Autohome Inc. (NYSE:ATHM) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Autohome Inc. (NYSE:ATHM) have been assigned an average rating of “Reduce” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $22.65.

ATHM has been the topic of several recent research reports. Weiss Ratings cut shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Wall Street Zen cut shares of Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Benchmark reissued a “hold” rating on shares of Autohome in a research report on Tuesday, February 24th. HSBC cut shares of Autohome to a “hold” rating and set a $17.30 target price on the stock. in a research report on Thursday. Finally, Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ATHM. Raymond James Financial Inc. acquired a new position in Autohome in the second quarter valued at about $29,000. Global Retirement Partners LLC lifted its position in Autohome by 205.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider’s stock valued at $37,000 after buying an additional 1,112 shares during the last quarter. Guinness Asset Management LTD lifted its position in Autohome by 20.7% in the fourth quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider’s stock valued at $76,000 after buying an additional 560 shares during the last quarter. Parallel Advisors LLC lifted its position in Autohome by 30.5% in the third quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after buying an additional 674 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Autohome by 141.7% in the third quarter. PNC Financial Services Group Inc. now owns 3,222 shares of the information services provider’s stock valued at $92,000 after buying an additional 1,889 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Trading Up 2.1%

Shares of ATHM stock opened at $19.22 on Thursday. The company’s 50-day moving average price is $18.36 and its 200-day moving average price is $21.35. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 11.72 and a beta of 0.26. Autohome has a twelve month low of $16.74 and a twelve month high of $29.92.

Autohome (NYSE:ATHM) last announced its quarterly earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. The firm had revenue of $208.96 million for the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. As a group, equities research analysts predict that Autohome will post 1.28 EPS for the current year.

About Autohome

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.