Daiwa Capital Markets begins hedging Autohome (NYSE:ATHM)

Daiwa Capital Markets investment analysts assumed hedging of the shares of Autohome (NYSE:ATHM- Get a rating) in a research report published on Tuesday, Briefing.com reports. The brokerage has set a “buy” rating on the shares of the information services provider.

Other stock research analysts have also published research reports on the stock. StockNews.com began covering Autohome shares in a research note on Thursday, March 31. They issued a “hold” rating for the company. Citigroup raised its price target on Autohome shares from $33.00 to $41.00 and gave the stock a “buy” rating in a Tuesday, June 28 research report. Finally, JPMorgan Chase & Co. cut its price target on Autohome shares from $33.00 to $25.00 in a Monday, March 14 research report. Two analysts have assigned the stock a sell rating, four have assigned a hold rating and four have assigned the stock a buy rating. According to MarketBeat, Autohome currently has a consensus rating of “Hold” and an average target price of $43.80.

ATHM stock opened at $35.19 on Tuesday. Autohome has a 1 year minimum of $20.49 and a 1 year maximum of $64.70. The company has a fifty-day simple moving average of $33.23 and a 200-day simple moving average of $31.00. The company has a market capitalization of $4.42 billion, a PE ratio of 15.64 and a beta of 0.16.

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Autohome (NYSE:ATHM- Get a rating) last released its quarterly earnings data on Tuesday, May 24. The information services provider reported earnings per share (EPS) of $0.50 for the quarter, beating the consensus estimate of $0.45 by $0.05. Autohome had a net margin of 26.48% and a return on equity of 10.12%. The company posted revenue of $232.10 million in the quarter, compared to analyst estimates of $215.41 million. In the same quarter of the previous year, the company achieved EPS of $0.92. Autohome’s quarterly revenue was down 17.4% from the same quarter last year. Sell-side analysts expect Autohome to post earnings per share of 2.15 for the current fiscal year.

A number of large investors have recently increased or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in Autohome by 12.7% in the first quarter. Quadrant Capital Group LLC now owns 3,645 shares of the information services provider valued at $111,000 after buying 411 additional shares last quarter. Toroso Investments LLC increased its position in Autohome by 2.9% in the first quarter. Toroso Investments LLC now owns 15,537 shares of the information services provider valued at $472,000 after buying an additional 438 shares last quarter. Royal Bank of Canada increased its position in Autohome by 4.3% in the first quarter. Royal Bank of Canada now owns 13,885 shares of the information services provider valued at $421,000 after buying an additional 575 shares last quarter. Lindbrook Capital LLC increased its position in Autohome shares by 159.9% during the first quarter. Lindbrook Capital LLC now owns 941 shares of the information services provider worth $29,000 after buying an additional 579 shares in the last quarter. Finally, Citigroup Inc. raised its position in Autohome shares by 0.5% during the fourth quarter. Citigroup Inc. now owns 128,849 shares of the information services provider worth $3,799,000 after buying an additional 642 shares last quarter. Hedge funds and other institutional investors own 51.44% of the company’s shares.

About Auto-Home (Get a rating)

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

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