Autohome (NYSE:ATHM) Trading Down 2.8%

Autohome Inc. (NYSE:ATHM)’s stock price was down 2.8% during trading on Tuesday . The company traded as low as $57.62 and last traded at $57.84. Approximately 8,334 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 688,648 shares. The stock had previously closed at $59.53.

Several brokerages have recently weighed in on ATHM. Morgan Stanley lowered shares of Autohome from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a report on Wednesday. CLSA downgraded Autohome from an “outperform” rating to an “underperform” rating in a research note on Thursday, May 27th. Zacks Investment Research cut Autohome from a “buy” rating to a “hold” rating in a research note on Wednesday. Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a report on Friday, May 28th. Finally, Macquarie cut their target price on Autohome from $109.00 to $70.00 and set an “underperform” rating on the stock in a report on Wednesday, May 26th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $86.66.

The company has a market cap of $6.68 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.73 and a beta of 0.51. The stock has a fifty day simple moving average of $69.41.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, May 26th. The information services provider reported $6.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $5.13. Autohome had a net margin of 38.64% and a return on equity of 21.13%. The firm had revenue of $281.10 million for the quarter, compared to the consensus estimate of $284.94 million. During the same period in the previous year, the firm earned $0.76 EPS. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. On average, research analysts anticipate that Autohome Inc. will post 4.76 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in Autohome in the 1st quarter valued at about $5,875,000. JPMorgan Chase & Co. increased its position in shares of Autohome by 145.0% during the first quarter. JPMorgan Chase & Co. now owns 109,376 shares of the information services provider’s stock valued at $10,201,000 after acquiring an additional 64,731 shares during the last quarter. Citigroup Inc. increased its position in shares of Autohome by 36.4% during the first quarter. Citigroup Inc. now owns 96,895 shares of the information services provider’s stock valued at $9,037,000 after acquiring an additional 25,882 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Autohome by 2,327.2% during the first quarter. Thrivent Financial for Lutherans now owns 49,782 shares of the information services provider’s stock worth $4,643,000 after acquiring an additional 47,731 shares during the period. Finally, Toronto Dominion Bank purchased a new position in Autohome in the first quarter worth $356,000. 56.15% of the stock is owned by institutional investors and hedge funds.

Autohome Company Profile (NYSE:ATHM)

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, and its mobile applications and mini apps, delivers interactive content and tools to automobile consumers. It provides media services, including automaker advertising services and regional marketing campaigns; and leads generation services comprising dealer subscription services, advertising services for individual dealers, and used automobile listing and other platform-based services.

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