Autohome (NYSE:ATHM) Upgraded by JPMorgan Chase & Co. to Overweight Rating

Autohome (NYSE:ATHM - Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Wednesday, Marketbeat reports. The brokerage presently has a $36.00 target price on the information services provider's stock, up from their prior target price of $24.00. JPMorgan Chase & Co.'s price objective points to a potential upside of 19.49% from the company's current price.

Other analysts have also issued reports about the company. The Goldman Sachs Group upgraded Autohome to a "hold" rating in a report on Wednesday, December 11th. StockNews.com lowered Autohome from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $32.00.

Remove Ads

Autohome Trading Up 2.7 %

NYSE:ATHM traded up $0.80 on Wednesday, hitting $30.13. 519,018 shares of the company's stock traded hands, compared to its average volume of 474,791. The company has a market cap of $3.65 billion, a PE ratio of 16.28 and a beta of 0.20. Autohome has a 1 year low of $21.89 and a 1 year high of $34.70. The firm has a 50-day moving average price of $28.34 and a 200-day moving average price of $28.42.

Autohome (NYSE:ATHM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $243.26 million. On average, research analysts forecast that Autohome will post 1.84 EPS for the current fiscal year.

Institutional Trading of Autohome

Large investors have recently modified their holdings of the company. Vontobel Holding Ltd. increased its position in Autohome by 27.4% in the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider's stock worth $222,000 after buying an additional 1,841 shares during the period. BlueCrest Capital Management Ltd bought a new stake in shares of Autohome in the third quarter valued at about $228,000. Walleye Capital LLC acquired a new stake in Autohome during the fourth quarter worth about $231,000. Headlands Technologies LLC raised its holdings in Autohome by 1,135.5% in the 4th quarter. Headlands Technologies LLC now owns 9,872 shares of the information services provider's stock valued at $256,000 after acquiring an additional 9,073 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Autohome in the 4th quarter worth approximately $257,000. 63.08% of the stock is owned by 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.