Autohome (NYSE:ATHM) Price Target Cut to $17.00 by Analysts at JPMorgan Chase & Co.

Autohome (NYSE:ATHM) had its price objective lowered by stock analysts at JPMorgan Chase & Co. from $20.00 to $17.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the information services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 6.75% from the company’s previous close.

Other analysts have also issued research reports about the stock. Benchmark reaffirmed a “hold” rating on shares of Autohome in a research report on Tuesday, February 24th. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings lowered shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. HSBC lowered shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price objective on the stock. in a research report on Thursday, May 14th. Finally, Wall Street Zen lowered shares of Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $17.15.

Autohome Stock Down 0.7%

Autohome stock traded down $0.12 during midday trading on Wednesday, hitting $18.23. 185,685 shares of the stock were exchanged, compared to its average volume of 667,060. Autohome has a 52-week low of $15.57 and a 52-week high of $29.92. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 13.92 and a beta of 0.23. The business’s 50-day moving average price is $17.88 and its 200-day moving average price is $20.59.

Autohome (NYSE:ATHM) last announced its quarterly earnings data 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 17.91% and a return on equity of 5.01%. On average, sell-side analysts predict that Autohome will post 1.24 earnings per share for the current fiscal year.

Insider Activity at Autohome

In other news, CTO Bibo Xiang sold 10,508 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $4.35, for a total value of $45,709.80. Following the sale, the chief technology officer owned 62,368 shares of the company’s stock, valued at $271,300.80. The trade was a 14.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Yan Zeng sold 24,300 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $4.35, for a total transaction of $105,705.00. Following the completion of the sale, the chief financial officer directly owned 169,940 shares in the company, valued at approximately $739,239. This trade represents a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 5.70% of the company’s stock.

Institutional Trading of Autohome

Hedge funds and other institutional investors have recently modified their holdings of the business. Krane Funds Advisors LLC increased its holdings 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 worth $93,178,000 after acquiring an additional 678,214 shares during the period. Pictet Asset Management Holding SA increased its holdings in Autohome by 33.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 418,500 shares of the information services provider’s stock worth $9,316,000 after acquiring an additional 104,800 shares during the period. Kepler Cheuvreux Suisse SA bought a new stake in Autohome during the 3rd quarter worth approximately $1,837,000. Schroder Investment Management Group increased its holdings in Autohome by 7.3% during the 3rd quarter. Schroder Investment Management Group now owns 1,304,270 shares of the information services provider’s stock worth $37,237,000 after acquiring an additional 89,057 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Autohome by 210.0% during the 4th quarter. SG Americas Securities LLC now owns 56,595 shares of the information services provider’s stock worth $1,260,000 after acquiring an additional 38,341 shares during the period. Institutional investors own 63.08% of the company’s stock.

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.