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

StockNews.com cut shares of Autohome (NYSE:ATHM) from a buy rating to a hold rating in a research report report published on Friday morning.

Separately, The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.00.

Autohome Stock Down 1.0 %

Shares of NYSE ATHM opened at $28.67 on Friday. The firm has a 50-day simple moving average of $27.55 and a 200-day simple moving average of $27.88. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 15.49 and a beta of 0.18. Autohome has a 52 week low of $21.89 and a 52 week high of $34.70.

Autohome (NYSE:ATHM) last issued its earnings results 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. The business had revenue of $244.33 million during the quarter, compared to analysts’ expectations of $243.26 million. Autohome had a net margin of 23.02% and a return on equity of 7.79%. As a group, equities research analysts expect that Autohome will post 1.84 EPS for the current year.

Institutional Investors Weigh In On Autohome

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd increased its position in Autohome by 1.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock worth $1,238,000 after purchasing an additional 394 shares during the last quarter. Rhumbline Advisers increased its position in Autohome by 3.1% during the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock worth $357,000 after purchasing an additional 420 shares during the last quarter. Ritholtz Wealth Management increased its position in Autohome by 8.1% during the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after purchasing an additional 778 shares during the last quarter. Nuveen Asset Management LLC increased its position in Autohome by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 126,612 shares of the information services provider’s stock worth $3,286,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in Autohome by 27.4% during the fourth 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. 63.08% of the stock is currently owned by institutional investors and hedge funds.

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.