Autohome Inc. (NYSE:ATHM – Get Free Report)’s stock price rose 10.9% during trading on Wednesday following a stronger than expected earnings report. The company traded as high as $22.34 and last traded at $22.1410. Approximately 145,845 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 670,074 shares. The stock had previously closed at $19.96.
The information services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Autohome had a return on equity of 4.00% and a net margin of 14.23%. The business had revenue of $196.12 million during the quarter, compared to analysts’ expectations of $189.93 million. During the same quarter in the prior year, the firm earned $3.45 earnings per share. The business’s revenue was down 26.0% compared to the same quarter last year.
Analysts Set New Price Targets
A number of brokerages have commented on ATHM. Zacks Research raised shares of Autohome from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Weiss Ratings raised shares of Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $26.50 price objective on shares of Autohome in a research report on Wednesday, October 14th. Bank of America lowered shares of Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price objective on the stock. in a report on Tuesday, August 18th. Finally, Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $19.95.
View Our Latest Stock Report on Autohome
Insider Activity
In related news, CTO Bibo Xiang sold 5,588 shares of the business’s 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 $300,366.20. The trade was a 8.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Quan Long sold 34,400 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $5.29, for a total value of $181,976.00. Following the transaction, the director directly owned 175,984 shares in the company, valued at approximately $930,955.36. The trade was a 16.35% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 49,304 shares of company stock worth $260,818. Corporate insiders own 5.70% of the company’s stock.
Institutional Trading of Autohome
A number of hedge funds have recently added to or reduced their stakes in the stock. Vest Financial LLC boosted its holdings in shares of Autohome by 35.9% in the third quarter. Vest Financial LLC now owns 71,514 shares of the information services provider’s stock valued at $1,520,000 after acquiring an additional 18,891 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Autohome during the third quarter worth $12,420,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Autohome in the 2nd quarter worth about $5,293,000. Oldfield Partners LLP grew its position in shares of Autohome by 20.3% in the second quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider’s stock valued at $948,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Autohome by 159.7% during the first quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider’s stock worth $6,337,000 after buying an additional 224,318 shares in the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.
Autohome Stock Performance
The business has a 50-day moving average of $21.04 and a 200 day moving average of $20.04. The stock has a market cap of $2.64 billion, a PE ratio of 24.37 and a beta of 0.36.
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.
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