Autohome (NYSE:ATHM) Trading 3.9% Higher - What's Next?

Shares of Autohome Inc. (NYSE:ATHM - Get Free Report) rose 3.9% during mid-day trading on Monday . The company traded as high as $26.91 and last traded at $26.83. Approximately 232,708 shares were traded during trading, a decline of 55% from the average daily volume of 518,708 shares. The stock had previously closed at $25.82.

Analyst Ratings Changes

A number of research analysts recently issued reports on ATHM shares. StockNews.com lowered shares of Autohome from a "buy" rating to a "hold" rating in a report on Friday, February 28th. JPMorgan Chase & Co. raised Autohome from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $24.00 to $36.00 in a research note on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Autohome has a consensus rating of "Hold" and an average target price of $32.00.

Autohome Stock Performance

The business has a 50 day simple moving average of $28.12 and a 200-day simple moving average of $28.03. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 14.86 and a beta of 0.16.

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

Institutional Investors Weigh In On Autohome

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Autohome by 2,671.8% during the first quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider's stock valued at $55,000 after buying an additional 1,897 shares during the period. Vontobel Holding Ltd. increased its stake in shares of Autohome by 27.4% during the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock worth $222,000 after purchasing an additional 1,841 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Autohome in the 4th quarter worth approximately $231,000. Headlands Technologies LLC lifted its stake in Autohome by 1,135.5% in the fourth quarter. Headlands Technologies LLC now owns 9,872 shares of the information services provider's stock valued at $256,000 after purchasing an additional 9,073 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Autohome during the fourth quarter valued at $257,000. 63.08% of the stock is owned by hedge funds and other institutional investors.

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.