Autohome (NYSE:ATHM) Cut to Sell at Wall Street Zen
by Renee Jackson · The Cerbat GemWall Street Zen lowered shares of Autohome (NYSE:ATHM – Free Report) from a hold rating to a sell rating in a research note published on Saturday morning.
A number of other analysts have also recently weighed in on ATHM. Benchmark restated a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th. Weiss Ratings cut Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Finally, Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $28.00.
Check Out Our Latest Stock Analysis on ATHM
Autohome Trading Up 0.0%
Shares of NYSE ATHM opened at $18.50 on Friday. The stock has a market cap of $2.13 billion, a P/E ratio of 11.28 and a beta of 0.20. Autohome has a 12-month low of $16.74 and a 12-month high of $29.92. The business’s fifty day simple moving average is $18.67 and its 200-day simple moving average is $21.93.
Autohome (NYSE:ATHM – Get Free Report) last posted its quarterly earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. Autohome had a return on equity of 5.94% and a net margin of 21.43%.The company had revenue of $208.96 million for the quarter. On average, equities analysts forecast that Autohome will post 1.28 EPS for the current fiscal year.
Hedge Funds Weigh In On Autohome
Several hedge funds have recently made changes to their positions in ATHM. Federated Hermes Inc. grew its holdings in shares of Autohome by 86.9% during the fourth quarter. Federated Hermes Inc. now owns 2,852,839 shares of the information services provider’s stock worth $63,504,000 after purchasing an additional 1,326,281 shares during the last quarter. Invesco Ltd. raised its position in Autohome by 12.2% in the 3rd quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock valued at $227,497,000 after purchasing an additional 868,151 shares during the last quarter. Krane Funds Advisors LLC raised its position in Autohome by 25.0% in the 3rd quarter. Krane Funds Advisors LLC now owns 3,387,052 shares of the information services provider’s stock valued at $93,178,000 after purchasing an additional 678,214 shares during the last quarter. Norges Bank purchased a new stake in Autohome in the 4th quarter valued at $14,167,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Autohome in the 4th quarter valued at $10,937,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.
About Autohome
Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.
In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.