Krane Funds Advisors LLC Has $68.90 Million Stake in Autohome Inc. $ATHM

Krane Funds Advisors LLC reduced its position in shares of Autohome Inc. (NYSE:ATHMFree Report) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,095,012 shares of the information services provider’s stock after selling 292,040 shares during the quarter. Autohome accounts for 2.2% of Krane Funds Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Krane Funds Advisors LLC’s holdings in Autohome were worth $68,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Invesco Ltd. raised its position in Autohome by 12.2% during the third quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock valued at $227,497,000 after buying an additional 868,151 shares during the period. Norges Bank purchased a new stake in shares of Autohome in the fourth quarter worth approximately $14,167,000. ABN Amro Investment Solutions boosted its holdings in shares of Autohome by 265.8% during the fourth quarter. ABN Amro Investment Solutions now owns 208,749 shares of the information services provider’s stock worth $4,647,000 after purchasing an additional 151,690 shares during the period. UBS Group AG grew its position in Autohome by 33.3% during the fourth quarter. UBS Group AG now owns 595,970 shares of the information services provider’s stock valued at $13,266,000 after purchasing an additional 148,865 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Autohome by 117.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 224,447 shares of the information services provider’s stock valued at $6,410,000 after buying an additional 121,211 shares during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.

Insider Activity at Autohome

In other news, CFO Yan Zeng sold 24,300 shares of Autohome stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $4.35, for a total value of $105,705.00. Following the transaction, the chief financial officer owned 169,940 shares of the company’s stock, valued at $739,239. This trade represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Bibo Xiang sold 10,508 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $4.35, for a total transaction of $45,709.80. Following the completion of the sale, the chief technology officer owned 62,368 shares of the company’s stock, valued at $271,300.80. The trade was a 14.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ATHM. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen cut Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. dropped their target price on Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. HSBC downgraded Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target for the company. in a research note on Thursday, May 14th. Finally, Benchmark reissued a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $17.15.

Check Out Our Latest Stock Analysis on Autohome

Autohome Price Performance

Autohome stock opened at $16.52 on Monday. Autohome Inc. has a one year low of $15.57 and a one year high of $29.92. The company’s fifty day moving average price is $17.88 and its two-hundred day moving average price is $20.40. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 12.61 and a beta of 0.23.

Autohome (NYSE:ATHMGet Free Report) last released its quarterly earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $208.96 million during the quarter. Autohome had a return on equity of 5.01% and a net margin of 17.91%. As a group, sell-side analysts anticipate that Autohome Inc. will post 1.24 earnings per share for the current year.

Autohome Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, July 2nd. Autohome’s dividend payout ratio is presently 183.97%.

Autohome Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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