Shares of Autohome Inc. (NYSE:ATHM – Get Free Report) fell 3.2% during mid-day trading on Monday after Jefferies Financial Group lowered their price target on the stock from $48.00 to $46.00. The stock traded as low as $30.11 and last traded at $30.25. 10,045 shares were traded during mid-day trading, a decline of 98% from the average session volume of 527,788 shares. The stock had previously closed at $31.24.
Separately, StockNews.com raised Autohome from a “hold” rating to a “buy” rating in a report on Monday, May 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.38.
Institutional Trading of Autohome
Several hedge funds have recently bought and sold shares of ATHM. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Autohome by 137.5% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 44,775 shares of the information services provider’s stock valued at $1,316,000 after buying an additional 25,922 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Autohome by 39.7% during the 1st quarter. JPMorgan Chase & Co. now owns 186,914 shares of the information services provider’s stock worth $5,684,000 after acquiring an additional 53,122 shares during the period. BlackRock Inc. raised its stake in Autohome by 1.3% during the 1st quarter. BlackRock Inc. now owns 3,863,666 shares of the information services provider’s stock worth $117,497,000 after acquiring an additional 50,368 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Autohome by 2.4% in the first quarter. Great West Life Assurance Co. Can now owns 93,217 shares of the information services provider’s stock worth $2,954,000 after purchasing an additional 2,200 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Autohome by 3.9% in the first quarter. Vanguard Group Inc. now owns 2,106,816 shares of the information services provider’s stock worth $64,068,000 after purchasing an additional 78,170 shares in the last quarter. Institutional investors own 48.07% of the company’s stock.
Autohome Stock Performance
Autohome (NYSE:ATHM – Get Free Report) last issued its quarterly earnings results on Thursday, May 11th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Autohome had a return on equity of 8.77% and a net margin of 27.00%. The business had revenue of $223.31 million during the quarter, compared to analysts’ expectations of $218.69 million. Analysts predict that Autohome Inc. will post 2.32 earnings per share for the current year.
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.
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