Bibo Xiang Sells 10,508 Shares of Autohome (NYSE:ATHM) Stock

Autohome Inc. (NYSE:ATHM) CTO Bibo Xiang sold 10,508 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $4.35, for a total value of $45,709.80. Following the sale, the chief technology officer directly owned 62,368 shares of the company’s stock, valued at $271,300.80. This represents a 14.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Autohome Price Performance

NYSE ATHM opened at $18.19 on Thursday. The business has a 50 day simple moving average of $17.89 and a 200 day simple moving average of $20.50. Autohome Inc. has a one year low of $15.57 and a one year high of $29.92. The stock has a market capitalization of $2.09 billion, a P/E ratio of 13.88 and a beta of 0.23.

Autohome (NYSE:ATHM) last released its earnings results on Sunday, February 15th. The information services provider reported $0.09 EPS for the quarter. Autohome had a return on equity of 5.01% and a net margin of 17.91%.The business had revenue of $208.96 million during the quarter. Equities analysts expect that Autohome Inc. will post 1.24 earnings per share for the current year.

Autohome Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd will be issued a $0.66 dividend. The ex-dividend date is Thursday, July 2nd. Autohome’s dividend payout ratio is presently 133.59%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in shares of Autohome by 12.2% in the third quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock valued at $227,497,000 after purchasing an additional 868,151 shares in the last quarter. FIL Ltd lifted its holdings in shares of Autohome by 0.5% in the fourth quarter. FIL Ltd now owns 4,308,693 shares of the information services provider’s stock valued at $95,912,000 after purchasing an additional 20,228 shares in the last quarter. M&G PLC lifted its holdings in shares of Autohome by 13.7% in the fourth quarter. M&G PLC now owns 3,420,121 shares of the information services provider’s stock valued at $75,243,000 after purchasing an additional 413,287 shares in the last quarter. Krane Funds Advisors LLC lifted its holdings in shares of Autohome by 25.0% in the third quarter. Krane Funds Advisors LLC now owns 3,387,052 shares of the information services provider’s stock valued at $93,178,000 after purchasing an additional 678,214 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Autohome by 86.9% in the fourth quarter. Federated Hermes Inc. now owns 2,852,839 shares of the information services provider’s stock valued at $63,504,000 after purchasing an additional 1,326,281 shares in the last quarter. Institutional investors own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ATHM shares. JPMorgan Chase & Co. cut their price target on Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday. Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. HSBC lowered Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target on the stock. in a report on Thursday, May 14th. Benchmark reiterated a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. Finally, Wall Street Zen lowered Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $17.15.

About Autohome

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.