BidaskClub lowered shares of Autohome Inc. (NYSE:ATHM) from a buy rating to a hold rating in a research report released on Friday morning.
ATHM has been the topic of a number of other research reports. Benchmark Co. upgraded Autohome from a hold rating to a buy rating and set a $65.00 target price on the stock in a research note on Thursday, August 10th. Credit Suisse Group initiated coverage on Autohome in a research report on Tuesday, October 3rd. They set an outperform rating and a $70.80 price target on the stock. Zacks Investment Research downgraded Autohome from a buy rating to a hold rating in a research report on Friday, September 15th. ValuEngine downgraded Autohome from a buy rating to a hold rating in a research report on Thursday, August 10th. Finally, Deutsche Bank AG upgraded Autohome from a hold rating to a buy rating and increased their price target for the stock from $36.00 to $65.00 in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Autohome presently has an average rating of Buy and an average target price of $63.36.
Autohome (NYSE:ATHM) opened at 56.97 on Friday. The firm’s 50-day moving average is $61.57 and its 200-day moving average is $50.88. The stock has a market capitalization of $6.61 billion, a P/E ratio of 29.32 and a beta of 2.16. Autohome has a 12-month low of $22.07 and a 12-month high of $67.69.
Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The firm had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. Analysts predict that Autohome will post $2.41 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the business. Parametrica Management Ltd raised its holdings in shares of Autohome by 1,140.1% during the third quarter. Parametrica Management Ltd now owns 83,084 shares of the information services provider’s stock valued at $4,992,000 after acquiring an additional 76,384 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of Autohome by 66.1% during the third quarter. Penserra Capital Management LLC now owns 119,626 shares of the information services provider’s stock valued at $7,187,000 after acquiring an additional 47,616 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Autohome during the third quarter valued at approximately $331,000. Pictet Asset Management Ltd. raised its holdings in shares of Autohome by 5.6% during the third quarter. Pictet Asset Management Ltd. now owns 80,500 shares of the information services provider’s stock valued at $4,836,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in shares of Autohome by 333.8% during the third quarter. Aperio Group LLC now owns 27,766 shares of the information services provider’s stock valued at $1,668,000 after acquiring an additional 21,365 shares during the last quarter. 40.32% of the stock is owned by institutional investors and hedge funds.
Autohome Company Profile
Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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