Autohome (NYSE:ATHM) Rating Lowered to "Hold" at StockNews.com

Autohome (NYSE:ATHM - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Wednesday.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group raised shares of Autohome to a "hold" rating in a research report on Wednesday, December 11th. CLSA downgraded shares of Autohome from an "outperform" rating to a "hold" rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $28.00.

Autohome Stock Performance

Shares of ATHM stock traded down $0.25 during midday trading on Wednesday, reaching $29.94. 801,018 shares of the company were exchanged, compared to its average volume of 507,065. The company's 50 day moving average price is $27.32 and its two-hundred day moving average price is $27.67. Autohome has a 12 month low of $21.89 and a 12 month high of $34.70. The company has a market cap of $3.63 billion, a P/E ratio of 14.89 and a beta of 0.18.

Autohome (NYSE:ATHM - Get Free Report) last released its earnings results on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.01. The business had revenue of $244.33 million for the quarter, compared to the consensus estimate of $243.26 million. Autohome had a net margin of 24.36% and a return on equity of 7.79%. As a group, sell-side analysts predict that Autohome will post 2.11 earnings per share for the current year.

Institutional Trading of Autohome

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in Autohome by 7.0% in the fourth quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider's stock worth $165,776,000 after acquiring an additional 415,515 shares in the last quarter. M&G PLC lifted its stake in shares of Autohome by 9.6% in the third quarter. M&G PLC now owns 3,384,865 shares of the information services provider's stock worth $111,701,000 after buying an additional 296,107 shares during the last quarter. Krane Funds Advisors LLC lifted its stake in shares of Autohome by 7.2% in the fourth quarter. Krane Funds Advisors LLC now owns 2,852,716 shares of the information services provider's stock worth $74,028,000 after buying an additional 191,845 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Autohome by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 2,475,258 shares of the information services provider's stock worth $64,233,000 after buying an additional 130,983 shares during the last quarter. Finally, North of South Capital LLP lifted its stake in shares of Autohome by 16.3% in the fourth quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider's stock worth $51,001,000 after buying an additional 274,974 shares during the last quarter. 63.08% of the stock is owned by institutional investors.

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.