Autohome (NYSE:ATHM) Hits New 12-Month Low – Should You Sell?

Autohome Inc. (NYSE:ATHM) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.82 and last traded at $22.8380, with a volume of 45703 shares traded. The stock had previously closed at $23.30.

Analyst Ratings Changes

A number of brokerages recently issued reports on ATHM. JPMorgan Chase & Co. cut shares of Autohome from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $28.00 in a research note on Wednesday, October 29th. Zacks Research lowered Autohome from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Autohome in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $28.00.

Autohome Stock Performance

The firm has a market cap of $2.70 billion, a P/E ratio of 13.53 and a beta of 0.10. The company’s 50 day moving average is $25.09 and its 200 day moving average is $26.73.

Autohome Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, February 19th. Investors of record on Wednesday, December 31st will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, December 31st. Autohome’s payout ratio is currently 100.00%.

Institutional Trading of Autohome

A number of hedge funds have recently made changes to their positions in the company. Amundi lifted its holdings in Autohome by 8.5% during the 1st quarter. Amundi now owns 138,861 shares of the information services provider’s stock worth $3,794,000 after buying an additional 10,890 shares during the period. Long Corridor Asset Management Ltd raised its position in shares of Autohome by 72.5% during the second quarter. Long Corridor Asset Management Ltd now owns 557,359 shares of the information services provider’s stock worth $14,374,000 after acquiring an additional 234,276 shares during the last quarter. KBC Group NV raised its position in shares of Autohome by 19.5% during the second quarter. KBC Group NV now owns 93,681 shares of the information services provider’s stock worth $2,416,000 after acquiring an additional 15,272 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Autohome by 40.5% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 56,220 shares of the information services provider’s stock worth $1,450,000 after acquiring an additional 16,212 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in Autohome by 32.0% in the second quarter. Schroder Investment Management Group now owns 1,215,213 shares of the information services provider’s stock valued at $31,340,000 after acquiring an additional 294,701 shares during the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.

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.