Autohome (NYSE:ATHM) Shares Up 3.9% - Still a Buy?

Autohome Inc. (NYSE:ATHM - Get Free Report) traded up 3.9% during trading on Monday . The company traded as high as $26.91 and last traded at $26.83. 232,708 shares changed hands during trading, a decline of 55% from the average session volume of 518,708 shares. The stock had previously closed at $25.82.

Wall Street Analyst Weigh In

ATHM has been the topic of several research reports. JPMorgan Chase & Co. raised shares of Autohome from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $24.00 to $36.00 in a research note on Wednesday, March 12th. StockNews.com cut shares of Autohome from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Autohome presently has a consensus rating of "Hold" and an average price target of $32.00.

Autohome Stock Down 1.1 %

The firm's fifty day moving average price is $28.07 and its 200-day moving average price is $27.96. The stock has a market cap of $3.33 billion, a P/E ratio of 15.00 and a beta of 0.16.

Autohome (NYSE:ATHM - Get Free Report) last announced its quarterly 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. Autohome had a net margin of 23.02% and a return on equity of 7.79%. The business had revenue of $244.33 million for the quarter, compared to analyst estimates of $243.26 million. Sell-side analysts predict that Autohome Inc. will post 1.84 earnings per share for the current year.

Institutional Investors Weigh In On Autohome

A number of large investors have recently made changes to their positions in ATHM. KBC Group NV bought a new position in shares of Autohome during the first quarter valued at approximately $2,173,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Autohome by 6,649.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 724,773 shares of the information services provider's stock worth $20,091,000 after purchasing an additional 714,034 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Autohome by 33.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,299,013 shares of the information services provider's stock worth $63,729,000 after purchasing an additional 580,252 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Autohome by 18.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 11,509 shares of the information services provider's stock valued at $319,000 after purchasing an additional 1,767 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of Autohome by 51.3% during the 1st quarter. Ritholtz Wealth Management now owns 15,737 shares of the information services provider's stock valued at $436,000 after purchasing an additional 5,338 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors.

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.