3.65 billion, a PE ratio of 14.99 and a beta of 0.18. The stock’s 50-day simple moving average is $27.32 and its 200-day simple moving average is $27.67.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. Autohome had a net margin of 24.36% and a return on equity of 7.79%. Sell-side analysts forecast that Autohome will post 2.11 earnings per share for the current year.

Hedge Funds Weigh In On Autohome

Several large investors have recently made changes to their positions in the company. Vontobel Holding Ltd. purchased a new position in Autohome in the third quarter valued at $219,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Autohome during the 3rd quarter valued at about $228,000. Walleye Capital LLC purchased a new position in shares of Autohome in the 4th quarter valued at about $231,000. Headlands Technologies LLC raised its holdings in Autohome by 1,135.5% in the 4th quarter. Headlands Technologies LLC now owns 9,872 shares of the information services provider’s stock worth $256,000 after purchasing an additional 9,073 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in Autohome during the fourth quarter worth approximately $257,000. 63.08% of the stock is currently 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.