Autohome (NYSE:ATHM) Rating Lowered to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Autohome (ATHM) from a "hold" to a "sell"; Weiss Ratings also cut to sell while Zacks moved to hold, leaving MarketBeat's consensus at "Reduce" with an average target price of $28.00.
• ATHM opened at $18.52 with a market cap of $2.13 billion and a P/E of 11.29, trading near its 50-day moving average ($18.72) and below its 200-day average ($22.09), inside a one-year range of $16.74–$29.92.
• Autohome reported quarterly EPS of $0.09 on $208.96 million in revenue, with a 21.43% net margin and 5.94% ROE, and analysts forecast $1.28 in EPS for the current fiscal year.

Autohome (NYSE:ATHM - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Several other analysts have also recently commented on the stock. Benchmark reaffirmed a "hold" rating on shares of Autohome in a research note on Tuesday, February 24th. Weiss Ratings cut shares of Autohome from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday. Finally, Zacks Research raised shares of Autohome from a "strong sell" rating to a "hold" rating in a research note on Monday, April 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. According to data from MarketBeat.com, Autohome currently has an average rating of "Reduce" and an average target price of $28.00.

Autohome Stock Performance

ATHM stock opened at $18.52 on Friday. The stock has a market capitalization of $2.13 billion, a P/E ratio of 11.29 and a beta of 0.20. Autohome has a one year low of $16.74 and a one year high of $29.92. The company has a 50 day moving average price of $18.72 and a two-hundred day moving average price of $22.09.

Autohome (NYSE:ATHM - Get Free Report) last released its earnings results on Sunday, February 15th. The information services provider reported $0.09 EPS for the quarter. The firm had revenue of $208.96 million during the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. Research analysts forecast that Autohome will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of Autohome

Several institutional investors have recently made changes to their positions in ATHM. The Manufacturers Life Insurance Company grew its position in Autohome by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider's stock worth $236,000 after purchasing an additional 438 shares during the last quarter. Guinness Asset Management LTD grew its position in Autohome by 20.9% in the 3rd quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider's stock worth $79,000 after purchasing an additional 469 shares during the last quarter. Mondrian Investment Partners LTD grew its position in Autohome by 10.1% in the 4th quarter. Mondrian Investment Partners LTD now owns 5,714 shares of the information services provider's stock worth $127,000 after purchasing an additional 523 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Autohome by 5.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,101 shares of the information services provider's stock worth $247,000 after purchasing an additional 601 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Autohome by 30.5% in the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider's stock worth $82,000 after acquiring an additional 674 shares during the period. 63.08% of the stock is owned by hedge funds and other institutional investors.

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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