StockNews.com Upgrades Autohome (NYSE:ATHM) to Buy

StockNews.com upgraded shares of Autohome (NYSE:ATHM) from a hold rating to a buy rating in a research report report published on Friday morning.

Other equities research analysts also recently issued research reports about the stock. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised Autohome to a “hold” rating in a research report on Wednesday, December 11th. Finally, Hsbc Global Res raised shares of Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.00.

Autohome Stock Performance

Shares of NYSE ATHM opened at $26.19 on Friday. The business’s 50-day simple moving average is $27.47 and its 200-day simple moving average is $27.38. Autohome has a 52 week low of $21.89 and a 52 week high of $34.70. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 13.03 and a beta of 0.18.

Autohome Increases Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, December 31st will be given a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Autohome’s previous Variable dividend of $0.57. This represents a yield of 5.8%. Autohome’s payout ratio is 83.58%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in Autohome by 28.9% in the second quarter. Bank of New York Mellon Corp now owns 80,416 shares of the information services provider’s stock valued at $2,207,000 after acquiring an additional 18,030 shares during the last quarter. Van ECK Associates Corp raised its position in Autohome by 23.5% during the second quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock worth $195,000 after acquiring an additional 1,351 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Autohome in the 2nd quarter valued at about $365,000. ANTIPODES PARTNERS Ltd acquired a new position in Autohome during the second quarter worth approximately $892,000. Finally, Acadian Asset Management LLC raised its stake in Autohome by 14.7% in the second quarter. Acadian Asset Management LLC now owns 4,440,462 shares of the information services provider’s stock valued at $121,859,000 after buying an additional 568,474 shares during the period. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.