Autohome Inc (NYSE:ATHM)’s share price was down 5.6% during trading on Monday . The company traded as low as $105.79 and last traded at $108.03. Approximately 928,981 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 801,744 shares. The stock had previously closed at $114.40.
A number of equities analysts have recently commented on ATHM shares. ValuEngine lowered shares of Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. Zacks Investment Research lowered shares of Autohome from a “buy” rating to a “sell” rating in a research report on Friday, May 11th. Finally, Bank of America raised shares of Autohome to a “buy” rating in a research report on Wednesday, May 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Autohome presently has a consensus rating of “Buy” and an average target price of $83.36.
The stock has a market capitalization of $13.52 billion, a PE ratio of 41.08, a price-to-earnings-growth ratio of 0.92 and a beta of 2.15.
Autohome (NYSE:ATHM) last announced its earnings results on Tuesday, May 8th. The information services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.06. Autohome had a net margin of 35.15% and a return on equity of 26.49%. The business had revenue of $205.30 million for the quarter, compared to analyst estimates of $195.43 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Autohome’s revenue was up 4.8% compared to the same quarter last year. analysts forecast that Autohome Inc will post 3.72 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its position in Autohome by 136.4% during the fourth quarter. Lazard Asset Management LLC now owns 62,287 shares of the information services provider’s stock worth $4,028,000 after acquiring an additional 35,934 shares during the period. Deutsche Bank AG boosted its stake in Autohome by 23.8% during the fourth quarter. Deutsche Bank AG now owns 463,232 shares of the information services provider’s stock worth $29,955,000 after buying an additional 88,975 shares in the last quarter. Karst Peak Capital Ltd acquired a new stake in Autohome during the fourth quarter worth $69,231,000. Baillie Gifford & Co. boosted its stake in Autohome by 2.1% during the first quarter. Baillie Gifford & Co. now owns 3,406,014 shares of the information services provider’s stock worth $292,712,000 after buying an additional 68,677 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in Autohome during the fourth quarter worth $1,481,000. 40.83% of the stock is currently owned by institutional investors and hedge funds.
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.
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