North of South Capital LLP Increases Stake in Autohome Inc. $ATHM

North of South Capital LLP boosted its holdings in shares of Autohome Inc. (NYSE:ATHM) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,284,939 shares of the information services provider’s stock after purchasing an additional 78,978 shares during the quarter. Autohome comprises about 6.3% of North of South Capital LLP’s investment portfolio, making the stock its 8th largest position. North of South Capital LLP owned about 1.96% of Autohome worth $65,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ATHM. Federated Hermes Inc. raised its position in shares of Autohome by 61.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,393,033 shares of the information services provider’s stock valued at $35,926,000 after buying an additional 530,152 shares in the last quarter. Norges Bank bought a new stake in Autohome during the second quarter worth approximately $12,120,000. Invesco Ltd. increased its stake in Autohome by 6.4% during the second quarter. Invesco Ltd. now owns 7,100,214 shares of the information services provider’s stock worth $183,115,000 after acquiring an additional 427,889 shares during the last quarter. Schroder Investment Management Group raised its position in Autohome by 32.0% during the second quarter. Schroder Investment Management Group now owns 1,215,213 shares of the information services provider’s stock valued at $31,340,000 after purchasing an additional 294,701 shares during the period. Finally, Long Corridor Asset Management Ltd lifted its stake in shares of Autohome by 72.5% in the 2nd quarter. Long Corridor Asset Management Ltd now owns 557,359 shares of the information services provider’s stock valued at $14,374,000 after purchasing an additional 234,276 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Zacks Research downgraded Autohome from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Autohome in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut shares of Autohome from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $36.00 to $28.00 in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Autohome presently has an average rating of “Reduce” and an average target price of $28.00.

Autohome Stock Performance

Shares of NYSE ATHM opened at $22.60 on Friday. Autohome Inc. has a fifty-two week low of $21.78 and a fifty-two week high of $32.70. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 13.29 and a beta of 0.08. The business’s 50 day moving average price is $23.66 and its 200-day moving average price is $26.40.

Autohome Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, February 19th. Stockholders of record on Wednesday, December 31st will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, December 31st. Autohome’s dividend payout ratio (DPR) is 102.94%.

Autohome Profile

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.