Autohome (NYSE:ATHM) Sets New 12-Month Low – Should You Sell?

Autohome Inc. (NYSE:ATHM)’s share price hit a new 52-week low on Monday . The company traded as low as $16.67 and last traded at $16.7730, with a volume of 85327 shares traded. The stock had previously closed at $17.05.

Analyst Ratings Changes

ATHM has been the subject of a number of analyst reports. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. HSBC downgraded shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target for the company. in a research report on Thursday, May 14th. Weiss Ratings downgraded shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Benchmark restated a “hold” rating on shares of Autohome in a research report on Tuesday, February 24th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $22.65.

Autohome Stock Performance

The firm’s 50 day moving average price is $18.24 and its two-hundred day moving average price is $21.10. The firm has a market cap of $1.94 billion, a PE ratio of 10.25 and a beta of 0.26.

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

Institutional Trading of Autohome

Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of Autohome by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock valued at $236,000 after buying an additional 438 shares during the period. Guinness Asset Management LTD grew its stake in shares of Autohome by 20.9% in the 3rd quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock valued at $79,000 after buying an additional 469 shares during the period. Mondrian Investment Partners LTD boosted its position in shares of Autohome by 10.1% during the 4th quarter. Mondrian Investment Partners LTD now owns 5,714 shares of the information services provider’s stock worth $127,000 after purchasing an additional 523 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Autohome by 5.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,101 shares of the information services provider’s stock worth $247,000 after purchasing an additional 601 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Autohome by 30.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock worth $82,000 after purchasing an additional 674 shares during the period. 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.