Autohome (NYSE:ATHM) Sets New 52-Week High at $32.87

Shares of Autohome Inc. (NYSE:ATHM) hit a new 52-week high on Thursday . The company traded as high as $32.87 and last traded at $32.87, with a volume of 5377 shares. The stock had previously closed at $30.65.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ATHM shares. Benchmark cut Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $28.00 price target (down from $31.00) on shares of Autohome in a research note on Friday, July 19th.

Autohome Price Performance

The firm has a fifty day simple moving average of $25.29 and a 200-day simple moving average of $26.44. The firm has a market cap of $3.90 billion, a P/E ratio of 14.53 and a beta of 0.15.

Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, July 31st. The information services provider reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $4.12. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. Autohome had a net margin of 25.81% and a return on equity of 8.19%. Autohome’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. On average, equities analysts predict that Autohome Inc. will post 2.02 earnings per share for the current year.

Autohome announced that its Board of Directors has approved a share repurchase program on Wednesday, September 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Autohome

Institutional investors and hedge funds have recently bought and sold shares of the stock. FIL Ltd grew its position in Autohome by 61.9% in the 4th quarter. FIL Ltd now owns 5,661,948 shares of the information services provider’s stock worth $158,874,000 after purchasing an additional 2,165,574 shares in the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of Autohome by 0.9% in the 1st quarter. Mondrian Investment Partners LTD now owns 4,695,298 shares of the information services provider’s stock worth $123,111,000 after buying an additional 42,817 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Autohome by 14.7% in the 2nd quarter. Acadian Asset Management LLC now owns 4,440,462 shares of the information services provider’s stock worth $121,859,000 after buying an additional 568,474 shares during the last quarter. M&G Plc grew its holdings in shares of Autohome by 3.3% in the second quarter. M&G Plc now owns 3,088,758 shares of the information services provider’s stock valued at $83,396,000 after acquiring an additional 97,994 shares in the last quarter. Finally, Krane Funds Advisors LLC increased its position in shares of Autohome by 10.7% during the second quarter. Krane Funds Advisors LLC now owns 2,816,972 shares of the information services provider’s stock valued at $77,326,000 after acquiring an additional 272,092 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.