Autohome (NYSE:ATHM) Trading 3.9% Higher – Still a Buy?

Autohome Inc. (NYSE:ATHM)’s stock price was up 3.9% during trading on Monday . The company traded as high as $26.91 and last traded at $26.83. Approximately 232,708 shares changed hands during trading, a decline of 55% from the average daily volume of 518,708 shares. The stock had previously closed at $25.82.

Wall Street Analyst Weigh In

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

Autohome Stock Up 4.8 %

The firm has a market cap of $3.28 billion, a P/E ratio of 14.63 and a beta of 0.16. The business has a fifty day moving average of $28.29 and a 200 day moving average of $28.12.

Autohome (NYSE:ATHM) last released its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share 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 business had revenue of $244.33 million for the quarter, compared to analyst estimates of $243.26 million. On average, sell-side analysts expect that Autohome Inc. will post 1.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Autohome by 2,671.8% during the 1st quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 1,897 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of 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 acquiring an additional 1,841 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Autohome during the fourth quarter worth $231,000. Headlands Technologies LLC boosted its stake 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 worth $256,000 after purchasing an additional 9,073 shares during the period. Finally, Quantinno Capital Management LP bought a new position in Autohome during the 4th quarter worth about $257,000. 63.08% of the stock is currently 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.