Autohome (NYSE:ATHM) Trading Up 5.6% – Here’s What Happened

Autohome Inc. (NYSE:ATHMGet Free Report) shot up 5.6% during trading on Wednesday . The stock traded as high as $19.75 and last traded at $19.72. Approximately 139,693 shares were traded during trading, a decline of 80% from the average session volume of 705,122 shares. The stock had previously closed at $18.67.

Analysts Set New Price Targets

ATHM has been the subject of several research reports. Wall Street Zen cut Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Zacks Research cut shares of Autohome from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Weiss Ratings downgraded Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. HSBC cut shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price objective on the stock. in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. lowered their price target on Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $17.15.

Get Our Latest Research Report on Autohome

Autohome Stock Down 1.6%

The stock has a market capitalization of $2.32 billion, a PE ratio of 15.41 and a beta of 0.23. The stock has a fifty day moving average of $18.11 and a 200-day moving average of $19.55.

Autohome Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd will be paid a $0.66 dividend. The ex-dividend date is Thursday, July 2nd. Autohome’s payout ratio is currently 183.97%.

Insider Activity at Autohome

In other news, CTO Bibo Xiang sold 10,508 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $4.35, for a total transaction of $45,709.80. Following the completion of the transaction, the chief technology officer directly owned 62,368 shares of the company’s stock, valued at $271,300.80. This trade represents a 14.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Yan Zeng sold 24,300 shares of Autohome 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 sale, the chief financial officer owned 169,940 shares of the company’s stock, valued at approximately $739,239. This trade represents a 12.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 5.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Autohome

Several hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. lifted 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 in the last quarter. FIL Ltd increased its position in shares of Autohome by 0.5% in the fourth quarter. FIL Ltd now owns 4,308,693 shares of the information services provider’s stock worth $95,912,000 after acquiring an additional 20,228 shares in the last quarter. M&G PLC raised its stake in shares of Autohome by 13.7% in the 4th quarter. M&G PLC now owns 3,420,121 shares of the information services provider’s stock valued at $75,243,000 after acquiring an additional 413,287 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Autohome by 86.9% during the 4th quarter. Federated Hermes Inc. now owns 2,852,839 shares of the information services provider’s stock valued at $63,504,000 after acquiring an additional 1,326,281 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Autohome by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,682,506 shares of the information services provider’s stock valued at $59,713,000 after acquiring an additional 39,969 shares in the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.

About Autohome

(Get 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.

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