Autohome (NYSE:ATHM) CFO Yan Zeng Sells 24,300 Shares

Autohome Inc. (NYSE:ATHM) CFO Yan Zeng sold 24,300 shares of the company’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 transaction of $105,705.00. Following the sale, the chief financial officer directly owned 169,940 shares of the company’s stock, valued at approximately $739,239. This trade represents a 12.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Autohome Trading Up 2.6%

Shares of Autohome stock opened at $18.38 on Wednesday. The company has a 50 day moving average of $17.88 and a 200-day moving average of $20.59. Autohome Inc. has a 1-year low of $15.57 and a 1-year high of $29.92. The company has a market cap of $2.12 billion, a PE ratio of 14.03 and a beta of 0.23.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. Autohome had a net margin of 17.91% and a return on equity of 5.01%. The company had revenue of $208.96 million during the quarter. Research analysts forecast 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. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, July 2nd. Autohome’s dividend payout ratio is 133.59%.

Institutional Investors Weigh In On Autohome

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Autohome by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock valued at $236,000 after purchasing an additional 438 shares during the last quarter. Guinness Asset Management LTD grew its holdings in shares of Autohome by 20.9% during the 3rd quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock valued at $79,000 after purchasing an additional 469 shares during the last quarter. Mondrian Investment Partners LTD boosted its position in Autohome by 10.1% during the 4th quarter. Mondrian Investment Partners LTD now owns 5,714 shares of the information services provider’s stock worth $127,000 after buying an additional 523 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Autohome by 5.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,101 shares of the information services provider’s stock worth $247,000 after buying an additional 601 shares during the period. Finally, Parallel Advisors LLC boosted its position in Autohome by 30.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock worth $82,000 after buying an additional 674 shares during the period. 63.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ATHM shares. Wall Street Zen downgraded shares of Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. HSBC lowered shares of 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. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Benchmark reaffirmed a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. Finally, Weiss Ratings lowered shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $22.65.

Autohome Company Profile

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.