Autohome (ATHM) Stock Price Down 9.3%

Autohome Inc (NYSE:ATHM) shares traded down 9.3% during mid-day trading on Thursday . The stock traded as low as $69.54 and last traded at $70.17. 1,169,792 shares changed hands during trading, an increase of 33% from the average session volume of 882,338 shares. The stock had previously closed at $77.35.

Several research analysts recently issued reports on the company. Zacks Investment Research lowered Autohome from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. assumed coverage on Autohome in a research report on Wednesday, August 29th. They set a “hold” rating and a $80.00 target price for the company. ValuEngine raised Autohome from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Finally, CLSA set a $95.00 target price on Autohome and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Autohome presently has an average rating of “Buy” and an average price target of $83.50.

The stock has a market capitalization of $9.14 billion, a PE ratio of 26.11 and a beta of 1.86.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $282.43 million during the quarter. On average, equities research analysts anticipate that Autohome Inc will post 3.4 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC raised its position in shares of Autohome by 5.2% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 10,941 shares of the information services provider’s stock worth $1,105,000 after acquiring an additional 538 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Autohome by 5.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 11,100 shares of the information services provider’s stock worth $1,121,000 after acquiring an additional 600 shares in the last quarter. Atria Investments LLC raised its position in shares of Autohome by 7.9% in the 2nd quarter. Atria Investments LLC now owns 8,970 shares of the information services provider’s stock worth $906,000 after acquiring an additional 656 shares in the last quarter. Signaturefd LLC raised its position in shares of Autohome by 209.0% in the 2nd quarter. Signaturefd LLC now owns 1,128 shares of the information services provider’s stock worth $114,000 after acquiring an additional 763 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Autohome by 6.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 13,252 shares of the information services provider’s stock worth $1,140,000 after acquiring an additional 805 shares in the last quarter. 44.95% of the stock is owned by hedge funds and other institutional investors.

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About Autohome (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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