Zacks Investment Research Lowers Autohome (ATHM) to Hold

Zacks Investment Research downgraded shares of Autohome (NYSE:ATHM) from a buy rating to a hold rating in a research report released on Tuesday morning.

According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “

ATHM has been the subject of a number of other research reports. Credit Suisse Group began coverage on Autohome in a report on Tuesday, October 3rd. They set an outperform rating and a $70.80 price objective for the company. Benchmark boosted their price objective on Autohome from $65.00 to $76.00 and gave the stock a buy rating in a report on Wednesday, November 8th. BidaskClub cut Autohome from a buy rating to a hold rating in a report on Friday, October 27th. Finally, Deutsche Bank boosted their price objective on Autohome from $65.00 to $70.00 and gave the stock a buy rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Autohome presently has an average rating of Buy and a consensus price target of $66.16.

Shares of Autohome (NYSE:ATHM) opened at $61.23 on Tuesday. Autohome has a 1-year low of $24.71 and a 1-year high of $67.69. The stock has a market capitalization of $7,060.00, a P/E ratio of 29.69, a PEG ratio of 1.52 and a beta of 2.06.

The business also recently declared a special dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, January 3rd.

Several hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Autohome in the third quarter valued at approximately $1,152,000. Janus Henderson Group PLC boosted its stake in shares of Autohome by 21.8% in the third quarter. Janus Henderson Group PLC now owns 437,329 shares of the information services provider’s stock valued at $26,273,000 after buying an additional 78,300 shares during the period. Caxton Associates LP bought a new stake in shares of Autohome in the third quarter valued at approximately $300,000. Jane Street Group LLC boosted its stake in shares of Autohome by 37.5% in the third quarter. Jane Street Group LLC now owns 24,445 shares of the information services provider’s stock valued at $1,469,000 after buying an additional 6,664 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Autohome in the third quarter valued at approximately $811,000. Institutional investors and hedge funds own 38.84% of the company’s stock.

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About Autohome

Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.

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