Autohome (NYSE:ATHM – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.
A number of other research firms have also recently weighed in on ATHM. JPMorgan Chase & Co. cut their price target on Autohome from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. HSBC cut Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target for the company. in a report on Thursday, May 14th. Weiss Ratings lowered Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Wall Street Zen lowered Autohome from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Benchmark reiterated a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $17.15.
View Our Latest Report on Autohome
Autohome Stock Performance
Autohome (NYSE:ATHM – Get Free Report) last posted its earnings results on Sunday, February 15th. The information services provider reported $0.09 EPS for the quarter. The company had revenue of $208.96 million for the quarter. Autohome had a return on equity of 5.01% and a net margin of 17.91%. On average, analysts predict that Autohome will post 1.16 EPS for the current fiscal year.
Insider Activity
In other Autohome news, CTO Bibo Xiang sold 10,508 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $4.35, for a total transaction of $45,709.80. Following the completion of the sale, the chief technology officer directly owned 62,368 shares in the company, valued at $271,300.80. This represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Yan Zeng sold 24,300 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $4.35, for a total value of $105,705.00. Following the completion of the sale, the chief financial officer directly owned 169,940 shares of the company’s stock, valued at $739,239. The trade was a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 5.70% of the company’s stock.
Institutional Investors Weigh In On Autohome
Institutional investors and hedge funds have recently modified their holdings of the stock. Krane Funds Advisors LLC boosted 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 worth $93,178,000 after buying an additional 678,214 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Autohome by 33.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 418,500 shares of the information services provider’s stock valued at $9,316,000 after purchasing an additional 104,800 shares during the last quarter. Kepler Cheuvreux Suisse SA purchased a new position in Autohome in the third quarter valued at about $1,837,000. Schroder Investment Management Group boosted its holdings in Autohome by 7.3% in the third quarter. Schroder Investment Management Group now owns 1,304,270 shares of the information services provider’s stock valued at $37,237,000 after purchasing an additional 89,057 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Autohome by 210.0% in the fourth quarter. SG Americas Securities LLC now owns 56,595 shares of the information services provider’s stock valued at $1,260,000 after purchasing an additional 38,341 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.
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.
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