Autohome (NYSE:ATHM) Hits New 52-Week Low – Should You Sell?

Autohome Inc. (NYSE:ATHM) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.67 and last traded at $16.7730, with a volume of 85327 shares traded. The stock had previously closed at $17.05.

Analysts Set New Price Targets

ATHM has been the topic of several recent research reports. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen cut shares of Autohome from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. HSBC cut shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price objective on the stock. in a research note on Thursday. Weiss Ratings cut shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Finally, Benchmark reaffirmed a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Autohome has a consensus rating of “Reduce” and a consensus target price of $22.65.

Autohome Stock Down 1.4%

The firm’s 50-day moving average price is $18.33 and its two-hundred day moving average price is $21.23. The firm has a market capitalization of $1.94 billion, a PE ratio of 10.28 and a beta of 0.26.

Autohome (NYSE:ATHM) last released its earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. The business had revenue of $208.96 million for the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. Equities research analysts forecast that Autohome Inc. will post 1.28 EPS for the current year.

Institutional Investors Weigh In On Autohome

Institutional investors have recently bought and sold shares of the business. Krane Funds Advisors LLC boosted its position in Autohome by 25.0% during the 3rd quarter. Krane Funds Advisors LLC now owns 3,387,052 shares of the information services provider’s stock worth $93,178,000 after acquiring an additional 678,214 shares during the period. Pictet Asset Management Holding SA grew its position in Autohome by 33.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 418,500 shares of the information services provider’s stock valued at $9,316,000 after purchasing an additional 104,800 shares in the last quarter. Federated Hermes Inc. grew its position in Autohome by 9.6% during the third quarter. Federated Hermes Inc. now owns 1,526,558 shares of the information services provider’s stock valued at $43,583,000 after purchasing an additional 133,525 shares in the last quarter. Kepler Cheuvreux Suisse SA purchased a new position in Autohome during the third quarter valued at approximately $1,837,000. Finally, Schroder Investment Management Group grew its position in Autohome by 7.3% during the third quarter. Schroder Investment Management Group now owns 1,304,270 shares of the information services provider’s stock valued at $37,237,000 after purchasing an additional 89,057 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Company Profile

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.