Autohome Inc. (NYSE:ATHM) Receives Average Rating of “Hold” from Brokerages

Autohome Inc. (NYSE:ATHM) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $28.00.

ATHM has been the topic of several recent analyst reports. StockNews.com cut Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research report on Wednesday, December 11th.

Autohome Stock Performance

Autohome stock opened at $28.71 on Wednesday. Autohome has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The company has a market capitalization of $3.48 billion, a P/E ratio of 15.52 and a beta of 0.18. The stock has a 50-day simple moving average of $27.40 and a 200-day simple moving average of $27.82.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. The firm had revenue of $244.33 million during the quarter, compared to the consensus estimate of $243.26 million. Autohome had a return on equity of 7.79% and a net margin of 23.02%. As a group, analysts forecast that Autohome will post 1.84 earnings per share for the current year.

Institutional Investors Weigh In On Autohome

A number of institutional investors and hedge funds have recently modified their holdings of ATHM. Robeco Institutional Asset Management B.V. grew its holdings in shares of Autohome by 140.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider’s stock worth $44,602,000 after acquiring an additional 1,004,043 shares during the period. Norges Bank acquired a new stake in shares of Autohome in the 4th quarter worth approximately $12,195,000. Invesco Ltd. grew its holdings in shares of Autohome by 7.0% in the 4th quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider’s stock worth $165,776,000 after acquiring an additional 415,515 shares during the period. M&G PLC grew its holdings in shares of Autohome by 9.6% in the 3rd quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock worth $111,701,000 after acquiring an additional 296,107 shares during the period. Finally, North of South Capital LLP grew its holdings in shares of Autohome by 16.3% in the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock worth $51,001,000 after acquiring an additional 274,974 shares during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.