Short Interest in Autohome Inc. (NYSE:ATHM) Expands By 82.4%

Autohome Inc. (NYSE:ATHMGet Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,717,630 shares, an increase of 82.4% from the April 15th total of 941,558 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily volume of 550,882 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

A number of research firms have weighed in on ATHM. Weiss Ratings lowered shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Wall Street Zen lowered shares of Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Benchmark reiterated a “hold” rating on shares of Autohome in a research report on Tuesday, February 24th. Finally, 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 report on Thursday. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Autohome has an average rating of “Reduce” and a consensus target price of $22.65.

Check Out Our Latest Research Report on ATHM

Autohome Stock Performance

Shares of NYSE:ATHM opened at $17.08 on Monday. The firm has a fifty day moving average price of $18.33 and a 200 day moving average price of $21.23. Autohome has a fifty-two week low of $16.74 and a fifty-two week high of $29.92. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 10.41 and a beta of 0.26.

Autohome (NYSE:ATHMGet Free Report) last issued its earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. The firm had revenue of $208.96 million during the quarter. As a group, research analysts predict that Autohome will post 1.28 earnings per share for the current year.

Hedge Funds Weigh In On Autohome

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. boosted its position in shares of Autohome by 12.2% during the third quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock worth $227,497,000 after acquiring an additional 868,151 shares during the last quarter. FIL Ltd boosted its position in shares of Autohome by 0.5% during the fourth quarter. FIL Ltd now owns 4,308,693 shares of the information services provider’s stock worth $95,912,000 after acquiring an additional 20,228 shares during the last quarter. M&G PLC boosted its position in shares of Autohome by 13.7% during the fourth quarter. M&G PLC now owns 3,420,121 shares of the information services provider’s stock worth $75,243,000 after acquiring an additional 413,287 shares during the last quarter. Krane Funds Advisors LLC boosted its position in shares of Autohome by 25.0% during 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 acquiring an additional 678,214 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Autohome by 86.9% during the fourth quarter. Federated Hermes Inc. now owns 2,852,839 shares of the information services provider’s stock worth $63,504,000 after acquiring an additional 1,326,281 shares during the last quarter. Institutional investors own 63.08% of the company’s stock.

Autohome Company Profile

(Get Free Report)

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.

Further Reading

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