BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 2,194 Shares of Autohome Inc. $ATHM

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Autohome Inc. (NYSE:ATHM) by 16.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,629 shares of the information services provider’s stock after acquiring an additional 2,194 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Autohome were worth $403,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ATHM. Vontobel Holding Ltd. boosted its holdings in shares of Autohome by 26.4% during the first quarter. Vontobel Holding Ltd. now owns 10,828 shares of the information services provider’s stock worth $300,000 after acquiring an additional 2,264 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Autohome by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 71,083 shares of the information services provider’s stock worth $1,970,000 after acquiring an additional 1,198 shares during the period. Cerity Partners LLC bought a new stake in shares of Autohome during the first quarter worth approximately $912,000. New York State Common Retirement Fund boosted its stake in shares of Autohome by 4.1% in the first quarter. New York State Common Retirement Fund now owns 130,739 shares of the information services provider’s stock valued at $3,624,000 after buying an additional 5,200 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Autohome in the first quarter valued at approximately $698,000. Institutional investors own 63.08% of the company’s stock.

Autohome Price Performance

NYSE ATHM opened at $24.88 on Thursday. The business has a fifty day moving average price of $27.93 and a two-hundred day moving average price of $27.15. Autohome Inc. has a fifty-two week low of $23.39 and a fifty-two week high of $32.70. The stock has a market capitalization of $2.91 billion, a PE ratio of 14.63 and a beta of 0.09.

Autohome Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a dividend of $0.59 per share. The ex-dividend date is Monday, October 20th. Autohome’s dividend payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ATHM shares. Zacks Research cut Autohome from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Autohome in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut Autohome from an “overweight” rating to a “neutral” rating and cut their price target for the company from $36.00 to $28.00 in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $28.00.

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.