Autohome Inc. (NYSE:ATHM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Autohome Inc. (NYSE:ATHM) have earned a consensus rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.00.

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

Autohome Stock Performance

Autohome stock opened at $25.28 on Tuesday. The firm has a market cap of $3.06 billion, a PE ratio of 12.58 and a beta of 0.18. Autohome has a twelve month low of $21.89 and a twelve month high of $34.70. The firm’s 50 day moving average price is $27.18 and its two-hundred day moving average price is $27.33.

Autohome Increases Dividend

The firm also recently announced 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 represents a yield of 5.8%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Autohome’s previous Variable dividend of $0.57. Autohome’s payout ratio is currently 83.58%.

Institutional Trading of Autohome

Institutional investors and hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its stake in Autohome by 93.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after buying an additional 2,614 shares in the last quarter. Van ECK Associates Corp raised its position in Autohome by 23.5% during the second quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock worth $195,000 after acquiring an additional 1,351 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Autohome in the 3rd quarter valued at about $219,000. XTX Topco Ltd bought a new position in shares of Autohome during the 2nd quarter worth approximately $221,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in Autohome during the 3rd quarter valued at $228,000. 63.08% of the stock is 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.