Autohome (ATHM) Shares Down 6.5%

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Autohome Inc (NYSE:ATHM) was down 6.5% on Thursday . The stock traded as low as $64.12 and last traded at $64.38. Approximately 1,465,960 shares traded hands during trading, an increase of 71% from the average daily volume of 858,972 shares. The stock had previously closed at $68.89.

ATHM has been the subject of several research analyst reports. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $121.00 target price for the company in a research report on Tuesday, July 10th. JPMorgan Chase & Co. initiated coverage on shares of Autohome in a research report on Wednesday, August 29th. They issued a “hold” rating and a $80.00 target price for the company. Finally, CLSA set a $95.00 target price on shares of Autohome and gave the stock a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Autohome currently has a consensus rating of “Buy” and an average target price of $87.50.

The stock has a market capitalization of $9.15 billion, a P/E ratio of 24.48 and a beta of 1.97.

Autohome (NYSE:ATHM) last posted its earnings results on Wednesday, August 8th. The information services provider reported $0.95 EPS for the quarter, topping the Thomson Reuters’ 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 anticipate that Autohome Inc will post 3.32 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its position in Autohome by 209.0% during the 2nd quarter. Signaturefd LLC now owns 1,128 shares of the information services provider’s stock valued at $114,000 after acquiring an additional 763 shares during the period. Fortis Advisors LLC purchased a new position in Autohome during the 2nd quarter valued at about $126,000. Guinness Asset Management Ltd lifted its position in Autohome by 1,109.1% during the 2nd quarter. Guinness Asset Management Ltd now owns 1,330 shares of the information services provider’s stock valued at $134,000 after acquiring an additional 1,220 shares during the period. Tower Research Capital LLC TRC purchased a new position in Autohome during the 2nd quarter valued at about $178,000. Finally, Epoch Investment Partners Inc. purchased a new position in Autohome during the 2nd quarter valued at about $200,000. 44.44% of the stock is owned by institutional investors.

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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