Autohome (NYSE:ATHM) Sets New 52-Week Low – What’s Next?

Autohome Inc. (NYSE:ATHM) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.48 and last traded at $20.51, with a volume of 89897 shares. The stock had previously closed at $20.77.

Analysts Set New Price Targets

ATHM has been the subject of several research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Autohome in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Autohome in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered Autohome from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $36.00 to $28.00 in a report on Wednesday, October 29th. Finally, Zacks Research cut Autohome from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Autohome presently has an average rating of “Reduce” and a consensus target price of $28.00.

Autohome Price Performance

The company has a market cap of $2.35 billion, a P/E ratio of 11.85 and a beta of 0.11. The stock has a fifty day moving average price of $22.27 and a two-hundred day moving average price of $25.19.

Institutional Trading of Autohome

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ethic Inc. purchased a new position in Autohome during the second quarter worth about $373,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Autohome by 16.3% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 15,629 shares of the information services provider’s stock valued at $403,000 after buying an additional 2,194 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of Autohome by 18.6% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 21,684 shares of the information services provider’s stock worth $560,000 after buying an additional 3,397 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of Autohome by 128.0% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 22,245 shares of the information services provider’s stock worth $574,000 after buying an additional 12,487 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Autohome by 19.5% in the second quarter. KBC Group NV now owns 93,681 shares of the information services provider’s stock valued at $2,416,000 after acquiring an additional 15,272 shares in 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.