Autohome (NYSE:ATHM) Given “Neutral” Rating at Citigroup

Citigroup reissued their neutral rating on shares of Autohome (NYSE:ATHM) in a research report released on Friday, Marketbeat.com reports. The firm currently has a $28.00 price target on the information services provider’s stock, down from their previous price target of $31.00.

Autohome Stock Down 5.3 %

NYSE:ATHM opened at $25.22 on Friday. The company has a 50 day simple moving average of $27.78 and a two-hundred day simple moving average of $26.66. Autohome has a 12 month low of $23.81 and a 12 month high of $34.10.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, May 8th. The information services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Autohome had a return on equity of 8.24% and a net margin of 25.69%. The company had revenue of $222.85 million during the quarter, compared to analysts’ expectations of $217.23 million. As a group, equities analysts forecast that Autohome will post 2.13 earnings per share for the current year.

Autohome Announces Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, July 10th will be issued a $0.57 dividend. This represents a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, July 10th. Autohome’s payout ratio is 79.62%.

Institutional Trading of Autohome

Several large investors have recently added to or reduced their stakes in ATHM. Wellington Management Group LLP grew its position in shares of Autohome by 4.8% during the 3rd quarter. Wellington Management Group LLP now owns 214,259 shares of the information services provider’s stock valued at $6,503,000 after acquiring an additional 9,889 shares during the period. SG Americas Securities LLC increased its position in Autohome by 78.2% in the fourth quarter. SG Americas Securities LLC now owns 27,481 shares of the information services provider’s stock worth $771,000 after buying an additional 12,058 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of Autohome in the fourth quarter worth about $220,000. Handelsbanken Fonder AB lifted its position in shares of Autohome by 7.2% during the 4th quarter. Handelsbanken Fonder AB now owns 443,980 shares of the information services provider’s stock valued at $12,458,000 after buying an additional 29,846 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Autohome by 58.2% during the 4th quarter. New York State Common Retirement Fund now owns 108,240 shares of the information services provider’s stock valued at $3,037,000 after acquiring an additional 39,806 shares during the period. 63.08% of the stock is currently owned by institutional investors.

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.