E Fund Management Hong Kong Co. Ltd. Sells 3,366 Shares of Autohome Inc. (NYSE:ATHM)

E Fund Management Hong Kong Co. Ltd. decreased its holdings in Autohome Inc. (NYSE:ATHM) by 6.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 52,539 shares of the information services provider’s stock after selling 3,366 shares during the period. Autohome makes up 1.1% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 16th largest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Autohome were worth $1,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vontobel Holding Ltd. purchased a new position in shares of Autohome during the third quarter valued at approximately $219,000. XTX Topco Ltd bought a new stake in Autohome in the 2nd quarter worth approximately $221,000. BlueCrest Capital Management Ltd purchased a new stake in Autohome during the 3rd quarter valued at $228,000. Ritholtz Wealth Management boosted its stake in shares of Autohome by 8.1% in the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after buying an additional 778 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Autohome by 31.2% in the third quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock worth $304,000 after acquiring an additional 2,212 shares during the period. Institutional investors own 63.08% of the company’s stock.

Wall Street Analyst Weigh In

ATHM has been the topic of several research reports. CLSA cut Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Hsbc Global Res raised shares of Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a research note on Wednesday, December 11th. Four research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Autohome Trading Up 2.3 %

Autohome stock opened at $27.65 on Monday. Autohome Inc. has a 12-month low of $21.89 and a 12-month high of $34.70. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 13.75 and a beta of 0.18. The firm has a 50 day moving average of $26.99 and a 200 day moving average of $27.29.

Autohome Increases Dividend

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This represents a dividend yield of 5.8%. This is an increase from Autohome’s previous Variable dividend of $0.57. The ex-dividend date is Tuesday, December 31st. Autohome’s dividend payout ratio (DPR) is presently 83.58%.

About Autohome

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.