Autohome Inc. (ATHM) – What Are Investment Firms Saying About This Stock?

Autohome Inc. (NYSE:ATHM) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.95.

A number of equities research analysts have weighed in on ATHM shares. Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Bank of America cut Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price target on the stock. in a report on Tuesday, August 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $26.50 price objective on shares of Autohome in a research report on Wednesday, October 14th. Weiss Ratings upgraded shares of Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. Finally, Zacks Research upgraded shares of Autohome from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th.

Insider Buying and Selling

In other Autohome news, CTO Bibo Xiang sold 5,588 shares of Autohome stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total value of $29,560.52. Following the completion of the sale, the chief technology officer directly owned 56,780 shares of the company’s stock, valued at approximately $300,366.20. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Quan Long sold 34,400 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total transaction of $181,976.00. Following the transaction, the director owned 175,984 shares in the company, valued at $930,955.36. This represents a 16.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,304 shares of company stock valued at $260,818 over the last ninety days. 5.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Autohome

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in shares of Autohome by 119.4% during the 1st quarter. Parallel Advisors LLC now owns 5,256 shares of the information services provider’s stock worth $91,000 after purchasing an additional 2,860 shares in the last quarter. Oldfield Partners LLP increased its position in Autohome by 20.3% in the 2nd quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider’s stock valued at $948,000 after buying an additional 8,400 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Autohome in the 1st quarter valued at about $184,000. Royal Bank of Canada increased its position in Autohome by 35.2% in the 1st quarter. Royal Bank of Canada now owns 72,460 shares of the information services provider’s stock valued at $1,259,000 after buying an additional 18,871 shares in the last quarter. Finally, Vest Financial LLC increased its position in Autohome by 35.9% in the 3rd quarter. Vest Financial LLC now owns 71,514 shares of the information services provider’s stock valued at $1,520,000 after buying an additional 18,891 shares in the last quarter. Institutional investors own 63.08% of the company’s stock.

Key Headlines Impacting Autohome

Here are the key news stories impacting Autohome this week:

• Positive Sentiment: Autohome reported earnings of $0.36 per share, above the $0.29 consensus estimate, and revenue of $196.1 million, ahead of the $189.9 million forecast. MarketBeat earnings report
• Positive Sentiment: The company announced an ordinary cash dividend of $0.395 per share, providing a direct return to shareholders. Dividend announcement
• Negative Sentiment: Revenue declined 26% year over year to RMB1.315 billion from RMB1.778 billion. Reports also noted a drop in quarterly income, raising concerns about weakening business performance despite the estimate beat. Quarterly results report

Autohome Price Performance

Shares of NYSE:ATHM opened at $22.52 on Thursday. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 19.41 and a beta of 0.36. The business’s 50-day moving average is $21.03 and its 200-day moving average is $20.04. Autohome has a 1 year low of $15.57 and a 1 year high of $26.28.

Autohome (NYSE:ATHM) last announced its earnings results on Wednesday, November 4th. The information services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. Autohome had a return on equity of 4.44% and a net margin of 17.05%. The company had revenue of $196.12 million for the quarter, compared to analyst estimates of $189.93 million. During the same quarter in the prior year, the company earned $3.45 EPS. The firm’s revenue for the quarter was down 26.0% compared to the same quarter last year. Analysts anticipate that Autohome will post 1.20 EPS for the current year.

Autohome Company Profile

Autohome Inc (NYSE: ATHM) operates an online automotive platform serving consumers, automobile manufacturers, dealers and other industry participants primarily in China. Through its websites and mobile applications, the company provides information and digital tools to help users research vehicles, compare models, read reviews, explore pricing and connect with sellers.

The company’s services include automotive news and editorial content, vehicle specifications, user-generated discussions, professional evaluations, sales-lead generation and online marketing solutions.