Autohome (ATHM) Trading Up 6.7%

Autohome Inc (NYSE:ATHM) was up 6.7% during trading on Wednesday . The company traded as high as $73.28 and last traded at $72.38. Approximately 1,804,765 shares traded hands during trading, an increase of 104% from the average daily volume of 883,505 shares. The stock had previously closed at $67.83.

A number of equities research analysts have recently commented on ATHM shares. Zacks Investment Research raised Autohome from a “hold” rating to a “strong-buy” rating and set a $121.00 price target on the stock in a research report on Tuesday, July 10th. ValuEngine raised Autohome from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. JPMorgan Chase & Co. started coverage on Autohome in a research report on Wednesday, August 29th. They issued a “hold” rating and a $80.00 target price on the stock. Finally, CLSA set a $95.00 target price on Autohome and gave the company a “buy” rating in a research report on Tuesday, October 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $80.00.

The stock has a market cap of $8.41 billion, a PE ratio of 27.52 and a beta of 1.97.

Autohome (NYSE:ATHM) last announced its earnings results on Wednesday, August 8th. The information services provider reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.03. Autohome had a return on equity of 27.64% and a net margin of 36.15%. The business had revenue of $282.43 million for the quarter. As a group, equities analysts expect that Autohome Inc will post 3.34 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Signaturefd LLC grew 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 valued at $114,000 after purchasing an additional 763 shares in the last quarter. Fortis Advisors LLC bought a new position in Autohome in the second quarter valued at approximately $126,000. Guinness Asset Management Ltd grew 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 valued at $134,000 after purchasing an additional 1,220 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Autohome in the second quarter valued at approximately $178,000. Finally, Epoch Investment Partners Inc. bought a new position in Autohome in the second quarter valued at approximately $200,000. Hedge funds and other institutional investors own 44.84% of the company’s stock.

Autohome Company Profile (NYSE:ATHM)

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.

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