Autohome (NYSE:ATHM) Hits New 1-Year Low - Time to Sell?

Key Points

• Autohome hit a new 52-week low, trading as low as $17.38 (last $17.36), well below its 50-day ($20.76) and 200-day ($23.87) moving averages.
• Analyst consensus is Reduce with an average price target of $28.00; three analysts rate the stock Hold and one has issued a Sell (Zacks cut to Strong Sell).
• Institutional investors own 63.08% of the shares, and several hedge funds (including Mackenzie, Millennium, Balyasny, XTX and Quadrature) added or initiated positions in Q4, with Mackenzie increasing its stake by 819.7%.

Autohome Inc. (NYSE:ATHM - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $17.38 and last traded at $17.36, with a volume of 45810 shares. The stock had previously closed at $17.93.

Wall Street Analyst Weigh In

ATHM has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Autohome in a report on Monday, December 29th. Benchmark reissued a "hold" rating on shares of Autohome in a research note on Tuesday, February 24th. Finally, Zacks Research cut Autohome from a "hold" rating to a "strong sell" rating in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $28.00.

Autohome Stock Performance

The stock's 50 day simple moving average is $20.76 and its 200 day simple moving average is $23.87. The firm has a market cap of $2.00 billion, a PE ratio of 10.43 and a beta of 0.12.

Institutional Investors Weigh In On Autohome

Several hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in Autohome by 819.7% during the 4th quarter. Mackenzie Financial Corp now owns 102,088 shares of the information services provider's stock worth $2,368,000 after acquiring an additional 90,988 shares during the last quarter. XTX Topco Ltd bought a new stake in Autohome in the fourth quarter valued at approximately $1,359,000. Quadrature Capital Ltd purchased a new stake in shares of Autohome during the fourth quarter valued at approximately $220,000. Millennium Management LLC grew its holdings in shares of Autohome by 142.5% in the fourth quarter. Millennium Management LLC now owns 21,326 shares of the information services provider's stock worth $475,000 after purchasing an additional 12,531 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Autohome in the fourth quarter worth approximately $1,116,000. 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.

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