Autohome (NYSE:ATHM) Stock Jumps 10.9% – What’s Next?

Autohome Inc. (NYSE:ATHM)’s stock price traded up 10.9% on Wednesday. The company traded as high as $22.34 and last traded at $22.1410. 145,845 shares traded hands during trading, a decline of 78% from the average daily volume of 670,074 shares. The stock had previously closed at $19.96.

More Autohome News

Here are the key news stories impacting Autohome this week:

• Positive Sentiment: Autohome reported EPS of $0.36, above the $0.29 consensus estimate, and revenue of $196.1 million, topping analysts’ $189.9 million forecast. MarketBeat earnings report
• Positive Sentiment: The company announced an ordinary cash dividend of $0.395 per share, which may appeal to income-focused investors. Dividend announcement
• Negative Sentiment: Despite beating estimates, third-quarter revenue fell about 26% year over year to RMB1.315 billion, and reports also noted a decline in income. The contraction highlights ongoing pressure on the business. Third-quarter results

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ATHM shares. Weiss Ratings raised shares of Autohome from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 22nd. Zacks Research raised Autohome from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Bank of America downgraded Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price target on the stock. in a report on Tuesday, August 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $26.50 price target on shares of Autohome in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.95.

Autohome Stock Performance

The business’s fifty day moving average price is $21.00 and its 200-day moving average price is $20.05. The stock has a market cap of $2.58 billion, a PE ratio of 19.31 and a beta of 0.36.

Insider Buying and Selling at Autohome

In other Autohome news, CFO Craig Yan Zeng sold 9,316 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total value of $49,281.64. Following the completion of the transaction, the chief financial officer directly owned 160,624 shares in the company, valued at $849,700.96. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Quan Long sold 34,400 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $5.29, for a total transaction of $181,976.00. Following the sale, the director owned 175,984 shares in the company, valued at $930,955.36. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 49,304 shares of company stock valued at $260,818 over the last 90 days. 5.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Autohome

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vest Financial LLC raised its position in shares of Autohome by 35.9% during the third quarter. Vest Financial LLC now owns 71,514 shares of the information services provider’s stock valued at $1,520,000 after buying an additional 18,891 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Autohome in the third quarter worth $12,420,000. Public Employees Retirement System of Ohio purchased a new position in shares of Autohome in the second quarter worth $5,293,000. Oldfield Partners LLP grew its stake in Autohome by 20.3% during the second quarter. Oldfield Partners LLP now owns 49,800 shares of the information services provider’s stock valued at $948,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Autohome by 159.7% in the 1st quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider’s stock worth $6,337,000 after purchasing an additional 224,318 shares in the last quarter. 63.08% of the stock is owned by institutional investors.

Autohome Company Profile

Autohome Inc (NYSE: ATHM) operates an online automotive platform serving consumers, automobile manufacturers, dealers and other industry participants primarily in China. Through its websites and mobile applications, the company provides information and digital tools to help users research vehicles, compare models, read reviews, explore pricing and connect with sellers.

The company’s services include automotive news and editorial content, vehicle specifications, user-generated discussions, professional evaluations, sales-lead generation and online marketing solutions.