Autohome (NYSE:ATHM) Upgraded at Zacks Research

Zacks Research upgraded shares of Autohome (NYSE:ATHM) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Benchmark reiterated a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Autohome in a report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.00.

Autohome Trading Up 1.5%

ATHM stock opened at $18.40 on Monday. The company has a market capitalization of $2.15 billion, a P/E ratio of 11.22 and a beta of 0.20. Autohome has a twelve month low of $16.74 and a twelve month high of $29.92. The business has a 50 day simple moving average of $19.08 and a 200-day simple moving average of $22.53.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. The business had revenue of $208.96 million during the quarter. Autohome had a return on equity of 5.94% and a net margin of 21.43%. Research analysts predict that Autohome will post 1.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Invesco Ltd. raised its position in Autohome by 12.2% in the third quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock worth $227,497,000 after acquiring an additional 868,151 shares in the last quarter. FIL Ltd raised its position in Autohome by 0.5% in the fourth quarter. FIL Ltd now owns 4,308,693 shares of the information services provider’s stock worth $95,912,000 after acquiring an additional 20,228 shares in the last quarter. M&G PLC raised its position in Autohome by 13.7% in the fourth quarter. M&G PLC now owns 3,420,121 shares of the information services provider’s stock worth $75,243,000 after acquiring an additional 413,287 shares in the last quarter. Krane Funds Advisors LLC raised its position in Autohome by 25.0% in the third quarter. Krane Funds Advisors LLC now owns 3,387,052 shares of the information services provider’s stock worth $93,178,000 after acquiring an additional 678,214 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Autohome by 86.9% in the fourth quarter. Federated Hermes Inc. now owns 2,852,839 shares of the information services provider’s stock worth $63,504,000 after acquiring an additional 1,326,281 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Company Profile

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.