Autohome (NYSE:ATHM) Reaches New 12-Month Low – Time to Sell?

Autohome Inc. (NYSE:ATHM) reached a new 52-week low during trading on Thursday . The stock traded as low as $15.57 and last traded at $16.6710, with a volume of 185625 shares traded. The stock had previously closed at $16.38.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ATHM. Wall Street Zen downgraded shares of Autohome from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th. Weiss Ratings downgraded shares of 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 objective for the company. in a research note on Thursday, May 14th. Finally, Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $22.65.

Autohome Trading Up 2.1%

The company has a market capitalization of $1.93 billion, a PE ratio of 10.12 and a beta of 0.26. The firm’s 50-day simple moving average is $17.94 and its 200-day simple moving average is $20.75.

Autohome (NYSE:ATHM) last issued its earnings results on Sunday, February 15th. The information services provider reported $0.09 EPS for the quarter. The business 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, analysts anticipate that Autohome Inc. will post 1.24 EPS for the current year.

Institutional Investors Weigh In On Autohome

Several large investors have recently modified their holdings of the business. Invesco Ltd. boosted its stake in shares of Autohome by 12.2% during the third quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock valued at $227,497,000 after purchasing an additional 868,151 shares in the last quarter. FIL Ltd lifted its holdings in Autohome by 0.5% during the fourth quarter. FIL Ltd now owns 4,308,693 shares of the information services provider’s stock worth $95,912,000 after buying an additional 20,228 shares during the period. M&G PLC lifted its holdings in Autohome by 13.7% during the fourth quarter. M&G PLC now owns 3,420,121 shares of the information services provider’s stock worth $75,243,000 after buying an additional 413,287 shares during the period. Krane Funds Advisors LLC boosted its position in Autohome by 25.0% during the 3rd quarter. Krane Funds Advisors LLC now owns 3,387,052 shares of the information services provider’s stock valued at $93,178,000 after acquiring an additional 678,214 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Autohome by 86.9% during the 4th quarter. Federated Hermes Inc. now owns 2,852,839 shares of the information services provider’s stock valued at $63,504,000 after acquiring an additional 1,326,281 shares in the last quarter. 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.