Zacks Investment Research lowered shares of Autohome (NYSE:ATHM) from a hold rating to a strong sell rating in a report issued on Wednesday morning, Zacks.com reports.

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. “

Several other research analysts have also recently weighed in on ATHM. CLSA set a $120.00 price objective on Autohome and gave the stock a buy rating in a research report on Monday, June 24th. Macquarie set a $131.00 price objective on Baidu and gave the stock a hold rating in a research report on Thursday, July 4th. Citigroup reaffirmed a buy rating and set a $110.00 price objective (down from $125.00) on shares of Autohome in a research report on Friday, July 5th. Sanford C. Bernstein began coverage on Autohome in a research report on Thursday, June 27th. They set an outperform rating and a $110.00 price objective for the company. Finally, ValuEngine cut Intersect ENT from a buy rating to a hold rating in a research report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Autohome has a consensus rating of Hold and a consensus price target of $107.33.

ATHM stock opened at $81.50 on Wednesday. The firm has a market capitalization of $9.63 billion, a PE ratio of 20.22, a P/E/G ratio of 0.91 and a beta of 1.48. The stock’s 50-day moving average price is $87.53. Autohome has a fifty-two week low of $61.43 and a fifty-two week high of $117.99.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, May 8th. The information services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $240.00 million during the quarter, compared to analysts’ expectations of $234.43 million. Autohome had a return on equity of 30.85% and a net margin of 40.12%. During the same period in the prior year, the firm earned $0.70 earnings per share. On average, equities analysts predict that Autohome will post 4.18 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NN Investment Partners Holdings N.V. boosted its position in Autohome by 100.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 4,000 shares of the information services provider’s stock valued at $342,000 after purchasing an additional 2,000 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Autohome by 9.0% during the second quarter. Xact Kapitalforvaltning AB now owns 10,900 shares of the information services provider’s stock valued at $933,000 after purchasing an additional 900 shares during the last quarter. WINTON GROUP Ltd boosted its position in Autohome by 4.6% during the second quarter. WINTON GROUP Ltd now owns 2,981 shares of the information services provider’s stock valued at $255,000 after purchasing an additional 130 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in Autohome by 133.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 375,152 shares of the information services provider’s stock valued at $39,436,000 after purchasing an additional 214,466 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new position in Autohome during the first quarter valued at approximately $12,336,000. 54.47% of the stock is owned by hedge funds and other institutional investors.

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.

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