Brokerages Set Autohome Inc. (NYSE:ATHM) Price Target at $32.00

Shares of Autohome Inc. (NYSE:ATHM - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $32.00.

Several equities research analysts recently commented on ATHM shares. StockNews.com lowered Autohome from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised shares of Autohome from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th.

Institutional Trading of Autohome

Several hedge funds have recently bought and sold shares of ATHM. Robeco Institutional Asset Management B.V. lifted its stake in shares of Autohome by 140.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider's stock valued at $44,602,000 after buying an additional 1,004,043 shares in the last quarter. Norges Bank bought a new position in shares of Autohome in the fourth quarter valued at approximately $12,195,000. Invesco Ltd. grew its holdings in Autohome by 7.0% during the fourth quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider's stock worth $165,776,000 after buying an additional 415,515 shares in the last quarter. North of South Capital LLP raised its position in Autohome by 16.3% in the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider's stock valued at $51,001,000 after buying an additional 274,974 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Autohome during the 1st quarter worth $5,548,000. Institutional investors and hedge funds own 63.08% of the company's stock.

Autohome Price Performance

Shares of NYSE ATHM traded up $0.27 during mid-day trading on Thursday, hitting $25.78. 650,567 shares of the stock traded hands, compared to its average volume of 518,619. The company has a market cap of $3.12 billion, a PE ratio of 13.93 and a beta of 0.16. Autohome has a twelve month low of $21.89 and a twelve month high of $34.70. The firm has a 50 day simple moving average of $28.29 and a two-hundred day simple moving average of $28.21.

Autohome (NYSE:ATHM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. The business had revenue of $244.33 million during the quarter, compared to analyst estimates of $243.26 million. Autohome had a net margin of 23.02% and a return on equity of 7.79%. On average, equities research analysts anticipate that Autohome will post 1.84 earnings per share for the current fiscal year.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.