Ritholtz Wealth Management Reduces Stake in Autohome Inc. $ATHM

Ritholtz Wealth Management reduced its position in Autohome Inc. (NYSE:ATHM) by 15.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,228 shares of the information services provider’s stock after selling 2,509 shares during the period. Ritholtz Wealth Management’s holdings in Autohome were worth $341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Autohome by 40.5% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 56,220 shares of the information services provider’s stock worth $1,450,000 after buying an additional 16,212 shares during the last quarter. Signaturefd LLC lifted its position in Autohome by 40.6% during the second quarter. Signaturefd LLC now owns 1,466 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 423 shares in the last quarter. Parallel Advisors LLC lifted its position in Autohome by 42.4% during the second quarter. Parallel Advisors LLC now owns 2,212 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 659 shares in the last quarter. Swedbank AB lifted its position in Autohome by 71.8% during the first quarter. Swedbank AB now owns 61,986 shares of the information services provider’s stock valued at $1,718,000 after purchasing an additional 25,900 shares in the last quarter. Finally, Guinness Asset Management LTD lifted its position in Autohome by 147.3% during the first quarter. Guinness Asset Management LTD now owns 1,978 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 1,178 shares in the last quarter. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Stock Down 1.2%

NYSE:ATHM opened at $27.77 on Tuesday. The business’s 50-day simple moving average is $28.65 and its two-hundred day simple moving average is $27.12. The stock has a market cap of $3.24 billion, a PE ratio of 16.33 and a beta of 0.09. Autohome Inc. has a 52 week low of $23.39 and a 52 week high of $32.70.

Autohome Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, October 20th. Autohome’s dividend payout ratio (DPR) is currently 66.47%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Autohome in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Autohome 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.