JPMorgan Chase & Co. Upgrades Autohome (NYSE:ATHM) to Overweight

Autohome (NYSE:ATHM) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday, MarketBeat reports. The firm presently has a $36.00 price target on the information services provider’s stock, up from their previous price target of $24.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 22.82% from the company’s current price.

ATHM has been the subject of a number of other research reports. StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research note on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Autohome currently has a consensus rating of “Hold” and an average target price of $32.00.

Autohome Price Performance

ATHM opened at $29.31 on Wednesday. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 15.84 and a beta of 0.20. Autohome has a 1-year low of $21.89 and a 1-year high of $34.70. The business has a 50 day moving average price of $28.27 and a two-hundred day moving average price of $28.33.

Autohome (NYSE:ATHM) last released its earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $244.33 million during the quarter, compared to the consensus estimate of $243.26 million. Autohome had a return on equity of 7.79% and a net margin of 23.02%. Equities analysts expect that Autohome will post 1.84 EPS for the current fiscal year.

Institutional Trading of Autohome

Several large investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd raised its stake in Autohome by 1.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock valued at $1,238,000 after purchasing an additional 394 shares during the period. Rhumbline Advisers increased its stake in shares of Autohome by 3.1% in the fourth quarter. Rhumbline Advisers now owns 13,761 shares of the information services provider’s stock worth $357,000 after acquiring an additional 420 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Autohome by 8.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after acquiring an additional 778 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Autohome by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 126,612 shares of the information services provider’s stock worth $3,286,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in shares of Autohome by 27.4% in the fourth quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock worth $222,000 after acquiring an additional 1,841 shares during the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.

Autohome Company Profile

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.