Autohome Inc. (NYSE:ATHM) Given Average Rating of “Reduce” by Analysts

Autohome Inc. (NYSE:ATHM) has earned an average rating of “Reduce” from the five research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $22.65.

A number of research firms have recently issued reports on ATHM. Wall Street Zen lowered shares of Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Zacks Research raised 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 report on Tuesday, February 24th. Weiss Ratings lowered shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Finally, HSBC lowered shares of Autohome to a “hold” rating and set a $17.30 target price for the company. in a report on Thursday.

Autohome Stock Performance

Shares of NYSE ATHM opened at $19.22 on Thursday. The firm has a market cap of $2.21 billion, a PE ratio of 11.72 and a beta of 0.26. The firm has a fifty day moving average of $18.36 and a 200 day moving average of $21.35. Autohome has a one year low of $16.74 and a one year high of $29.92.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Sunday, February 15th. The information services provider reported $0.09 EPS for the quarter. The company had revenue of $208.96 million during the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. On average, equities analysts predict that Autohome will post 1.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Autohome

A number of large investors have recently modified their holdings of the business. Invesco Ltd. grew its holdings 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 buying an additional 868,151 shares in the last quarter. FIL Ltd grew its holdings 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 buying an additional 20,228 shares in the last quarter. M&G PLC grew its holdings 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 buying an additional 413,287 shares in the last quarter. Krane Funds Advisors LLC grew its holdings 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 buying an additional 678,214 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings 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 buying an additional 1,326,281 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

About Autohome

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.