Zacks Investment Research upgraded shares of Autohome (NYSE:ATHM) from a sell rating to a hold rating in a report published on Tuesday.

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. “

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Autohome in a research note on Wednesday, August 29th. They issued a hold rating and a $80.00 price objective for the company. ValuEngine downgraded shares of Autohome from a buy rating to a hold rating in a research note on Monday, July 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $86.00.

Shares of NYSE:ATHM opened at $68.92 on Tuesday. Autohome has a 12 month low of $52.93 and a 12 month high of $119.50. The stock has a market capitalization of $9.15 billion, a P/E ratio of 25.77 and a beta of 1.97.

Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, August 8th. The information services provider reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.03. Autohome had a net margin of 36.15% and a return on equity of 27.64%. The firm had revenue of $282.43 million during the quarter. On average, research analysts expect that Autohome will post 3.32 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC lifted its stake in Autohome by 209.0% in the second quarter. Signaturefd LLC now owns 1,128 shares of the information services provider’s stock worth $114,000 after purchasing an additional 763 shares during the last quarter. Fortis Advisors LLC bought a new stake in Autohome in the second quarter worth about $126,000. Guinness Asset Management Ltd lifted its stake in Autohome by 1,109.1% in the second quarter. Guinness Asset Management Ltd now owns 1,330 shares of the information services provider’s stock worth $134,000 after purchasing an additional 1,220 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Autohome in the second quarter worth about $178,000. Finally, Epoch Investment Partners Inc. bought a new stake in Autohome in the second quarter worth about $200,000. 44.44% of the stock is owned by institutional investors and hedge funds.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

Featured Article: Penny Stocks

Get a free copy of the Zacks research report on Autohome (ATHM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Autohome (NYSE:ATHM)

Receive News & Ratings for Autohome Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autohome and related companies with MarketBeat.com's FREE daily email newsletter.