Autohome Inc. (NYSE:ATHM – Get Free Report) shot up 7.6% on Tuesday . The stock traded as high as $22.95 and last traded at $22.9880. Approximately 894,815 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 710,777 shares. The stock had previously closed at $21.37.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Autohome in a report on Friday, July 17th. Zacks Research downgraded Autohome from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. HSBC lowered shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price for the company. in a research note on Thursday, May 14th. Wall Street Zen cut shares of Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $17.15.
View Our Latest Stock Analysis on ATHM
Autohome Trading Up 0.5%
Autohome Announces Dividend
The firm also recently disclosed a special dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 2nd will be paid a $0.66 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. Autohome’s payout ratio is 183.97%.
Insiders Place Their Bets
In other Autohome news, CTO Bibo Xiang sold 10,508 shares of the 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 sale, the chief technology officer owned 62,368 shares of the company’s stock, valued at approximately $271,300.80. This trade represents a 14.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 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 completion of the transaction, the chief financial officer owned 169,940 shares in the company, valued at $739,239. This 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.
Institutional Trading of Autohome
Institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd raised its stake in shares of Autohome by 42.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 185,882 shares of the information services provider’s stock worth $4,794,000 after acquiring an additional 55,167 shares in the last quarter. Sei Investments Co. grew its holdings in Autohome by 0.4% in the second quarter. Sei Investments Co. now owns 338,720 shares of the information services provider’s stock worth $8,736,000 after purchasing an additional 1,197 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Autohome by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock worth $236,000 after purchasing an additional 438 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Autohome during the second quarter worth $1,086,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Autohome during the 2nd quarter valued at $29,000. 63.08% of the stock is currently owned by institutional investors.
Autohome Company 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.
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