HSBC assumed coverage on shares of Autohome Inc (NASDAQ:ATHM) in a research report report published on Wednesday morning, The Fly reports. The brokerage issued a buy rating and a $34.00 target price on the stock.

ATHM has been the topic of several other reports. Zacks Investment Research raised Autohome from a sell rating to a hold rating in a report on Wednesday, January 6th. Goldman Sachs reduced their target price on Autohome to $36.00 and set a neutral rating on the stock in a report on Monday, November 30th. Citigroup Inc. initiated coverage on Autohome in a report on Thursday, October 29th. They issued a buy rating and a $45.50 target price on the stock. Finally, Brean Capital reaffirmed a buy rating and issued a $43.00 target price (down from $50.00) on shares of Autohome in a report on Friday, November 6th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $50.88.

Shares of Autohome (NASDAQ:ATHM) traded up 0.61% on Wednesday, hitting $24.72. The stock had a trading volume of 1,080,301 shares. The company has a market cap of $2.79 billion and a P/E ratio of 19.67. Autohome has a 52-week low of $23.35 and a 52-week high of $56.59. The company has a 50-day moving average of $30.97 and a 200-day moving average of $33.13.

Autohome (NASDAQ:ATHM) last issued its earnings results on Thursday, November 5th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.11 by $1.76. During the same quarter last year, the business earned $0.27 earnings per share. The firm earned $141.39 million during the quarter, compared to analysts’ expectations of $884.77 million. The company’s revenue was up 59.2% on a year-over-year basis. On average, equities analysts anticipate that Autohome will post $9.06 EPS for the current fiscal year.

Several hedge funds and institutional investors have made changes to their positions in ATHM. DNB Asset Management acquired a new position in shares of Autohome during the fourth quarter valued at about $4,445,491. Acadian Asset Management raised its position in shares of Autohome by 51.0% in the fourth quarter. Acadian Asset Management now owns 83,694 shares of the company’s stock valued at $2,921,000 after buying an additional 28,272 shares during the period. Vontobel Asset Management raised its position in shares of Autohome by 1.4% in the fourth quarter. Vontobel Asset Management now owns 1,921,603 shares of the company’s stock valued at $67,845,000 after buying an additional 26,989 shares during the period. Regions Financial Corp raised its position in shares of Autohome by 11.6% in the fourth quarter. Regions Financial Corp now owns 42,521 shares of the company’s stock valued at $1,485,000 after buying an additional 4,412 shares during the period. Finally, Neuberger Berman Group LLC acquired a new position in shares of Autohome during the fourth quarter valued at about $544,000.

Autohome Inc., is an online destination for automobile consumers in China. The Company provides online advertising and dealer subscription services through its Websites and mobile applications. These services are offered to automakers and dealers, and advertising agencies. Its Websites include autohome.com.cn and che168.com. Its logo (NASDAQ:ATHM) brand is the searched automotive-related keyword on Baidu.com, the Chinese language Internet search engine. The content it provides to its users includes professionally produced content serves consumers throughout the automobile ownership life cycle; user generated content is the online community of automotive consumers in China; automobile library is the online automobile library in China with vehicle model configurations and photos, and automobile listing information features up-to-date listings of both new and used automobiles on its Websites. The Company provides its advertisers with a range of advertising solutions and tools.

12 Month Chart for NASDAQ:ATHM

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