Autohome Inc. (NYSE:ATHM) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $66.88 and last traded at $67.28, with a volume of 722,360 shares trading hands. The stock had previously closed at $65.19.

A number of brokerages recently issued reports on ATHM. Benchmark Co. raised shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Thursday, August 10th. Deutsche Bank AG raised shares of Autohome from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $65.00 in a research report on Thursday, August 10th. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Monday, July 10th. Finally, UBS AG cut shares of Autohome from a “neutral” rating to a “sell” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Autohome has a consensus rating of “Buy” and a consensus price target of $50.20.

The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 34.31 and a beta of 2.25. The stock has a 50-day moving average of $52.23 and a 200 day moving average of $40.77.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.14. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The business had revenue of $230.40 million during the quarter, compared to the consensus estimate of $209.49 million. During the same period in the previous year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts predict that Autohome Inc. will post $2.46 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in ATHM. Vontobel Asset Management Inc. increased its position in shares of Autohome by 2,290.1% in the second quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock worth $206,105,000 after buying an additional 4,283,910 shares in the last quarter. BlackRock Inc. increased its position in shares of Autohome by 1,380.8% in the second quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after buying an additional 4,171,817 shares in the last quarter. Investec Asset Management LTD bought a new position in shares of Autohome during the first quarter worth approximately $52,283,000. Comgest Global Investors S.A.S. increased its position in shares of Autohome by 969.5% in the second quarter. Comgest Global Investors S.A.S. now owns 1,286,647 shares of the information services provider’s stock worth $58,362,000 after buying an additional 1,166,347 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of Autohome during the first quarter worth approximately $23,900,000. 34.48% of the stock is owned by institutional investors and hedge funds.

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About Autohome

Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.

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