Quantinno Capital Management LP trimmed its stake in shares of Autohome Inc. (NYSE:ATHM – Free Report) by 67.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,760 shares of the information services provider’s stock after selling 38,822 shares during the quarter. Quantinno Capital Management LP’s holdings in Autohome were worth $326,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Pictet Asset Management Holding SA increased its position in shares of Autohome by 33.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 418,500 shares of the information services provider’s stock valued at $9,316,000 after buying an additional 104,800 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Autohome in the first quarter worth about $1,014,000. Dimensional Fund Advisors LP boosted its position in shares of Autohome by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 370,108 shares of the information services provider’s stock valued at $6,424,000 after acquiring an additional 60,511 shares during the period. Renaissance Technologies LLC purchased a new position in Autohome during the first quarter valued at approximately $2,418,000. Finally, Vanguard Group Inc. increased its holdings in Autohome by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,682,506 shares of the information services provider’s stock worth $59,713,000 after acquiring an additional 39,969 shares during the period. Institutional investors own 63.08% of the company’s stock.
Analysts Set New Price Targets
ATHM has been the topic of several recent analyst reports. Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. HSBC lowered shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target for the company. in a research report on Thursday, May 14th. Wall Street Zen upgraded Autohome from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their price objective on Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Autohome in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Autohome presently has a consensus rating of “Reduce” and an average price target of $17.77.
Insider Activity
In other news, CFO Yan Zeng sold 24,300 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $4.35, for a total transaction of $105,705.00. Following the transaction, the chief financial officer directly owned 169,940 shares in the company, valued at approximately $739,239. This represents a 12.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $4.35, for a total value of $45,709.80. Following the transaction, the chief technology officer directly owned 62,368 shares in the company, valued at approximately $271,300.80. This represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 5.70% of the company’s stock.
Autohome Stock Performance
NYSE ATHM opened at $22.19 on Monday. Autohome Inc. has a 52-week low of $15.57 and a 52-week high of $29.92. The company has a market capitalization of $2.56 billion, a P/E ratio of 19.13 and a beta of 0.23. The company has a fifty day moving average of $20.87 and a 200-day moving average of $19.41.
Autohome Announces Dividend
The company also recently declared a special dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, July 2nd. Autohome’s payout ratio is 207.76%.
About Autohome
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.
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