XTX Topco Ltd Invests $679,000 in Autohome Inc. $ATHM

XTX Topco Ltd bought a new position in Autohome Inc. (NYSE:ATHM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 26,322 shares of the information services provider’s stock, valued at approximately $679,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in Autohome by 124.4% in the second quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 739 shares during the period. Signaturefd LLC lifted its stake in shares of Autohome by 40.6% during the 2nd quarter. Signaturefd LLC now owns 1,466 shares of the information services provider’s stock valued at $38,000 after buying an additional 423 shares in the last quarter. Guinness Asset Management LTD boosted its stake in shares of Autohome by 147.3% in the first quarter. Guinness Asset Management LTD now owns 1,978 shares of the information services provider’s stock worth $55,000 after acquiring an additional 1,178 shares during the period. SVB Wealth LLC bought a new position in Autohome in the 1st quarter worth approximately $57,000. Finally, Parallel Advisors LLC boosted its position in shares of Autohome by 42.4% during the second quarter. Parallel Advisors LLC now owns 2,212 shares of the information services provider’s stock worth $57,000 after acquiring an additional 659 shares during the last quarter. 63.08% of the stock is owned by institutional investors.

Autohome Trading Down 1.1%

ATHM opened at $23.48 on Wednesday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 13.81 and a beta of 0.10. Autohome Inc. has a 12-month low of $23.11 and a 12-month high of $32.70. The business’s fifty day simple moving average is $26.03 and its 200-day simple moving average is $26.80.

Autohome Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, February 19th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, December 31st. Autohome’s dividend payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

ATHM has been the subject of a number of research reports. Zacks Research lowered Autohome from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Autohome in a research note on Monday. Finally, JPMorgan Chase & Co. downgraded Autohome from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $36.00 to $28.00 in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Autohome presently has an average rating of “Reduce” and an average target price of $28.00.

About Autohome

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.