Autohome Inc. (NYSE:ATHM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “

A number of other equities analysts have also recently issued reports on the company. Benchmark Co. raised Autohome from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Thursday, August 10th. Deutsche Bank AG raised Autohome from a “hold” rating to a “buy” rating and upped their target price for the stock from $36.00 to $65.00 in a report on Thursday, August 10th. ValuEngine cut Autohome from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, UBS AG cut Autohome from a “neutral” rating to a “sell” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Autohome has an average rating of “Hold” and a consensus price target of $56.50.

Autohome (NYSE:ATHM) traded up 0.89% during trading on Friday, reaching $65.83. The company had a trading volume of 1,409,510 shares. The firm’s 50 day moving average price is $60.06 and its 200 day moving average price is $44.14. Autohome has a 12-month low of $22.07 and a 12-month high of $67.69. The firm has a market capitalization of $7.64 billion, a PE ratio of 34.65 and a beta of 2.19.

Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $209.49 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate that Autohome will post $2.52 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company bought a new stake in shares of Autohome in the 2nd quarter valued at about $413,000. State Street Corp grew its position in shares of Autohome by 1,384.9% in the 2nd quarter. State Street Corp now owns 669,138 shares of the information services provider’s stock valued at $30,354,000 after buying an additional 624,076 shares during the last quarter. Prudential PLC grew its position in shares of Autohome by 67.2% in the 2nd quarter. Prudential PLC now owns 848,100 shares of the information services provider’s stock valued at $38,470,000 after buying an additional 340,900 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Autohome by 264.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 237,731 shares of the information services provider’s stock valued at $10,783,000 after buying an additional 172,429 shares during the last quarter. Finally, UBS Oconnor LLC bought a new stake in shares of Autohome in the 2nd quarter valued at about $1,977,000. Hedge funds and other institutional investors own 40.15% of the company’s stock.

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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