CLSA downgraded shares of Autohome (NYSE:ATHM - Free Report) from an outperform rating to a hold rating in a research report released on Thursday, Marketbeat Ratings reports.
Other analysts also recently issued reports about the stock. Citigroup restated a "neutral" rating and set a $28.00 price objective (down from $31.00) on shares of Autohome in a research report on Friday, July 19th. Benchmark cut Autohome from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. Hsbc Global Res upgraded Autohome to a "strong-buy" rating in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded Autohome from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.
Check Out Our Latest Research Report on ATHM
Autohome Trading Down 1.6 %
ATHM stock traded down $0.48 during midday trading on Thursday, reaching $28.65. 438,590 shares of the company's stock traded hands, compared to its average volume of 481,244. The stock's 50-day moving average is $28.65 and its 200 day moving average is $27.25. The stock has a market cap of $3.60 billion, a P/E ratio of 13.58 and a beta of 0.16. Autohome has a 52-week low of $21.89 and a 52-week high of $34.70.
Autohome (NYSE:ATHM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 EPS for the quarter, topping the consensus estimate of $0.59 by $4.12. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $0.59 earnings per share. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts expect that Autohome will post 2.02 EPS for the current fiscal year.
Autohome announced that its Board of Directors has initiated a share repurchase plan on Wednesday, September 4th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Institutional Trading of Autohome
Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its position in shares of Autohome by 30.3% in the fourth quarter. Wellington Management Group LLP now owns 279,136 shares of the information services provider's stock worth $7,833,000 after buying an additional 64,877 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Autohome by 8.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 189,335 shares of the information services provider's stock worth $4,964,000 after acquiring an additional 14,527 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Autohome by 146.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,059 shares of the information services provider's stock valued at $889,000 after purchasing an additional 18,446 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in Autohome by 31.8% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 80,789 shares of the information services provider's stock valued at $2,118,000 after purchasing an additional 19,490 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Autohome by 15.5% during the first quarter. SG Americas Securities LLC now owns 31,743 shares of the information services provider's stock valued at $832,000 after purchasing an additional 4,262 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company's stock.
Autohome Company Profile
(
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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.
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