Autohome (NYSE:ATHM) Sets New 1-Year Low – Here’s Why

Autohome Inc. (NYSE:ATHMGet Free Report) hit a new 52-week low on Thursday . The company traded as low as $15.57 and last traded at $16.6710, with a volume of 185625 shares changing hands. The stock had previously closed at $16.38.

Autohome News Roundup

Here are the key news stories impacting Autohome this week:

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ATHM shares. HSBC cut Autohome from a “buy” rating to a “hold” rating and set a $17.30 price objective on the stock. in a report on Thursday, May 14th. Benchmark reiterated a “hold” rating on shares of Autohome in a research report on Tuesday, February 24th. Weiss Ratings cut shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Wall Street Zen cut shares of Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Autohome has an average rating of “Reduce” and an average price target of $22.65.

Check Out Our Latest Analysis on Autohome

Autohome Trading Up 1.1%

The stock has a 50 day simple moving average of $17.89 and a 200 day simple moving average of $20.67. The firm has a market capitalization of $2.01 billion, a PE ratio of 13.35 and a beta of 0.26.

Autohome (NYSE:ATHMGet Free Report) last announced its quarterly earnings results on Sunday, February 15th. The information services provider reported $0.09 EPS for the quarter. The business had revenue of $208.96 million for the quarter. Autohome had a return on equity of 4.99% and a net margin of 17.91%. As a group, equities analysts anticipate that Autohome Inc. will post 1.24 earnings per share for the current year.

Autohome Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd will be given a $0.66 dividend. The ex-dividend date is Thursday, July 2nd. Autohome’s payout ratio is presently 183.97%.

Hedge Funds Weigh In On Autohome

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Autohome by 159.7% in the first quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider’s stock valued at $6,337,000 after acquiring an additional 224,318 shares during the period. Royal Bank of Canada increased its stake in shares of Autohome by 35.2% during the first quarter. Royal Bank of Canada now owns 72,460 shares of the information services provider’s stock valued at $1,259,000 after buying an additional 18,871 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of Autohome during the first quarter valued at approximately $184,000. Renaissance Technologies LLC purchased a new position in shares of Autohome during the first quarter valued at approximately $2,418,000. Finally, First Trust Advisors LP purchased a new position in shares of Autohome during the first quarter valued at approximately $5,714,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.

About Autohome

(Get Free Report)

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.

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