Autohome (NYSE:ATHM) Shares Gap Down to $26.12

Autohome Inc. (NYSE:ATHM – Get Rating)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $26.12, but opened at $25.40. Autohome shares last traded at $25.49, with a volume of 5,065 shares.

A number of equities analysts recently commented on the company. StockNews.com assumed coverage on Autohome in a report on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. decreased their price target on Autohome from $33.00 to $25.00 in a report on Monday, March 14th. Zacks Investment Research raised Autohome from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 29th. Citigroup decreased their price target on Autohome from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, February 25th. Finally, Benchmark raised Autohome from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Monday, February 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.29.

The stock has a market cap of $3.30 billion, a PE ratio of 9.78 and a beta of 0.22. The stock has a 50-day moving average price of $28.94 and a two-hundred day moving average price of $33.71.

Autohome (NYSE:ATHM – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The information services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $265.80 million during the quarter, compared to analyst estimates of $265.90 million. Autohome had a return on equity of 11.85% and a net margin of 29.63%. The business’s quarterly revenue was down 30.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. As a group, sell-side analysts predict that Autohome Inc. will post 2.36 earnings per share for the current year.

The business also recently declared an annual dividend, which was paid on Tuesday, April 5th. Investors of record on Monday, March 21st were given a $0.53 dividend. The ex-dividend date was Friday, March 18th. This represents a yield of 1.95%. Autohome’s dividend payout ratio is currently 19.10%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATHM. Morgan Stanley grew its position in Autohome by 418.2% in the second quarter. Morgan Stanley now owns 177,034 shares of the information services provider’s stock worth $11,322,000 after acquiring an additional 142,871 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Autohome by 19.1% during the third quarter. Wolff Wiese Magana LLC now owns 2,093 shares of the information services provider’s stock valued at $98,000 after buying an additional 336 shares during the period. Signaturefd LLC boosted its position in shares of Autohome by 49.7% during the third quarter. Signaturefd LLC now owns 2,041 shares of the information services provider’s stock valued at $96,000 after buying an additional 678 shares during the period. M&T Bank Corp boosted its position in shares of Autohome by 34.2% during the third quarter. M&T Bank Corp now owns 30,726 shares of the information services provider’s stock valued at $1,442,000 after buying an additional 7,838 shares during the period. Finally, Vontobel Holding Ltd. boosted its position in shares of Autohome by 65.6% during the third quarter. Vontobel Holding Ltd. now owns 4,836 shares of the information services provider’s stock valued at $227,000 after buying an additional 1,915 shares during the period. Institutional investors own 52.66% of the company’s stock.

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, and its mobile applications and mini apps, delivers interactive content and tools to automobile consumers. It provides media services, including automaker advertising services and regional marketing campaigns; and leads generation services comprising dealer subscription services, advertising services for individual dealers, and used automobile listing and other platform-based services.

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