Autohome (NYSE:ATHM) Shares Gap Down – Should You Sell?

Autohome Inc. (NYSE:ATHM)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $19.20, but opened at $18.25. Autohome shares last traded at $17.60, with a volume of 69,653 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. HSBC lowered Autohome from a “buy” rating to a “hold” rating and set a $17.30 price objective for the company. in a report on Thursday. Weiss Ratings lowered Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Benchmark reiterated a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wall Street Zen lowered Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Autohome presently has a consensus rating of “Reduce” and a consensus price target of $22.65.

Autohome Price Performance

The company has a fifty day simple moving average of $18.33 and a two-hundred day simple moving average of $21.26. The company has a market capitalization of $1.97 billion, a P/E ratio of 10.41 and a beta of 0.26.

Autohome (NYSE:ATHM) last posted its earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. Autohome had a return on equity of 5.94% and a net margin of 21.43%.The company had revenue of $208.96 million for the quarter. Equities analysts anticipate that Autohome Inc. will post 1.28 earnings per share for the current year.

Institutional Investors Weigh In On Autohome

Several hedge funds and other institutional investors have recently made changes to their positions in ATHM. Federated Hermes Inc. grew its position in shares of Autohome by 86.9% in the fourth quarter. Federated Hermes Inc. now owns 2,852,839 shares of the information services provider’s stock valued at $63,504,000 after purchasing an additional 1,326,281 shares during the last quarter. Invesco Ltd. grew its position in shares of Autohome by 12.2% in the third quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock valued at $227,497,000 after purchasing an additional 868,151 shares during the last quarter. Krane Funds Advisors LLC grew its position in shares of Autohome by 25.0% in the third quarter. Krane Funds Advisors LLC now owns 3,387,052 shares of the information services provider’s stock valued at $93,178,000 after purchasing an additional 678,214 shares during the last quarter. Norges Bank acquired a new stake in shares of Autohome in the fourth quarter valued at about $14,167,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Autohome in the fourth quarter valued at about $10,937,000. 63.08% of the stock is owned by institutional investors and hedge funds.

About Autohome

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.