Autohome (NYSE:ATHM) Sees Unusually-High Trading Volume – Here’s What Happened

Autohome Inc. (NYSE:ATHM) shares saw unusually-high trading volume on Friday . Approximately 396,367 shares changed hands during mid-day trading, a decline of 24% from the previous session’s volume of 518,243 shares.The stock last traded at $25.83 and had previously closed at $25.75.

Analyst Ratings Changes

ATHM has been the subject of several research reports. JPMorgan Chase & Co. upgraded Autohome from a “neutral” rating to an “overweight” rating and raised their target price for the company from $24.00 to $36.00 in a research note on Wednesday, March 12th. StockNews.com cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.00.

Autohome Trading Down 0.6%

The firm has a market cap of $3.07 billion, a P/E ratio of 13.84 and a beta of 0.02. The company’s 50-day moving average is $27.09 and its two-hundred day moving average is $27.56.

Autohome (NYSE:ATHM) last posted its earnings results on Thursday, February 20th. The information services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. Autohome had a net margin of 23.02% and a return on equity of 7.79%. The firm had revenue of $244.33 million for the quarter, compared to analysts’ expectations of $243.26 million. Research analysts anticipate that Autohome Inc. will post 1.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Autohome

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Autohome by 3.1% during the 4th quarter. JPMorgan Chase & Co. now owns 159,800 shares of the information services provider’s stock worth $4,147,000 after buying an additional 4,812 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Autohome by 27.4% during the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock worth $222,000 after buying an additional 1,841 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Autohome by 15.1% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 108,173 shares of the information services provider’s stock worth $2,807,000 after buying an additional 14,200 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Autohome by 140.5% during 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 buying an additional 1,004,043 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Autohome by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider’s stock worth $261,000 after buying an additional 2,652 shares in the last quarter. Institutional investors 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.