Brokerages Set Autohome Inc. (NYSE:ATHM) PT at $28.00

Autohome Inc. (NYSE:ATHM) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $28.00.

A number of research firms recently commented on ATHM. CLSA lowered shares of Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. StockNews.com lowered shares of Autohome from a “buy” rating to a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th.

Autohome Trading Down 1.0 %

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

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 is a positive change from Autohome’s previous Variable dividend of $0.57. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, December 31st. Autohome’s dividend payout ratio is currently 83.58%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ATHM. Robeco Institutional Asset Management B.V. raised its holdings in Autohome by 140.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider’s stock worth $44,602,000 after buying an additional 1,004,043 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Autohome by 106.2% during the third quarter. Assenagon Asset Management S.A. now owns 683,144 shares of the information services provider’s stock worth $22,284,000 after buying an additional 351,789 shares during the last quarter. M&G PLC raised its holdings in Autohome by 9.6% during the third quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock worth $111,701,000 after buying an additional 296,107 shares during the last quarter. North of South Capital LLP raised its holdings in Autohome by 16.3% during the fourth quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock worth $51,001,000 after buying an additional 274,974 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Autohome during the third quarter worth $6,663,000. 63.08% of the stock is owned by institutional investors.

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.