Zacks Investment Research cut shares of Autohome Inc. (NYSE:ATHM) from a buy rating to a hold rating in a research 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. “

A number of other equities research analysts also recently weighed in on the company. Benchmark Co. upgraded Autohome from a hold rating to a buy rating and set a $65.00 target price for the company in a report on Thursday, August 10th. Deutsche Bank AG upgraded Autohome from a hold rating to a buy rating and lifted their target price for the stock from $36.00 to $65.00 in a report on Thursday, August 10th. ValuEngine downgraded Autohome from a buy rating to a hold rating in a report on Thursday, August 10th. Finally, UBS AG downgraded Autohome from a neutral rating to a sell rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $56.50.

Autohome (ATHM) opened at 66.35 on Friday. The company has a 50 day moving average price of $61.08 and a 200 day moving average price of $44.75. Autohome has a 12 month low of $22.07 and a 12 month high of $67.69. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 34.92 and a beta of 2.19.

Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.14. The business had revenue of $230.40 million during the quarter, compared to the consensus estimate of $209.49 million. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Analysts anticipate that Autohome will post $2.49 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale acquired a new stake in Autohome in the second quarter valued at approximately $517,000. NN Investment Partners Holdings N.V. acquired a new stake in Autohome in the second quarter valued at approximately $110,000. Alta Advisers Ltd acquired a new stake in Autohome in the second quarter valued at approximately $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Autohome in the second quarter valued at approximately $213,000. Finally, Acadian Asset Management LLC acquired a new stake in Autohome in the first quarter valued at approximately $154,000. 40.13% of the stock is owned by hedge funds and other institutional investors.

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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