Autohome (NYSE:ATHM) Upgraded at StockNews.com

StockNews.com upgraded shares of Autohome (NYSE:ATHM) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

Several other research firms have also commented on ATHM. CLSA lowered shares of Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. The Goldman Sachs Group raised Autohome to a “hold” rating in a report on Wednesday, December 11th. Finally, Hsbc Global Res raised shares of Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Autohome has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Autohome Price Performance

Shares of ATHM stock opened at $26.57 on Thursday. The stock’s 50-day moving average is $26.99 and its 200 day moving average is $27.29. Autohome has a 1-year low of $21.89 and a 1-year high of $34.70. The company has a market cap of $3.22 billion, a P/E ratio of 13.22 and a beta of 0.18.

Autohome Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Wednesday, March 19th. Stockholders 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 5.8%. Autohome’s dividend payout ratio is presently 83.58%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ATHM. DekaBank Deutsche Girozentrale increased its position in Autohome by 93.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock worth $146,000 after purchasing an additional 2,614 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in Autohome in the 3rd quarter valued at about $219,000. XTX Topco Ltd acquired a new position in Autohome in the second quarter valued at about $221,000. BlueCrest Capital Management Ltd purchased a new position in Autohome during the third quarter worth about $228,000. Finally, Ritholtz Wealth Management increased its position in shares of Autohome by 8.1% during the fourth quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock valued at $270,000 after acquiring an additional 778 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

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.