Autohome (NYSE:ATHM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
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. “
Several other research analysts have also issued reports on ATHM. ValuEngine lowered Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. Bank of America raised Autohome to a “buy” rating in a research report on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $79.76.
Shares of Autohome opened at $100.48 on Friday, MarketBeat.com reports. The firm has a market cap of $12.02 billion, a P/E ratio of 38.21, a P/E/G ratio of 0.82 and a beta of 2.12. Autohome has a 12-month low of $40.65 and a 12-month high of $107.54.
Autohome (NYSE:ATHM) last announced its earnings results on Tuesday, May 8th. The information services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. The business had revenue of $205.30 million during the quarter, compared to analyst estimates of $195.43 million. Autohome had a return on equity of 26.49% and a net margin of 35.15%. Autohome’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. equities research analysts anticipate that Autohome will post 3.72 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. grew its holdings in Autohome by 2.1% during the 1st quarter. Baillie Gifford & Co. now owns 3,406,014 shares of the information services provider’s stock worth $292,712,000 after acquiring an additional 68,677 shares during the period. Macquarie Group Ltd. grew its holdings in Autohome by 101.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,465,144 shares of the information services provider’s stock worth $76,836,000 after acquiring an additional 737,336 shares during the period. Karst Peak Capital Ltd acquired a new stake in Autohome during the 4th quarter worth about $69,231,000. Barclays PLC grew its holdings in Autohome by 86.1% during the 1st quarter. Barclays PLC now owns 763,157 shares of the information services provider’s stock worth $65,587,000 after acquiring an additional 353,023 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Autohome by 231.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 745,785 shares of the information services provider’s stock worth $48,230,000 after acquiring an additional 520,685 shares during the period. Hedge funds and other institutional investors own 40.80% of the company’s stock.
Autohome Company Profile
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.
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