Autohome (ATHM) Shares Down 6.5%

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Autohome Inc (NYSE:ATHM)’s share price was down 6.5% during mid-day trading on Monday . The company traded as low as $91.14 and last traded at $93.20. Approximately 1,158,850 shares traded hands during trading, an increase of 11% from the average daily volume of 1,046,690 shares. The stock had previously closed at $99.67.

A number of equities analysts have recently issued reports on ATHM shares. Bank of America increased their price objective on shares of Autohome from $96.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. JPMorgan Chase & Co. lowered shares of Autohome from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $68.00 to $58.00 in a report on Monday, January 28th. ValuEngine lowered shares of Autohome from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Credit Suisse Group lowered shares of Autohome from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $83.00 to $92.00 in a report on Wednesday, February 27th. Finally, Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $108.00 target price on the stock in a report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $99.76.

The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.05 and a beta of 1.39.

Autohome (NYSE:ATHM) last posted its earnings results on Wednesday, May 8th. The information services provider reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. Autohome had a net margin of 40.12% and a return on equity of 30.85%. The company had revenue of $240.00 million for the quarter, compared to analyst estimates of $234.43 million. During the same quarter in the prior year, the business posted $0.70 EPS. Equities research analysts expect that Autohome Inc will post 4.53 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of ATHM. Lindbrook Capital LLC increased its stake in shares of Autohome by 211.0% during the 1st quarter. Lindbrook Capital LLC now owns 255 shares of the information services provider’s stock worth $26,000 after purchasing an additional 173 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Autohome during the 4th quarter worth approximately $35,000. Quadrant Capital Group LLC purchased a new stake in shares of Autohome during the 4th quarter worth approximately $63,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Autohome during the 1st quarter worth approximately $106,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Autohome by 52.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,065 shares of the information services provider’s stock worth $112,000 after purchasing an additional 365 shares during the last quarter. Institutional investors own 52.41% of the company’s stock.

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Autohome Company Profile (NYSE:ATHM)

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.

Further Reading: Investing in Growth Stocks

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