Autohome Inc. (NYSE:ATHM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Autohome Inc. (NYSE:ATHM) have earned an average recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. CLSA cut Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised Autohome to a “hold” rating in a research report on Wednesday, December 11th.

Autohome Stock Down 0.8 %

Shares of NYSE:ATHM opened at $25.16 on Tuesday. The stock has a market capitalization of $3.05 billion, a PE ratio of 12.52 and a beta of 0.18. The firm’s 50 day moving average price is $27.12 and its 200-day moving average price is $27.31. Autohome has a twelve month low of $21.89 and a twelve month high of $34.70.

Autohome Increases Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, December 31st will be given a $1.15 dividend. This represents a dividend yield of 5.8%. This is an increase from Autohome’s previous Variable dividend of $0.57. The ex-dividend date is Tuesday, December 31st. Autohome’s payout ratio is presently 83.58%.

Institutional Trading of Autohome

Several institutional investors have recently made changes to their positions in ATHM. Harvest Fund Management Co. Ltd boosted its stake in Autohome by 1.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock worth $1,238,000 after purchasing an additional 394 shares during the period. Van ECK Associates Corp grew its stake 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 valued at $195,000 after acquiring an additional 1,351 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Autohome by 16.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock valued at $505,000 after acquiring an additional 2,221 shares during the last quarter. Creative Planning lifted its stake in Autohome by 14.2% in the 3rd quarter. Creative Planning now owns 20,938 shares of the information services provider’s stock worth $683,000 after purchasing an additional 2,603 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Autohome by 93.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after purchasing an additional 2,614 shares during the last quarter. Hedge funds and other institutional investors 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.