Autohome (NYSE:ATHM) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Autohome (NYSE:ATHM) to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on ATHM. CLSA downgraded shares of 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 report on Thursday, October 3rd. Finally, StockNews.com lowered shares of Autohome from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.00.

Autohome Trading Down 0.3 %

Shares of NYSE:ATHM opened at $27.93 on Wednesday. The firm has a market capitalization of $3.38 billion, a PE ratio of 13.90 and a beta of 0.20. Autohome has a 1-year low of $21.89 and a 1-year high of $34.70. The business’s 50 day moving average is $28.90 and its 200-day moving average is $27.54.

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 paid 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 is Tuesday, December 31st. Autohome’s dividend payout ratio is currently 83.58%.

Autohome declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. raised its holdings in shares of Autohome by 7.4% in the third quarter. Franklin Resources Inc. now owns 41,448 shares of the information services provider’s stock valued at $1,342,000 after buying an additional 2,857 shares during the last quarter. Sanctuary Advisors LLC increased its position in Autohome by 16.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock valued at $505,000 after acquiring an additional 2,221 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Autohome during the third quarter worth approximately $6,663,000. Finally, XTX Topco Ltd grew its stake in shares of Autohome by 211.3% during the third quarter. XTX Topco Ltd now owns 25,048 shares of the information services provider’s stock valued at $817,000 after purchasing an additional 17,002 shares during the last quarter. 63.08% of the stock is owned by institutional investors and hedge funds.

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.