Zacks Investment Research downgraded shares of Autohome (NYSE:ATHM) from a hold rating to a strong sell rating in a report published on Wednesday morning, Zacks.com reports.

According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “

Several other equities research analysts also recently weighed in on ATHM. Citigroup reaffirmed a buy rating and issued a $110.00 price target (down from $125.00) on shares of Autohome in a research note on Friday, July 5th. CLSA set a $120.00 price target on shares of Autohome and gave the company a buy rating in a research note on Monday, June 24th. ValuEngine downgraded shares of Intersect ENT from a buy rating to a hold rating in a research note on Monday, June 3rd. Macquarie set a $131.00 price target on shares of Baidu and gave the company a hold rating in a research note on Thursday, July 4th. Finally, Sanford C. Bernstein assumed coverage on shares of Autohome in a research note on Thursday, June 27th. They issued an outperform rating and a $110.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $107.33.

ATHM traded up $0.69 during midday trading on Wednesday, hitting $85.01. The company had a trading volume of 1,343,354 shares, compared to its average volume of 1,006,324. Autohome has a 52 week low of $61.43 and a 52 week high of $117.99. The stock has a market cap of $9.96 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 0.89 and a beta of 1.49. The stock’s 50 day simple moving average is $87.68.

Autohome (NYSE:ATHM) last posted its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.07. Autohome had a net margin of 40.12% and a return on equity of 30.85%. The firm had revenue of $240.00 million during the quarter, compared to the consensus estimate of $234.43 million. During the same period in the previous year, the firm posted $0.70 earnings per share. As a group, analysts predict that Autohome will post 4.59 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of ATHM. Lindbrook Capital LLC grew its holdings in shares of Autohome by 211.0% during the first quarter. Lindbrook Capital LLC now owns 255 shares of the information services provider’s stock valued at $26,000 after buying an additional 173 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Autohome by 15.0% during the first quarter. Quadrant Capital Group LLC now owns 951 shares of the information services provider’s stock worth $99,000 after purchasing an additional 124 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in Autohome during the first quarter worth about $106,000. Daiwa Securities Group Inc. boosted its holdings in Autohome by 52.1% during the first quarter. Daiwa Securities Group Inc. now owns 1,065 shares of the information services provider’s stock worth $112,000 after purchasing an additional 365 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Autohome by 24.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,523 shares of the information services provider’s stock worth $119,000 after purchasing an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 54.47% of the company’s stock.

About Autohome

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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