Autohome Inc (NYSE:ATHM) shares reached a new 52-week low on Wednesday . The company traded as low as $65.54 and last traded at $65.57, with a volume of 892399 shares trading hands. The stock had previously closed at $68.73.
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. set a $75.00 target price on shares of Autohome and gave the stock a “hold” rating in a report on Monday, August 12th. ValuEngine raised Autohome from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded Autohome from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Mizuho assumed coverage on Autohome in a research note on Friday, September 6th. They issued a “neutral” rating and a $84.10 price objective on the stock. Finally, Sanford C. Bernstein cut Autohome from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Autohome presently has a consensus rating of “Hold” and a consensus price target of $103.34.
The company has a 50-day moving average of $77.26 and a 200 day moving average of $84.25. The company has a market cap of $7.89 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.27.
Autohome (NYSE:ATHM) last released its earnings results on Tuesday, November 5th. The information services provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The firm had revenue of $303.60 million for the quarter, compared to the consensus estimate of $306.01 million. Autohome had a return on equity of 27.20% and a net margin of 37.62%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. On average, sell-side analysts expect that Autohome Inc will post 3.6 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Northwest Bancshares Inc. increased its stake in Autohome by 5.0% during the 3rd quarter. Northwest Bancshares Inc. now owns 4,970 shares of the information services provider’s stock worth $413,000 after buying an additional 235 shares in the last quarter. Assetmark Inc. raised its stake in Autohome by 75.3% in the 2nd quarter. Assetmark Inc. now owns 829 shares of the information services provider’s stock valued at $71,000 after purchasing an additional 356 shares during the last quarter. HighTower Advisors LLC raised its stake in Autohome by 8.5% in the 2nd quarter. HighTower Advisors LLC now owns 5,428 shares of the information services provider’s stock valued at $465,000 after purchasing an additional 424 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Autohome by 5.1% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,969 shares of the information services provider’s stock valued at $854,000 after purchasing an additional 481 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Autohome by 23.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,087 shares of the information services provider’s stock worth $1,814,000 after purchasing an additional 590 shares during the last quarter. Institutional investors and hedge funds own 55.73% of the company’s stock.
About Autohome (NYSE:ATHM)
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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