Autohome (NYSE:ATHM) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Autohome (NYSE:ATHM) from a buy rating to a hold rating in a research report sent to investors on Monday.

A number of other equities research analysts have also weighed in on the company. CLSA lowered Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.00.

Autohome Trading Down 1.0 %

Shares of ATHM opened at $27.74 on Monday. The firm has a market cap of $3.36 billion, a PE ratio of 13.80 and a beta of 0.18. Autohome has a 12 month low of $21.89 and a 12 month high of $34.70. The stock has a fifty day moving average price of $27.06 and a 200-day moving average price of $27.31.

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 paid a $1.15 dividend. This represents a dividend yield of 5.8%. This is a boost 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%.

Institutional Investors Weigh In On Autohome

A number of large investors have recently bought and sold shares of ATHM. Public Employees Retirement System of Ohio acquired a new stake in Autohome during the 3rd quarter valued at approximately $6,663,000. Jane Street Group LLC acquired a new position in Autohome during the third quarter valued at $784,000. Bank of Montreal Can lifted its position in Autohome by 33.8% during the third quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider’s stock valued at $3,484,000 after purchasing an additional 26,657 shares during the period. JPMorgan Chase & Co. boosted its holdings in Autohome by 78.1% in the third quarter. JPMorgan Chase & Co. now owns 154,988 shares of the information services provider’s stock valued at $5,056,000 after purchasing an additional 67,957 shares during the last quarter. Finally, M&G PLC grew its position in Autohome by 9.6% during the 3rd quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock worth $111,701,000 after purchasing an additional 296,107 shares during the period. Hedge funds and other institutional investors own 63.08% of the company’s stock.

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.