Autohome Inc. (NYSE:ATHM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Autohome Inc. (NYSE:ATHM) have been assigned a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $28.00.

Several research firms recently weighed in on ATHM. StockNews.com raised Autohome from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. The Goldman Sachs Group raised Autohome to a “hold” rating in a report on Wednesday, December 11th. Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, CLSA downgraded Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th.

Autohome Stock Performance

Shares of NYSE ATHM opened at $25.28 on Tuesday. The stock has a market capitalization of $3.06 billion, a P/E ratio of 12.58 and a beta of 0.18. The stock’s fifty day moving average is $27.18 and its 200 day moving average is $27.33. Autohome has a 52 week low of $21.89 and a 52 week high of $34.70.

Autohome Increases Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. This is a positive change from Autohome’s previous Variable dividend of $0.57. This represents a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, December 31st. Autohome’s payout ratio is currently 83.58%.

Hedge Funds Weigh In On Autohome

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Autohome by 78.1% during the third quarter. JPMorgan Chase & Co. now owns 154,988 shares of the information services provider’s stock valued at $5,056,000 after acquiring an additional 67,957 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Autohome by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 41,448 shares of the information services provider’s stock worth $1,342,000 after buying an additional 2,857 shares during the last quarter. Sanctuary Advisors LLC grew its position in Autohome by 16.7% during the third quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock valued at $505,000 after buying an additional 2,221 shares during the period. Geode Capital Management LLC raised its position in Autohome by 3.5% in the third quarter. Geode Capital Management LLC now owns 413,932 shares of the information services provider’s stock worth $13,395,000 after acquiring an additional 13,944 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Autohome during the 3rd quarter valued at approximately $6,663,000. 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.