Autohome Inc. (NYSE:ATHM – Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $15.57 and last traded at $16.6710, with a volume of 185625 shares traded. The stock had previously closed at $16.38.
Wall Street Analyst Weigh In
ATHM has been the topic of several analyst reports. Wall Street Zen lowered Autohome from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Benchmark reaffirmed a “hold” rating on shares of Autohome in a research report on Tuesday, February 24th. Weiss Ratings lowered shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Finally, HSBC cut shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price for the company. in a research report on Thursday, May 14th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $22.65.
Read Our Latest Stock Report on Autohome
Autohome Stock Performance
Autohome (NYSE:ATHM – Get Free Report) last issued its quarterly earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share (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 predict that Autohome Inc. will post 1.24 EPS for the current year.
Hedge Funds Weigh In On Autohome
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Autohome by 12.2% during the 3rd 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 period. FIL Ltd increased its holdings in shares of Autohome by 0.5% in the fourth quarter. FIL Ltd now owns 4,308,693 shares of the information services provider’s stock valued at $95,912,000 after purchasing an additional 20,228 shares during the period. M&G PLC increased its holdings in shares of Autohome by 13.7% in the fourth quarter. M&G PLC now owns 3,420,121 shares of the information services provider’s stock valued at $75,243,000 after purchasing an additional 413,287 shares during the period. Krane Funds Advisors LLC raised its stake 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 purchasing an additional 678,214 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Autohome by 86.9% in the fourth quarter. Federated Hermes Inc. now owns 2,852,839 shares of the information services provider’s stock worth $63,504,000 after purchasing an additional 1,326,281 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.
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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