Autohome Inc. (NYSE:ATHM) Receives $28.00 Average PT from Analysts

Autohome Inc. (NYSE:ATHM) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

Several equities research analysts have weighed in on ATHM shares. The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Autohome Stock Up 3.1 %

Shares of Autohome stock opened at $29.52 on Wednesday. The stock has a market capitalization of $3.58 billion, a P/E ratio of 15.96 and a beta of 0.20. The company has a 50-day simple moving average of $27.70 and a 200 day simple moving average of $28.08. Autohome has a 12-month low of $21.89 and a 12-month high of $34.70.

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

Institutional Investors Weigh In On Autohome

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in shares of Autohome by 7.0% in the 4th quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider’s stock valued at $165,776,000 after purchasing an additional 415,515 shares during the last quarter. M&G PLC boosted its stake in shares of Autohome by 9.6% in the 3rd quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock valued at $111,701,000 after purchasing an additional 296,107 shares during the last quarter. Krane Funds Advisors LLC boosted its stake in shares of Autohome by 7.2% in the 4th quarter. Krane Funds Advisors LLC now owns 2,852,716 shares of the information services provider’s stock valued at $74,028,000 after purchasing an additional 191,845 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Autohome by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 2,475,258 shares of the information services provider’s stock valued at $64,233,000 after purchasing an additional 130,983 shares during the last quarter. Finally, North of South Capital LLP boosted its stake in shares of Autohome by 16.3% in the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock valued at $51,001,000 after purchasing an additional 274,974 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

About Autohome

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.