Autohome (NYSE:ATHM) Shares Gap Down – Time to Sell?

Autohome Inc. (NYSE:ATHM)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $19.20, but opened at $18.25. Autohome shares last traded at $17.60, with a volume of 69,653 shares trading hands.

Wall Street Analysts Forecast Growth

ATHM has been the topic of several recent research reports. Benchmark reiterated a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. Wall Street Zen downgraded Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings cut Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. HSBC downgraded shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target for the company. in a research report on Thursday. Finally, Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $22.65.

Autohome Price Performance

The company has a market cap of $2.06 billion, a P/E ratio of 10.94 and a beta of 0.26. The stock has a fifty day moving average price of $18.36 and a two-hundred day moving average price of $21.35.

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

Institutional Investors Weigh In On Autohome

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Autohome by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock worth $236,000 after buying an additional 438 shares during the last quarter. Guinness Asset Management LTD increased its position in shares of Autohome by 20.9% during the third quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock valued at $79,000 after acquiring an additional 469 shares during the last quarter. Mondrian Investment Partners LTD lifted its holdings in Autohome by 10.1% during the fourth quarter. Mondrian Investment Partners LTD now owns 5,714 shares of the information services provider’s stock worth $127,000 after acquiring an additional 523 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Autohome by 5.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,101 shares of the information services provider’s stock worth $247,000 after purchasing an additional 601 shares during the last quarter. Finally, Parallel Advisors LLC boosted 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 worth $82,000 after purchasing an additional 674 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Company Profile

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.