Autohome (NYSE:ATHM) Trading Up 6.6% - Should You Buy?

Key Points

• Shares rose 6.6% to $19.14 on Thursday, but volume was light at about 233,017 shares (down 66% versus the 693,512 average), indicating the move occurred on below‑average participation.
• Analysts overall rate ATHM as a "Reduce" (three Holds and one Sell) with an average price target of $28.00, and several recent downgrades including Zacks' cut to a "strong sell."
• Fundamentals show a market cap of $2.25 billion, a P/E of 11.34 and low beta (0.12), while the stock is trading below both its 50‑day ($21.77) and 200‑day ($24.81) moving averages, signaling weaker technical momentum.

Autohome Inc. (NYSE:ATHM - Get Free Report)'s stock price rose 6.6% during trading on Thursday . The stock traded as high as $19.18 and last traded at $19.14. Approximately 233,017 shares changed hands during trading, a decline of 66% from the average daily volume of 693,512 shares. The stock had previously closed at $17.96.

Wall Street Analyst Weigh In

ATHM has been the subject of several recent analyst reports. Weiss Ratings restated a "hold (c-)" rating on shares of Autohome in a research report on Monday, December 29th. Zacks Research cut Autohome from a "hold" rating to a "strong sell" rating in a report on Friday, February 13th. Finally, Benchmark reiterated a "hold" rating on shares of Autohome in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $28.00.

Autohome Stock Performance

The firm has a fifty day simple moving average of $21.77 and a 200 day simple moving average of $24.81. The company has a market capitalization of $2.25 billion, a PE ratio of 11.34 and a beta of 0.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATHM. Raymond James Financial Inc. bought a new stake in shares of Autohome in the 2nd quarter valued at about $29,000. PNC Financial Services Group Inc. raised its stake in Autohome by 124.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider's stock worth $34,000 after buying an additional 739 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Autohome by 205.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider's stock worth $37,000 after buying an additional 1,112 shares during the period. Guinness Asset Management LTD lifted its holdings in Autohome by 20.9% during the third quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider's stock worth $79,000 after buying an additional 469 shares during the period. Finally, Parallel Advisors LLC boosted its position in Autohome by 30.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider's stock valued at $82,000 after acquiring an additional 674 shares in the last quarter. 63.08% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.