Geode Capital Management LLC Has $13.40 Million Position in Autohome Inc. (NYSE:ATHM)

Geode Capital Management LLC raised its stake in Autohome Inc. (NYSE:ATHM) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 413,932 shares of the information services provider’s stock after purchasing an additional 13,944 shares during the period. Geode Capital Management LLC owned 0.34% of Autohome worth $13,395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in Autohome by 28.9% during the second quarter. Bank of New York Mellon Corp now owns 80,416 shares of the information services provider’s stock worth $2,207,000 after acquiring an additional 18,030 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Autohome during the second quarter worth about $208,000. Van ECK Associates Corp increased 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 during the period. Ritholtz Wealth Management acquired a new stake in shares of Autohome in the second quarter valued at approximately $365,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Autohome in the second quarter valued at approximately $892,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. CLSA cut Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. StockNews.com cut Autohome from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Autohome Price Performance

NYSE ATHM opened at $26.17 on Tuesday. The business has a fifty day moving average price of $27.74 and a two-hundred day moving average price of $27.41. Autohome Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The stock has a market capitalization of $3.17 billion, a PE ratio of 13.02 and a beta of 0.20.

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 paid a dividend of $1.15 per share. The ex-dividend date is Tuesday, December 31st. This is a boost from Autohome’s previous Variable dividend of $0.57. This represents a yield of 5.8%. Autohome’s dividend payout ratio is presently 83.58%.

Autohome declared that its Board of Directors has initiated a stock repurchase program on Wednesday, September 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.