Autohome (NYSE:ATHM) Raised to “Hold” at Zacks Investment Research

Autohome (NYSE:ATHM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

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 have also issued reports on the company. Benchmark lowered Autohome from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Macquarie set a $105.00 target price on Autohome and gave the stock a “buy” rating in a research note on Thursday, July 4th. CLSA set a $120.00 target price on Autohome and gave the stock a “buy” rating in a research note on Monday, June 24th. Sanford C. Bernstein began coverage on Autohome in a research note on Thursday, June 27th. They issued an “outperform” rating and a $110.00 target price for the company. Finally, JPMorgan Chase & Co. set a $75.00 target price on Autohome and gave the stock a “hold” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $103.51.



ATHM traded down $2.76 during midday trading on Tuesday, hitting $90.90. The stock had a trading volume of 857,755 shares, compared to its average volume of 931,104. The company has a market cap of $10.84 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.40. The business has a fifty day moving average of $86.13 and a 200 day moving average of $92.47. Autohome has a 1 year low of $61.43 and a 1 year high of $117.99.

Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 7th. The information services provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.01. The business had revenue of $336.30 million during the quarter, compared to analyst estimates of $331.00 million. Autohome had a return on equity of 29.47% and a net margin of 39.33%. Autohome’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, research analysts expect that Autohome will post 3.97 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Autohome by 0.4% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,400 shares of the information services provider’s stock valued at $2,880,000 after purchasing an additional 100 shares during the last quarter. WINTON GROUP Ltd lifted its position in Autohome by 4.6% in the second quarter. WINTON GROUP Ltd now owns 2,981 shares of the information services provider’s stock valued at $255,000 after purchasing an additional 130 shares during the last quarter. O Shares Investment Advisers LLC lifted its position in Autohome by 3.8% in the first quarter. O Shares Investment Advisers LLC now owns 4,753 shares of the information services provider’s stock valued at $500,000 after purchasing an additional 173 shares during the last quarter. SevenBridge Financial Group LLC raised its holdings in shares of Autohome by 26.3% during the second quarter. SevenBridge Financial Group LLC now owns 1,192 shares of the information services provider’s stock valued at $102,000 after acquiring an additional 248 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Autohome by 75.3% during the second quarter. Assetmark Inc. now owns 829 shares of the information services provider’s stock valued at $71,000 after acquiring an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 54.16% of the company’s stock.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

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