Autohome Inc. (NYSE:ATHM) Short Interest Down 27.8% in March

Autohome Inc. (NYSE:ATHM - Get Free Report) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,690,000 shares, a decline of 27.8% from the February 28th total of 2,340,000 shares. Based on an average trading volume of 541,500 shares, the short-interest ratio is presently 3.1 days. Approximately 1.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Autohome to a "hold" rating in a report on Wednesday, December 11th. StockNews.com cut Autohome from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. raised Autohome from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Autohome presently has an average rating of "Hold" and an average target price of $32.00.

Institutional Trading of Autohome

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATHM. Wellington Management Group LLP purchased a new stake in Autohome in the fourth quarter valued at approximately $1,249,000. California State Teachers Retirement System boosted its holdings in shares of Autohome by 4,293.6% in the 4th quarter. California State Teachers Retirement System now owns 23,989 shares of the information services provider's stock valued at $623,000 after purchasing an additional 23,443 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Autohome during the 4th quarter valued at $311,000. GF Fund Management CO. LTD. acquired a new stake in shares of Autohome during the 4th quarter worth $2,760,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Autohome by 2.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 208,354 shares of the information services provider's stock worth $5,407,000 after buying an additional 4,084 shares during the period. Hedge funds and other institutional investors own 63.08% of the company's stock.

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Autohome Stock Down 2.1 %

Shares of ATHM traded down $0.58 on Thursday, hitting $27.35. 402,285 shares of the stock traded hands, compared to its average volume of 502,347. Autohome has a 1 year low of $21.89 and a 1 year high of $34.70. The stock's 50 day moving average is $28.96 and its two-hundred day moving average is $28.61. The firm has a market capitalization of $3.31 billion, a P/E ratio of 14.78 and a beta of 0.16.

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

About Autohome

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.