Autohome Inc. (NYSE:ATHM – Get Free Report) 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.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Benchmark reaffirmed a “hold” rating on shares of Autohome in a research report on Tuesday, February 24th. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. HSBC lowered shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target for the company. in a research note on Thursday. Finally, Wall Street Zen cut shares of Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $22.65.
View Our Latest Analysis on Autohome
Autohome Trading Down 6.7%
Autohome (NYSE:ATHM – Get Free Report) last released its quarterly earnings data on Sunday, February 15th. The information services provider reported $0.09 EPS for the quarter. The business had revenue of $208.96 million for the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. Sell-side analysts expect that Autohome Inc. will post 1.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings in Autohome by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock valued at $236,000 after acquiring an additional 438 shares during the period. Guinness Asset Management LTD boosted its holdings in shares of Autohome by 20.9% in the third quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock worth $79,000 after acquiring an additional 469 shares during the period. Mondrian Investment Partners LTD boosted its holdings in shares of Autohome by 10.1% in the fourth quarter. Mondrian Investment Partners LTD now owns 5,714 shares of the information services provider’s stock worth $127,000 after acquiring an additional 523 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Autohome by 5.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,101 shares of the information services provider’s stock valued at $247,000 after purchasing an additional 601 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Autohome by 30.5% in the third quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after purchasing an additional 674 shares in the last quarter. 63.08% of the stock is currently owned by hedge funds and other institutional investors.
Autohome Company Profile
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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